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प्रश्न
Write a word or a phrase or a term which can substitute the following.
An artificial person created by law.
उत्तर
An artificial person created by law- Joint Stock company.
Explanation:
A joint stock company is created as a separate legal entity. It is independent of its members. It cannot be seen physically, but it has a name, it uses the common seal in place of its signature and it can enter into contracts.
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संबंधित प्रश्न
Distinguish between Proprietorship and Joint Hindu Family Firm
‘One man show’ type of business organization.
Sole trading concern and Partnership firm .
A sole trading concern ensures ______________ business secrecy.
Sole Trading Concern and Partnership Firm
Functions of Lower Level Management.
Select the proper option from the options given below and rewrite the completed sentence.
A sole proprietorship is the ________ form of organization.
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.
Match the correct pairs.
Distinguish between the following.
Sole Trading concern and partnership firm.
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)
The liability of a sole trader is unlimited.
What do you understand by a sole proprietorship firm?
Kiran is a sole proprietor. Over the past decade, her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. Although she looks after the varied functions in all the branches, she is wondering whether she should form a company to better manage the business. She also has plans to open branches countrywide.
(a) Explain two benefits of remaining a sole proprietor
(b) Explain two benefits of converting to a joint stock company
(c) What role will her decision to go nationwide play in her choice of form of the organisation?
(d) What legal formalities will she have to undergo to operate business as a company?
The structure in which there is a separation of ownership and management is called
Provision of residential accommodation to the members at reasonable rate is the objective of
