Micheal Vaz solutions for Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board chapter 1 - Forms of Business Organisations [Latest edition]

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A sole proprietorship is the ________ form of organization.

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A sole proprietorship has ________ owner/owners.

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A proprietor has ________ liability.

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A sole trading concern ensures ________ business secrecy.

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Business organization which is controlled by Hindu succession Act is known as ________

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The members of Hindu Undivided family business are called ________

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Limited managerial skill is the ________ of Joint Hindu family business.

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The Karta in Joint Hindu family Business has ________ Liability.

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The Head of Joint Hindu family Business is called as ________.

The maximum number of partners for a firm carrying on banking business is .............. .

Indian Partnership Act was passed in the year...............................

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Registration of partnership firm is ________ in Maharashtra.

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In partnership firm the liability of partners is ________.

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In a partnership firm every partner is the principal as well as the ________.

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At least ________ persons are required to form a partnership firm.

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The maximum number of members in a private limited company are ________

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The liability of the shareholders in the public limited joint stock company is ________.

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The elected representatives of shareholders are called ________.

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A joint stock company is an Artificial person created by ________.

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Registration of a Joint stock company is ________.

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The minimum numbers of persons required for the registration of a private company is ________.

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The minimum number of Directors in a public company are ________.

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The minimum amount of paid up capital for public company is ________.

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The minimum of members allowed in a co-operative society is ________.

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In a co-operative society the principle followed is ________.

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The Co-operative societies act was passed in the year ____________

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The Maharashtra State co-operative societies Act was came in force in ________.

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While selecting the place of business _______ is important.

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From the point of continuity ________ business organizations is the most suitable.

Match the correct pairs.

Match the correct pairs.

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The business organization which has minimum ten members.

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The type of commercial organization established for providing services to its members.

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An elected body of representatives of a co-operative organization for its day-to-day administration.

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The rules and regulations laid down by the managing committee of a co-operative organization.

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The owner is the sole manager and decision maker of his business.

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The commercial organization which has maximum secrecy.

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'One man show' type of business organization.

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An artificial person created by law.

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The senior most family member of joint Hindu family firm.

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The members of the Joint Hindu family firm.

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A partner who gives his name to a partnership firm.

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A partner in partnership firm who takes active participation in day to day work.

Distinguish between the following.
Sole Trading concern and partnership firm.

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Joint Hindu family firm and Sole Trading concern

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Joint Hindu Family firm and Partnership

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Partnership firm and Joint Stock company

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Joint Hindu family firm and Joint stock company

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Private Limited company and Public limited company

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Sole trading concern and Joint stock company

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Features of a proprietorship

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Merits of a proprietorship

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Features of partnership firm.

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Type of partners

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Merits of a partnership firm

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Type of partnership firm.

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Features of Joint Hindu family.

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Merits of Joint Hindu family

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Features of Joint Stock company

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Merits of Joint stock company.

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State the features of co-operative society

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Merits of Co-operative society.

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Demerits of Co-operative society

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There is no limit for membership in Joint Hindu family Business.

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The liability of a Karta in a Joint Hindu family firm is limited.

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The maximum number of members in a Joint Hindu family is 20.

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Company form of organization has developed before industrial revolution.

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A joint stock company can raise huge capital.

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Share holders can manage the business.

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The ownership and management are not separate in Joint stock company.

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The main purpose of a co-operative organization is to earn profit.

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The membership of a co-operative society is voluntary.

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Co-operative society differs from other forms of commercial organizations.

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Maximization of profit is the main motto of co-operative society.

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In partnership agreement may be oral or written.

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In a partnership the liability of every partner of a firm is unlimited.

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The owner of the sole proprietorship is the sole decision maker of his business.

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Sole Proprietorship is useful for small business.

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A sole trading concern is easiest to form.

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State the demerits of proprietorship.

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State the features of Proprietorship.

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Define partnership and state its important features.

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State the types of partners.

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State the types of partnership firm.

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Features of partnership firm.

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State the merits of partnership firm.

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State the Registration of partnership and its procedure.

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State the types of Co-operative societies.

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State the features of co-operative society

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State the merits of co-operative societies.

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Demerits of Co-operative society

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Features of Joint Stock company

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State merits of Joint Stock Company.

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State demerits of Joint Stock company.

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State factors to be considered for starting business.

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State the point of choice of forms of business organization.

Long answer type question.

Define Joint Stock Company and explain its features.

Long answer type question.

Define Sole Trading Concern and explain its merits and demerits.  

Long answer type question.
Define partnership firm. Explain its merits and demerits.

Write short note on the following.
Features of partnership firm.

Long answer type question.
Define a Joint Hindu family firm. Explain its merits and demerits.

Long answer type question.
Define a Joint Hindu family firm. Explain features of joint Hindu family firm.

Long answer type question.
Define Co-operative society. Explain its features.

Long answer type question.
Define Co-operative society. Explain its merits and demerits.

Long answer type question.
Define Joint Stock Company. Explain its merits and demerits.