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CBSE
Class 11 Business Studies
Forms Of Business Organisation
Quiz 2
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Profits do not have to be shared. This statement refers to
0%
Company
0%
Sole proprietorship
0%
Joint Hindu family business
0%
Partnership
Explanation
Sole proprietorship
The board of directors of a joint stock company is elected by
0%
General public
0%
Government bodies
0%
Shareholders
0%
Employees
Explanation
Shareholders
The karta in Joint Hindu family business has
0%
No liability for debts
0%
Unlimited liability
0%
Joint liability
0%
Limited liability
Explanation
Unlimited liability
The most effective form of business organization for raising capital is the:
0%
joint venture.
0%
partnership.
0%
corporation.
0%
proprietorship.
Explanation
corporation.
The major advantage of a franchise is:
0%
training and management assistance.
0%
personal ownership.
0%
nationally recognized name.
0%
all of the above.
Explanation
all of the above.
Which of the following is an example of a non profit organization?
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Royal Bank.
0%
YMCA
0%
BCE.
0%
Air Canada.
Explanation
YMCA.
Which of the following is an example of a public corporation?
0%
Imperial Oil.
0%
Hospital for Sick Children.
0%
Mouvement Caisse Desjardin.
0%
YMCA.
Explanation
Imperial Oil.
A partner who is not actually involved in the partnership but lends his name for public relations purposes is a:
0%
silent partner.
0%
general partner.
0%
nominal partner.
0%
dominant partner.
Explanation
nominal partner.
The main disadvantage of a general partnership is:
0%
the unlimited liability of the partners.
0%
disagreement amongst partners.
0%
shared management.
0%
difficulty of termination.
Explanation
the unlimited liability of the partners.
The simplest form of business ownership is a:
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proprietorship.
0%
partnership.
0%
corporation.
0%
cooperative.
Explanation
proprietorship.
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