Have an account?
Skip to Content
Build your own quiz
Suggestions for you
10 questions
Show Answers
See Preview
- 1. Multiple Choice
In a co-operative society, the principle followed is
One man one vote
Multiple votes
No vote
One share one vote
- 2. Multiple Choice
What is the minimum number of members which are required to form a cooperative society?
2
7
10
20
- 3. Multiple Choice
The membership of this form of business organization is open to all those who have common interest
Partnership
Joint Stock Company
Partnership
Cooperative societies
Joint Hindu family
- 4. Multiple Choice
Two disadvantages of a sole trader are
Unlimited liability
Limited liability
When the owner dies the business dies
Decisions are made faster
- 5. Multiple Choice
A credit union is an example of
A sole trader
Partnership
Private Limited Company
Cooperative
- 6. Multiple ChoiceThe Karta in Joint Hindu Family Business has_____Limited LiabilityUnlimited LiabilityNo LiabilityNone Of The Above
- 7. Multiple ChoiceIn what type of business organization is each owner personally liable for all business debts, even if the debts were created by other owners?corporationpartnershipproprietorshipS corporation
- 8. Multiple ChoiceWhich of the following is an advantage of a partnership?Unlimited LiabilityArgumentsShared responsibilityLess investors
- 9. Multiple ChoiceIn a cooperative society, the principle followed is:one share one voteone man one voteno votemultiple votes
- 10. Multiple ChoiceThe head of joint hindu family business is calledDirectorManagerProprietorKarta
- Answer choicesTagsAnswer choicesTags