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Briefly explain the following term: Artificial person - Business Studies

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Briefly explain the following term: Artificial person

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उत्तर

By the term artificial person, we mean that a company is created as a separate legal entity under the law and is a juristic person. However, unlike human beings, a company, as an artificial person, cannot breathe or talk, cannot sign its documents and cannot negotiate with its customers. In contrast, like human beings, a company does have its own life that is truly independent of the life of its members. Hence, because of these dissimilarities and similarities, a company is regarded as an artificial person.

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अध्याय 2: Forms of Business Organisation - Short Answer Questions [पृष्ठ ५६]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 2 Forms of Business Organisation
Short Answer Questions | Q 6.4 | पृष्ठ ५६

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संबंधित प्रश्न

The maximum number of member is a private company are ___________

a. 50

b. 40

c. 20


Distinguish between Private Company  and Public Company.


State true or false.
The ownership and management is not separated in a Joint Stock Company.


Group A
Group B
(a) Registration of a company
(1) 24th December
(b) E-business
(2) One man one boss
(c) World consumers’ Right Day
(3) Giving direction
(d) Principle of unity of command
(4) One man many bosses
(e) Controlling
(5) Outsourcing.
 
(6) 15th March
 
(7) Optional
 
(8) Electronic business
 
(9) Taking corrective action
 
(10) Compulsory

A company in which there are maximum 50 members.


Features of a Government company.


​A company which is incorporated under Special Act of Parliament.


Features of Multinational Companies.


 Government companies are registered under special legislation.


Select the proper option from the options given below and rewrite the completed sentence.
The maximum number of members in a private limited company are ________


Select the proper option from the options given below and rewrite the completed sentence.
The liability of the shareholders in the public limited joint stock company is ________.


Select the proper option from the options given below and rewrite the completed sentence.
The elected representatives of shareholders are called ________.


Select the proper option from the options given below and rewrite the completed sentence.
A joint stock company is an Artificial person created by ________.


Select the proper option from the options given below and rewrite the completed sentence.
The minimum amount of paid up capital for public company is ________.


State with reasons whether the following statement true or false.

A joint stock company can raise huge capital.


Write short answer of the following.
State demerits of Joint Stock company.


State the important privileges available to a private company.


Briefly explain the following term: Perpetual succession


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