Co-operative society can be started
only in villages
in towns and villages
only in cities
only in state capitals
Which one of the following share is decided by the amount of money each partner has contributed to the business?
Profit
Land
Labours
Capital
Which of the following is NOT the merit of partnership?
Balanced decision making
More funds
Possibility of conflicts
Secrecy
The co-operatives are based on the principles of
each for all and all for each
each for something
each for every body
each for one only
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
Land includes
Heat
Air
Light
All of the above
The members of the private limited company have
Limited liability
Unlimited liability
High liability
Very high liability
Which one of the following company has unlimited participation?
Private limited company
Public limited company
Joint stock company
Multinational Company
The partnerhsip has
Which of the following is NOT the characteristic of sole proprietorship?
Single ownership
One man control
Whole profit to proprietorship
Non-flexibility
