Chapter 2 Forms of Business Organisation
Chapter 2 Forms of Business Organisation I. Multiple Choice Questions Tick the appropriate answer. Question 1. The structure in which there is separation of ownership and management is called (i) Sole proprietorship (ii) Partnership (iii) Company (iv) All business organizations Question 2. The Karta in Joint Hindu family business has: (i) Limited liability (ii) Unlimited […]
Chapter 1 Nature and Purpose of Business
Chapter 1 Nature and Purpose of Business I. Multiple Choice Questions Question 1. Which of the following does not characterise business activity? (i) Production of goods and services (ii) Presence of risk (iii) Sale or exchange of goods and services (iv) Salary or wages Question 2. Which of the broad categories of industries covers oil […]