Self Studies

Forms of Busine...

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  • Question 1
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    A form of licensing in which a firm provides its foreign franchisee with a complete assortment of materials and services is known as _________.

  • Question 2
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    The form of business organisation in which there is separation of ownership  and management is called _______.

  • Question 3
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    The amount received by a partnership firm from the insurance company on the maturity of a Joint Life Policy taken by the firm will be distributed amongst the partner ___________.

  • Question 4
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    Which of the following enjoys separate legal entity status?

  • Question 5
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    The _________ is responsible for doing all acts, matters and things as are required to be done by LLP as per the Act.

  • Question 6
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    A Model Form of Articles contained in Table "F" relates to a Company Limited by ________________.

  • Question 7
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    The maximum number of partners in partnership firm is determined by__________.

  • Question 8
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    Each Partner in a firm is in the position of ________.

  • Question 9
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    M, is employed by PQR Bros., a Partnership Firm. M is entitled to remuneration of Rs. 40,000 p.m. plus 12% on the Profits of the Firm, if profits exceed Rs.10 Lakhs. Here ___________.

  • Question 10
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    When no ratio of sharing of profits and losses are given, then profit and losses is shared ________.

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