NCERT Solutions of Class 11 B. Studies Ch-2 Forms of Business Organisation
Exercise
Thank you for reading this post, don't forget to subscribe!Short Answer Questions
Question 1:
Compare the status of a minor in a Joint Hindu family business with that in a partnership firm.
Question 2:
If registration is optional, why do partnership firms willingly go through this legal formality and get themselves registered? Explain.
Question 3:
State the important privileges available to a private company.
Question 4:
How does a cooperative society exemplify democracy and secularism? Explain.
Question 5:
What is meant by ‘partner by estoppel’? Explain.
Question 6:
Briefly explain the following terms in brief.
(a) Perpetual succession (b) Common seal
(c) Karta (d) Artificial person
Class 11 B. Studies Ch-2 Forms of Business Organisation
Long Answer Questions
Question 1:
What do you understand by a sole proprietorship firm? Explain its merits and limitation?
Question 2:
Why is partnership considered by some to be a relatively unpopular form of business ownership? Explain the merits and limitations of partnership.
Question 3:
Why is it important to choose an appropriate form of organisation? Discuss the factors that determine the choice of form of organisation.
Question 4:
Discuss the characteristics, merits and limitation of cooperative form of organisation. Also describe briefly different types of cooperative societies.
Question 5:
Distinguish between a Joint Hindu family business and partnership.
Question 6:
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation? Why?
Class 11 B. Studies Ch-2 Forms of Business Organisation
