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Question
Select the proper option from the options given below and rewrite the completed sentence.
Limited managerial skill is the ________ of Joint Hindu family business.
Options
feature
limitation
advantage
Solution
Limited managerial skills is the limitation of Joint Hindu family business.
Explanation:
The head of the family, also known as Karta, manages and controls the family business whereas; other members cannot interfere in the decisions of business. Thus, as a joint Hindu family business is managed and controlled by only one person, it results in limited ideas and management.
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RELATED QUESTIONS
Joint Hindu Family firm and Joint Stock company.
Features of Joint Hindu Family Business
Define 'Joint Hindu family'.
Co - operative Society Joint Hindu Family Firm
Select the proper option from the options given below and rewrite the completed sentence.
The Head of Joint Hindu family Business is called as ________.
Write a word or a phrase or a term which can substitute the following.
The senior most family member of joint Hindu family firm.
Briefly explain the following term: Karta
State True or False:
The maximum number of members is unlimited in Joint Hindu Family Firm.
Complete the sentence.
The property of JHF business is jointly owned by the ________
Answer in one sentence.
What is Joint Hindu Family business?
Explain the following term/concept:
Joint Hindu Family Firm.
Explain the following term/concept:
Karta.
Study the following case situation and express your opinion:
Mr. Raghunath is running a business from the last 30 years. This business is ancestoral business of Mr. Raghunath. Kiran and Naman, two sons of Mr. Raghunath are helping him along with their wives.
- Find out the type of business.
- Who is Raghunath?
- What Kiran and Naman are called?
Answer in brief.
State any four merits of the Joint Hindu Family Firm.
Justify the following statement.
Karta is the sole manager of ‘Joint Hindu Family Business’.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
Give one word/phrase/term.
The members of the Joint Hindu Family firm.
