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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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