Commerce Exam > Commerce Notes > Business Studies (BST) Class 11 > Short Answer Questions: Forms of Business Organisation
Short Answer Questions: Forms of Business Organisation | Business Studies (BST) Class 11 - Commerce PDF Download
Q1: State three advantages of joint Hindu Family business.
Ans: (i) Effective control
(ii) Continuity of business
(iii) limited liability of members
(iv) Increased loyalty. (any three)
Q2: Explain the features of a Joint Hindu Family business.
Ans: (i) Formation
(ii) Liability
(iii) Control
Q3: List any three advantages of partnership.
Ans: (i) Easy to start and close
(ii) proper decision making
(iii) More money
(iv) secrets are maintained.
Q4: State the important features of partnership.
Ans: (i) Formation
(ii) Liability
(iii) Risk bearing
(iv) decision making
(v) continuity
(vi) Member .
Q5: What are the consequences of non registration of a partnership firm?
Ans: A Partner of an unregistered firm cannot file a case against the firm or other partners. The firm cannot file a case against third parties.
The firm cannot file a case against the partners.
Q6: Explain any three features of a company.
Ans: (i) Artificial person
(ii) Formation is difficult
(iii) Company has separate Identity.
Q7: Enumerate the various types of cooperative societies.
Ans: (i) Consumer
(ii) Producer
(iii) Marketing
(iv) Farmer’s
(v) Credit
(vi) Cooperative housing societies
Q8: What are the functions of a promoter?
Ans: (i) Finding out a business opportunity
(ii) Conducting studies
(iii) Getting the name approved.
(iv) Fixing up persons to sign Memorandum of Association.
(v)Appointment of professionals.
(vii) preparation of necessary Documents.
The document Short Answer Questions: Forms of Business Organisation | Business Studies (BST) Class 11 - Commerce is a part of the Commerce Course Business Studies (BST) Class 11.
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