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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.
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संबंधित प्रश्न
Features of sole trading concern.
‘One man show’ type of business organization.
Sole trading concern and Partnership firm .
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 proprietor has ________ liability.
Write a word or a phrase or a term which can substitute the following.
The owner is the sole manager and decision maker of his business.
Write a word or a phrase or a term which can substitute the following.
An artificial person created by law.
Write short note on the following.
Features of partnership firm.
State Whether the Following Statement Are True Or False (Give Reason)
A sole trader has weak bargaining power.
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?
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation. Why?
The capital of a company is divided into a number of parts each one of which is called
Provision of residential accommodation to the members at reasonable rate is the objective of
A partner whose association with the firm is unknown to the general public is called
Define sole proprietorship.
