CBSE Class 11 Business Studies Forms of Business Organisation Worksheet Set B

FORMS OF BUSINESS ORGANISATIONS

→ Answer in one sentence (1 or 2 marks each)

1. What do you mean by sole proprietorship?

2. Define partnership.

3. What is a ‘Joint stock company’?

4. Who is a ‘partner by estoppel’?

5. Who is a promoter?

6. Distinguish between preliminary contracts and provisional contracts.

7. What are qualification shares?

8. What do you mean by minimum subscription?

9. Mention the different clauses of Memorandum of Association.

10. Differentiate partnership and joint stock Company on the basis of liability.

→  Answer in around 75 words (3 or 4 marks each)

1. ‘If registration is optional, why do partnership firms willing go through this legal formality and get themselves registered? Explain.

2. Explain the following terms: a) Artificial person b) Perpetual succession c) Common Seal.

3. What is the effect of conclusiveness of the ‘Certification of incorporation’ and Commencement of business’.

4. Explain the steps taken by a promoter of a company.

5. Explain technical, financial and economic feasibility studies.

6. Explain the concept of public sector and private sector.

7. Describe departmental undertaking with its features.

8. Write four measures to improve the public enterprises.

9. Elaborate the merits and limitations of a government company.

10. Why is government company form of organisation preferred to other types in the public sector?

→ Answer in around 150 to 200words (5 or 6 marks each)

1. What re the benefits of entering into joint ventures?

2. Compare the merits and demerits of departmental undertakings.

3. What was the role of public sector before 1991?

4. Why global enterprises are considered superior to other business organisation?

5. Write a note on changing role of public sector.

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