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Business Studies

Social Responsibility Towards Society

If business i...

Question

If business is to operate in a society which is full of diverese and complicated problems, it may have

A

little chance of success

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B

great chance of success

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C

little chance of failure

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D

no relation with success or failure

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Solution

The correct option is A
little chance of success

If business is to operate in a society which is full of diverese and complicated problems, it may have little chance of success.

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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.
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12. In partnership agreement may be oral or written.
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14. The owner of the sole proprietorship is the sole decision maker of his business.
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