Advertisements
Advertisements
Question
Write short note on the following.
Demerits of Co-operative society
Solution
Demerits of a co-operative society:
i. Excessive government control: A co-operative society has to follow certain rules and regulations framed by the cooperative department of the concerned state government.
ii. Limited capital: The financial resources that a co-operative society can raise from the public are limited, as the rate of dividend on capital is low and the principle of “one member, one vote” is followed.
iii. Lack of secrecy: Secrecy of information in a co-operative society cannot be maintained, as it discloses information about its operations to its members.
iv. Lack of motivation: Members of a co-operative society do not feel motivated to do their best, as there is no incentive for hard work.
v. Conflicts: Members of a co-operative society may lack maturity and experience to deal with business problems. This may lead to conflicts among the members.
vi. Inefficiency in management: The management of a co-operative society generally comprises part-time or inexperienced people. They may not be skilled enough to handle managerial functions effectively.
RELATED QUESTIONS
The maximum number of partners for a firm carrying on banking business is .............. .
Multinational companies have a network of subsidiaries in _________.
Select the proper option from the options given below and rewrite the completed sentence.
Business organization which is controlled by Hindu succession Act is known as ________
Select the proper option from the options given below and rewrite the completed sentence.
From the point of continuity ________ business organizations is the most suitable.
Match the correct pairs.
| Group “A” | Group “B” | ||
| a) | Private company | 1) | Compulsory |
| b) | Public company | 2) | Minimum 7 members |
| c) | Common Seal | 3) | Maximum 50 members |
| d) | Registration of a company | 4) | 61% share capital |
| e) | Government company | 5) | 51% share capital |
| 6) | Symbol of a company | ||
| 7) | Optional | ||
| 8) | Simple formation | ||
| 9) | Easy dissolution | ||
| 10) | Hindu succession Act 1956 |
Write a word or a phrase or a term which can substitute the following.
The rules and regulations laid down by the managing committee of a co-operative organization.
Write short note on the following.
Merits of Joint stock company.
State with reasons whether the following statement true or false.
The maximum number of members in a Joint Hindu family is 20.
State with reasons whether the following statement true or false.
Share holders can manage the business.
Write short answer of the following.
State the demerits of proprietorship.
Write short answer of the following.
State the features of Proprietorship.
Write short answer of the following.
State the point of choice of forms of business organization.
Long answer type question.
Define partnership 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.
Why is it important to choose an appropriate form of organisation?
