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प्रश्न
Match the correct pairs.
उत्तर
| Group A | Group B | ||
| a) | Sole proprietorship | 7) | Maximum business secrecy |
| b) | Joint stock company | 8) | Common seal |
| c) | Partnership Act | 9) | 1932 |
| d) | Co-operative society | 5) | One member, one vote |
| e) | Joint Hindu family firms | 6) | Karta |
a. A sole trading concern ensures maximum business secrecy. All the information related to the business remains with the
owner and it is up to him whether he wants to share the information with others or not. So, others cannot take undue
advantage.
b. In 1956, the Indian Companies Act was enacted. It specifies the rules and regulations for companies.
c. The Indian Partnership Act was passed in 1932. As per the act, “partnership is the relation between the persons who have
agreed to share the profits of a business carried on by all or any of them acting for all”.
d. In a co-operative society, the principle of “one man, one vote” is followed. It means that one person can cast vote only once.
This gives equal voting rights to all members of a co-operative society.
e. The head of a joint Hindu family business is called the Karta. He is the eldest male member of a joint Hindu family. He
controls and manages the business and has unlimited liability.
APPEARS IN
संबंधित प्रश्न
| Group'A' | Group 'B' | ||
| a | Sole trader | 1 | Insurable interest |
| b | Life insurance | 2 | Branch of Social Science |
| c | Business ethics | 3 | Local market |
| d | Henry Fayol | 4 | Father of scientific management |
| e |
Planning |
5 | Principle of indemnity |
| 6 | Father of modern management | ||
| 7 | Primary function of management | ||
| 8 | To earn profit | ||
| 9 | Last function of management | ||
| 10 | National market |
Features of sole trading concern.
Distinguish between Proprietorship and Joint Hindu Family Firm
Define Sole Trading Concern ?
A sole trading concern ensures ______________ business secrecy.
Sole Trading Concern and Partnership
Select the proper option from the options given below and rewrite the completed sentence.
A sole proprietorship has ________ owner/owners.
Select the proper option from the options given below and rewrite the completed sentence.
A sole trading concern ensures ________ business secrecy.
Write short notes on the following.
Features of a proprietorship
State Whether the Following Statement Is True Or False (Give Reason).
A sole trader can take prompt decisions and quick actions.
State Whether the Following Statement Are True Or False (Give Reason)
A sole trader has weak bargaining power.
What do you understand by a sole proprietorship firm?
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why?
The structure in which there is a separation of ownership and management is called
The capital of a company is divided into a number of parts each one of which is called
Define sole proprietorship.
