CBSE  /  Class 11  /  Business Studies  /  Forms of Business Organisation

  • 1. 
    Profits do not have to be shared. This statement refers to

  • Company
  • Sole proprietorship
  • Joint Hindu family business
  • Partnership

  • 2. 
    The board of directors of a joint stock company is elected by

  • General public
  • Government bodies
  • Shareholders
  • Employees

  • 3. 
    The karta in Joint Hindu family business has

  • No liability for debts
  • Unlimited liability
  • Joint liability
  • Limited liability

  • 4. 
    The most effective form of business organization for raising capital is the:

  • joint venture.
  • partnership.
  • corporation.
  • proprietorship.

  • 5. 
    The major advantage of a franchise is:

  • training and management assistance.
  • personal ownership.
  • nationally recognized name.
  • all of the above.

  • 6. 
    Which of the following is an example of a non profit organization?

  • Royal Bank.
  • YMCA
  • BCE.
  • Air Canada.

  • 7. 
    Which of the following is an example of a public corporation?

  • Imperial Oil.
  • Hospital for Sick Children.
  • Mouvement Caisse Desjardin.
  • YMCA.

  • 8. 
    A partner who is not actually involved in the partnership but lends his name for public relations purposes is a:

  • silent partner.
  • general partner.
  • nominal partner.
  • dominant partner.

  • 9. 
    The main disadvantage of a general partnership is:

  • the unlimited liability of the partners.
  • disagreement amongst partners.
  • shared management.
  • difficulty of termination.

  • 10. 
    The simplest form of business ownership is a:

  • proprietorship.
  • partnership.
  • corporation.
  • cooperative.
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