Cooperative Societies

In a co-operative society, the principle followed is

• One man one vote

• Multiple votes

• No vote

• One share one vote

What is the minimum number of members which are required to form a cooperative society?

• 2

• 7

• 10

• 20

The membership of this form of business organization is open to all those who have common interest

Partnership

• Joint Stock Company

• Partnership

• Cooperative societies

• Joint Hindu family

Two disadvantages of a sole trader are

• Unlimited liability

• Limited liability

• When the owner dies the business dies

• Decisions are made faster

A credit union is an example of

• A sole trader

• Partnership

• Private Limited Company

• Cooperative

The Karta in Joint Hindu Family Business has_____

• Limited Liability
• Unlimited Liability
• No Liability
• None Of The Above

In what type of business organization is each owner personally liable for all business debts, even if the debts were created by other owners?

• corporation
• partnership
• proprietorship
• S corporation

Which of the following is an advantage of a partnership?

• Unlimited Liability
• Arguments
• Shared responsibility
• Less investors

In a cooperative society, the principle followed is:

• one share one vote
• one man one vote
• no vote
• multiple votes

The head of joint hindu family business is called

• Director
• Manager
• Proprietor
• Karta