MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Partnership

A partnership...

Question

A partnership is an option to overcome various limitations in terms of capital, managerial skills.

A

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

Suggest Corrections

thumbs-up

0

Similar questions

Q. Select the proper option from the options given below and rewrite the completed sentences.

Limited managerial skill is the ________ of Joint Hindu family business.
(a) feature
(b) limitation
(c) advantage

A partnership is the best option to overcome various limitations of sole proprietorship in terms of capital employed, managerial skills etc.

Q. Why is 'managerial skills ' a problem for small business?

Requirement of skilled and ___ workers and managerial staff is also needed to carry on the work.

Q. Name of the following:
(a) A partnership in which the liability of one or more partners is limited.
(b) A partnership which is set up for an indefinite period of time.
(c) The document containing the terms and conditions of a partnership.
(d) The partner who contributes capital but does not take active part in the management.
(e) Person who lends his name and goodwill for the benefit of a partnership firm.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Sole Proprietorship and Partnership

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon