Advertisements
Advertisements
प्रश्न
Why is it important to choose an appropriate form of organisation?
उत्तर
The choice of an appropriate form of business organisation is important for the following reasons.
(a) Options to choose among various business forms: As there exist numerous forms of business organisations such as sole proprietorship, partnership, cooperative society and company, the choice of an appropriate business organisation is important, because each business form has its own merits and demerits.
(b) Business factors: Every type of business form is influenced by its respective business-related factors, namely, need of funds, risk involved, amount of profits and legal obligations. Therefore, the choice of the appropriate business form is made only after the evaluation of all these business factors.
(c) Long-term growth prospects: The growth prospects of each type of business form are different. If a businessperson opts for a particular business form without correctly evaluating the growth prospects, then the business may fail or the long-term growth prospects of the business will suffer.
APPEARS IN
संबंधित प्रश्न
The maximum number of partners for a firm carrying on banking business is .............. .
State the importance of privatisation.
Match the correct pairs.
| Group “A” | Group “B” | ||
| a) | Private company | 1) | Compulsory |
| b) | Public company | 2) | Minimum 7 members |
| c) | Common Seal | 3) | Maximum 50 members |
| d) | Registration of a company | 4) | 61% share capital |
| e) | Government company | 5) | 51% share capital |
| 6) | Symbol of a company | ||
| 7) | Optional | ||
| 8) | Simple formation | ||
| 9) | Easy dissolution | ||
| 10) | Hindu succession Act 1956 |
Write a word or a phrase or a term which can substitute the following.
The type of commercial organization established for providing services to its members.
Write a word or a phrase or a term which can substitute the following.
The rules and regulations laid down by the managing committee of a co-operative organization.
Write short note on the following.
Merits of Joint Hindu family
State with reasons whether the following statement true or false.
There is no limit for membership in Joint Hindu family Business.
State with reasons whether the following statement true or false.
The liability of a Karta in a Joint Hindu family firm is limited.
State with reasons whether the following statement true or false.
Company form of organization has developed before industrial revolution.
State with reasons whether the following statement true or false.
The main purpose of a co-operative organization is to earn profit.
State with reasons whether the following statement is true or false.
The owner of the sole proprietorship is the sole decision maker of his business.
Write short answer of the following.
State the demerits of proprietorship.
Write short answer of the following.
State the features of Proprietorship.
Write short answer of the following.
State the merits of partnership firm.
Write short answer of the following.
State the point of choice of forms of business organization.
Long answer type question.
Define a Joint Hindu family firm. Explain its merits and demerits.
Long answer type question.
Define Co-operative society. Explain its features.
Long answer type question.
Define Joint Stock Company. Explain its merits and demerits.
