Forms of Business Organisations Test

Result

Forms of Business Organisations Test - 61

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Weekly Quiz Competition

Question 1
1 / -0

Identify the limitation of sole trading concern from the following.

A
Sense of accomplishment

B
Ease of formation and closure

C
Limited liability

D
Decision making may not be balanced in all the cases.

Solution

The main disadvantages to being a sole proprietorship are: Unlimited liability: Your small business, in the form of a sole proprietorship, is personally liable for all debts and actions of the company. Unlike a corporation or an LLC, your business doesn't exist as a separate legal entity.
Question 2
1 / -0

A 'Co-parcener' is one who is _________ .

A
An active member of a partnership

B
A member of a Joint Hindu Family Firm

C
A member of Joint Stock Company

D
A member of co-operative society
Question 3
1 / -0

Transfer of business includes __________.

A
Sale

B
Lease

C
License

D
All the above

Solution

Option D is the correct answer.
Question 4
1 / -0

Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as ____________________.

A
cumulative average time learning model

B
cumulative mean learning model

C
cumulative weighted learning model

D
cumulative average pricing model

Solution

Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as cumulative average time learning model. The cumulative average time learning curve represents the fact that the time spent to increase the production at a double rate.
Question 5
1 / -0

Who among the following is an eligible investor in Sovereign Gold Bonds(SGBs)?

A
Individuals

B
HUFs

C
Trusts

D
Universities

Solution

Option B is the correct answer.
Question 6
1 / -0

The most numerous form of business ownership in the United States is the:

A
partnership

B
subchapter S corporation

C
sole survivorship

D
sole proprietorship

Solution

A Sole Proprietorship consists of one individual doing business. Sole Proprietorships are the most numerous form of business organization in the United States, however, they account for little in the way of aggregate business receipts.
Therefore, D is the correct answer.
Question 7
1 / -0

It is true that.

A
formal organizations are the same as institution

B
formal organizations are based on groups of people

C
institutions are groups of people

D
institutions are voluntary

Solution

Option B is the correct answer.
Question 8
1 / -0

Which one of the following is not a feature of Limited Liability Partnership firm?

A
Partners should be less than $$20$$

B
Partnership and management need not be separate

C
Internal governance may be decided by mutual agreement among partners

D
It is a corporate body with perpetual succession

Solution

Option A is the correct answer.
Question 9
1 / -0

The swap arrangement where principal amounts are not exchanged, but periodical payments will be a _______________.

A
Currency swap

B
Cross currency interest swap

C
Interest rate swap

D
Non-Financial swap

Solution

The swap arrangement where principal amounts are not exchanged, but periodical payments will be a interest rate swap. According to the finance terms, an interest rate swap can be referred to an interest rate derivative. It involves exchange of interest rates between two parties.
Question 10
1 / -0

In $$1981, 7$$ engineers in Pune , Founded the following company

A
L & T

B
Infosys

C
Wipro

D
TCS

Solution

A) L & T: Larsen & Toubro Limited, (L & T) is founded on $$7^{th}$$ February $$1983$$.
Founders of L & T are Henning Holck-Larsen and Soren Kristian Toubro.

B) Infosys: Infosys is founded on $$7^{th}$$ July $$1981$$.
Infosys was founded by $$7$$ Engineers
1) N.R Narayana Murthy
2) Nandan Nilekani
3) S. Gopala Krishnan
4) S.D. Shibulal
5) K. Dinesh
6) N.S. Raghavan
7) Ashok Arora.

C) Wipro: Wipro is founded on $$29^{th}$$ December $$1945$$ founder of Wipro is Mohamed Premji.

D) TCS: Tata Consultancy Services (TCS) is founded in $$1968$$. Founder of TCS Tata Sons.

So, from the above we can say that, In $$1981, 7$$ engineers in Pune founded Infosys.

$$\therefore $$ Option B. Infoysys is correct answer.

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Re-Attempt Weekly Quiz Competition

Forms of Business Organisations Test - 61

Result

Forms of Business Organisations Test - 61

Score

-

Rank

-

SHARING IS CARING

Question 1

Sense of accomplishment

Ease of formation and closure

Limited liability

Decision making may not be balanced in all the cases.

Solution

Question 2

An active member of a partnership

A member of a Joint Hindu Family Firm

A member of Joint Stock Company

A member of co-operative society

Question 3

Sale

Lease

License

All the above

Solution

Question 4

cumulative average time learning model

cumulative mean learning model

cumulative weighted learning model

cumulative average pricing model

Solution

Question 5

Individuals

HUFs

Trusts

Universities

Solution

Question 6

partnership

subchapter S corporation

sole survivorship

sole proprietorship

Solution

Question 7

formal organizations are the same as institution

formal organizations are based on groups of people

institutions are groups of people

institutions are voluntary

Solution

Question 8

Partners should be less than $$20$$

Partnership and management need not be separate

Internal governance may be decided by mutual agreement among partners

It is a corporate body with perpetual succession

Solution

Question 9

Currency swap

Cross currency interest swap

Interest rate swap

Non-Financial swap

Solution

Question 10

L & T

Infosys

Wipro

TCS

Solution

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