Partnership
Trending Questions
Define public private partnership.Explain its advantages.
The structure in which there is separation of ownership and management is called
(a) Sole proprietorship
(b) Partnership
(c) Company
(d) All business organisations
Profits do not have to be shared. This statement refers to
(a) Partnership
(b) Joint Hindu family business
(c) Sole proprietorship
(d) Company
For which of the following types of business do you think a partnership form of organisation would be more suitable and why?
(a) Grocery store
(b) Medical store
(c) Legal consultancy
(d) Craft centre
(e) Internet cafe
(f) Chartered accountancy firm
Why is partnership considered by some to be a relatively unpopular form of business ownership? Explain the merits and limitations of partnership.
What are the various privileges available to a private company over the public company ?
State the features of a company.
Define partnership. State its any three important features.
Which type of partnership is formed for completing a particular project?
What is sole proprietorship in business?
A partnership is the best option to overcome various limitations of sole proprietorship in terms of capital employed, managerial skills etc.
False
True
State True or False. In a partnership organisation, the capital is contributed by a number of partners.
False
True
A partnership that is formed to create a certain objective or goal.
Particular Partnership
Limited Partnership
General Partnership
Partnership at Will
Why is partnership considered by some to be a relatively unpopular form of business ownership? Explain the merits and limitations of partnership.
State True or False.
A particular partnership does not dissolve automatically when the purpose is fulfilled.
True
False
Define partnership.
State True or False. In a partnership organisation, the decisions are not taken by mutual consent of the partners.
True
False
Two partners want to start a new firm so they issue a prospectus. Are they on the right track?
Yes, cause the partners need to form a prospectus.
Partners do require a prospectus to go ahead with the business.
No, cause partners do not need to form a prospectus.
None of the above
State any two features that you may notice in partnership a firm.
- unlimited
- situation does not arise
- none of the above
- limited
The government gives money to a company to build the roads for efficient and smooth transport. What kind of partnership is it?
Private Public Partnership
Public Private Partnership
Particular Private Partnership
None of the above
- True
- False
- False
- True
What are the disadvantages of a sole proprietorship business?
1. A Temporary partnership in business.
2. A company which is incorporated in one country and has business units in several countries.
3. A company formed by passing a special act in the parliament or legislature.
4. Partners in a Joint venture.
- Particular partnership
- Limited partnership
- Limited liability partnership
- Fixed partnership
- True
- False
All the partners are equally ___________ for the repayment of all the debts
Jointly Liable
Both A & C
Not liable
Liable