Commerce Exam > Commerce Notes > Business Studies (BST) Class 11 > PPT - Forms of Business Organisation
PPT - Forms of Business Organisation | Business Studies (BST) Class 11 - Commerce PDF Download
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FAQs on PPT - Forms of Business Organisation - Business Studies (BST) Class 11 - Commerce
| 1. What are the different forms of business organizations? |  |
Ans. The different forms of business organizations include sole proprietorship, partnership, corporation, and cooperative.
| 2. What is a sole proprietorship? | |
Ans. A sole proprietorship is a type of business organization where a single individual owns and operates the business. The owner is solely responsible for the business's debts and liabilities.
| 3. What is a partnership? | |
Ans. A partnership is a form of business organization where two or more individuals (partners) come together to carry out a business venture. The partners share the profits, losses, and responsibilities of the business.
| 4. What is a corporation? | |
Ans. A corporation is a legal entity that is separate from its owners. It is owned by shareholders and managed by a board of directors. Corporations have limited liability, and their ownership can be transferred through the buying and selling of shares.
| 5. What is a cooperative? | |
Ans. A cooperative is a business organization owned and operated by a group of individuals, usually with similar interests or goals. The members of a cooperative contribute financially and actively participate in the decision-making process. The profits and benefits are shared among the members.
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Document Description: PPT - Forms of Business Organisation for Commerce 2024 is part of Business Studies (BST) Class 11 preparation.
The notes and questions for PPT - Forms of Business Organisation have been prepared according to the Commerce exam syllabus. Information about PPT - Forms of Business Organisation covers topics
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