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Business Studies

Features of Joint Stock Company

As compared t...

Question

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

A

True

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B

False

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Solution

The correct option is B
False

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

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

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

From the point of continuity ________ business organizations is the most suitable.
(a) company
(b) partnership
(c) sole proprietorship

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

Q. State with reasons whether the following statements are true or false.
1. There is no limit for membership in Joint Hindu family Business.
2. The liability of a Karta in a Joint Hindu family firm is limited.
3. The maximum number of members in a Joint Hindu family is 20.
4. Company form of organization has developed before industrial revolution.
5. A joint stock company can raise huge capital.
6. Share holders can manage the business.
7. The ownership and management are not separate in Joint stock company.
8. The main purpose of a co-operative organization is to earn profit.
9. The membership of a co-operative society is voluntary.
10. Co-operative society differs from other forms of commercial organizations.
11. Maximization of profit is the main motto of co-operative society.
12. In partnership agreement may be oral or written.
13. In a partnership the liability of every partner of a firm is unlimited.
14. The owner of the sole proprietorship is the sole decision maker of his business.
15. Sole Proprietorship is useful for small business.
16. A sole trading concern is easiest to form.

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