Features of Joint Stock Company

Q.

Are drawings a liability or asset?

Q.

The karta in Joint Hindu family business has

(a) Limited liability

(b) Unlimited liability

(c) No liability for debts

(d) Joint liability

Q.

A ___ is a written agreement which specifies the terms and conditions that govern the partnership.

1. Promoter

2. Partnership Deed

3. Hindu Undivided Family Business

4. Cooperative Society

Q.

In the statement mentioned, state whether it is true or false.
In a company, the liability is unlimited to their investment in the company.

1. False

2. True

Q.

What is the nature of liability of a minor partner?

Q.

As compared to a sole proprietorship and partnership organization, joint stock company formation is easier.

1. True

2. False

Q.

State True or False. In a joint stock company, the process of formation is easy and faster as compared to sole proporietorship.

1. True

2. False

Q.

Who Can Prepare a Partnership Deed?

Q.

Write three important steps of forming a joint venture.

Q.

Shares of a joint stock company can be easily bought and sold in the market.

1. True

2. False

Q.

Which form of business requires several documents and legal requirements before it gets functioning.

1. All of the above

2. Partnership

3. Sole proprietorship

4. Joint stock company

Q.

Which type of organization is best when direct contact with customers is not required?

1. Joint Stock Company

2. All of the above

3. Sole Proprietorship

4. Partnership

Q.

A company can not receive large amounts of ___ resources.

1. Social

2. Political

3. Financial

4. None of the above

Q.

What Is the Purpose of the Deed of Partnership?

Q.

How do partnerships work?

Q.

What is the difference between stock and share?

Q. list five benefits of partnership deed.

Q.
A Joint Stock Company is a form of commercial organisation owned by large number of investors (shareholders).

1. True
2. False

Q. Which of the following is/are disadvantage of a company form of organisation?

1. The formation of a joint stock company is much more complicated than sole proprietorship or partnership.
2. A joint stock company has greater tax burden.
3. All of above
4. Separation of ownership from control

Q. What are the different options to expand sole proprietorship business?

Q. The Joint Stock Company collects huge capital from public.

1. True
2. False

Q. Stock is a consolidation of _____ shares.

1. partly paid
2. fully paid
3. sweat
4. equity

Q. The formation of a joint stock company involves a lengthy and complicated procedure.

1. True
2. False

Q. As compared to a sole proprietorship and partnership organisation, joint stock company formation is easier.

1. False
2. True

Q. A word corporation is derived from latin term "corpus" which means: -

1. Body
2. Legal Person
3. None of the above
4. Artificial Person