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Question
Write a word or a term or a phrase which can substitute the following statement.
The owner who is the sole manager and decision maker of his business.
Solution
Sole Trader
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement.
A sole proprietorship has _______ owner/owners.
Select the correct answer from the options given below and rewrite the statement.
The members of Hindu Undivided Family Business are called ________
Select the correct answer from the options given below and rewrite the statement.
The liability of shareholders in the public limited joint stock company is ________
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Sole Trading concern | 1) 1932 |
| b) Joint Hindu Family Business | 2) Partner |
| c) Partnership Act | 3) Artificial person |
| d) Joint Stock Company | 4) 1923 |
| e) Co-operative Society | 5) Karta |
| 6) Natural person | |
| 7) Single Ownership | |
| 8) Equal voting rights | |
| 9) Multiple ownership | |
| 10) Minimum 9 members |
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Private company | 1) 51% share capital held by Government |
| b) Public company | 2) Bank of England |
| c) Government company | 3) Maximum 200 members |
| d) Statutory Company | 4) Minimum 7 members |
| e) Limited Liability Partnership | 5) Maximum 100 members |
| 6) Minimum 5 partners | |
| 7) 40% share capital | |
| 8) Minimum 5 members | |
| 9) Life Insurance Corporation | |
| 10) Minimum 2 partners |
Write a word or a term or a phrase which can substitute the following statement.
The senior most family member of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
An artificial person created by law.
Write a word or a term or a phrase which can substitute the following statement.
The persons who have entered into an agreement of partnership.
Write a word or a term or a phrase which can substitute the following statement.
The official signature of Joint Stock Company.
State whether the following statement is True or False.
Registration of Joint Stock Company is compulsory.
State whether the following statement is True or False.
A Joint Stock Company is a natural person.
State whether the following statement is True or False.
A Joint Stock Company does not enjoy independent legal status.
Complete the sentence.
A company which is incorporated under a special Act is called as ________
Answer the following question:
State the features of sole trading concern.
Answer the following question:
State the features of Limited Liability Partnership.
Answer the following question:
Define Joint Stock Company and explain its feature.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
Write a word or a term or a phrase which can substitute the following statement.
The members of Joint Hindu Family Business.
