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This a MCQ (Multiple Choice Question) based practice test of Chapter 2 - Forms of Business Organisations of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinations
Q  The structure in which there is separation of ownership and management as per law is called
  • a)
    All business organisations
  • b)
    Company
  • c)
    Partnership
  • d)
    Sole proprietorship
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 2...
The management and control of the affairs of the company is undertaken by the Board of Directors, which appoints the top management officials to the business. The managers are accountable to shareholders who are the owners of the company.
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Most Upvoted Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 2...
ya as we know according to principle of separate legal entity business is separate from its owner it means that capital invested in business is liability for business whereas interest on drawing will be income for business .
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Community Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 2...
yes it is company where mamagrrs n owners r different as per law
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This a MCQ (Multiple Choice Question) based practice test of Chapter 2 - Forms of Business Organisations of Business Studies of Class XI (11) for the quick revision/preparation of School Board examinationsQ The structure in which there is separation of ownership and management as per law is calleda)All business organisationsb)Companyc)Partnershipd)Sole proprietorshipCorrect answer is option 'B'. Can you explain this answer?
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