Self Studies

Forms of Busine...

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  • Question 1
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    Physical verification of fixed assets is the primary responsibility of the___________.

  • Question 2
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    Partnership is a form of business organisation in which business debts can be recovered from 

  • Question 3
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    A firm has these characteristics: it is involved in the manufacture of custom built machinery, its products have shorter life span, the products are processed through different specialists, and the products have a rigid time schedule to be met. In such a circumstance, which one of the following would be the form of organisation best suited to achieve the objectives?

  • Question 4
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    Match List I with List II and select the correct answer using the codes given below the lists.

    List IList II
    A.Cooperative society1.Collective business
    B.Joint Hindu Family2.Purchase/Transfer of share
    C.Joint stock company3.By virtue of birth
    D.Partnership firm4.Common mutual interest
    5.Mutual contract

  • Question 5
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    While calculating the net present value under discounted cash flow method of return on investment analysis, the calculations involved are 1. Cash outflow
    2. Discounted net cash flow
    3. Cash inflow
    4. Net present value
    The correct sequence of these calculations is

  • Question 6
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    Conversion of shares of a smaller denomination into shares of a bigger denomination is called

  • Question 7
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    A nominal partner.

  • Question 8
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    Gains on the sale of fixed assets that are not for sale in the ordinary course of business are known as _________________.

  • Question 9
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    The maximum number of partners for a firm carrying on banking business is _________.

  • Question 10
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    Vertical combination helps to _____________________.

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