Forms of Business organisation

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Name of the Subject.

Date of the Exam.

The head of the family, in Hindu Undivided family is called ---------------.

The most important document used in partnership business is.................... .

What is a business owned and operated by two or more people?

• Sole Proprietorship
• Partnership
• Corporation

Disadvantages include limited life and
the potential for conflict between partners

• Sole Propriotorship
• Partnership
• Corporation

A ...........partner is one whose association with the firm is unknown to the general public.

• Active

• Sleeping

• Secret

• Nominal