Which one of the following people are those who work for the company and are paid for their work in the private and public limited company?
Board of Directors
Managers
Proprietors
Employers
Which of the following is NOT the merit of partnership?
Balanced decision making
More funds
Possibility of conflicts
Secrecy
Which one of the following are considered as the owners of the company who can raise money to start the business by selling shares?
Partnership
Proprietor
Joint Stock Company
Co-operatives
Which one of the following is the limitation of sole trade?
Limited liability
Unlimited liability
Sense of accomplishment
Direct incentive
The members of the private limited company have
High liability
Very high liability
Returns to scale occur;
in the long run
when all inputs are increased
when the increase in inputs is in the same proportion
all of the above
The person who manages sole trading concern is known as
Partner
Sole trader
Karta
Stock brocker
The agreement of partnership
Must be oral
Must be in writing
Must be written on stamp paper
Can be either oral or in writing
Persons who enter into partnership with one another are called
Partners
Co-partners
individuals
Any one who holds or buys a share in a company is called
Share holder
