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Question
Which of the following are a form of a business enterprise?
Which of the following are a form of a business enterprise?
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Solution
The correct option is D All of the above
Partnership- A partnership is a business that is formed by two or more people. Much like a sole proprietorship, setting up a general partnership has very few start-up fees.Cooperative- It is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise".
The Joint Hindu Family Business is a distinct form of organisation peculiar to India. Joint Hindu Family Firm is created by the operation of law. It does not have any separate and distinct legal entity from that of its members.
Partnership- A partnership is a business that is formed by two or more people. Much like a sole proprietorship, setting up a general partnership has very few start-up fees.
Cooperative- It is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise".
The Joint Hindu Family Business is a distinct form of organisation peculiar to India. Joint Hindu Family Firm is created by the operation of law. It does not have any separate and distinct legal entity from that of its members.
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