Types of Businesses MCQs



 MCQs 1 to 10

 

1. The Maximum number of banking partners can be fixed at the following?

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2. Which of the following is a benefit of the corporate form of business?

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3. Company with single taxation is called?

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4. Which of the following enjoys the benefit of limited liability?

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5. A large organization with separate legal status is known as?

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6. Which of these characteristics does not apply to partnership?

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7. Organizations which combine the limited liability advantage of a partnership are called as?

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8. All of the form of business organizations except?

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9. Which of the following business has the burden of unlimited liability?

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10. Which of the following business entity is collectively known as firm?

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Types of Business (1-10)
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MCQs11 to 20

 

11. Organizations which combine the limited liability advantage in sole ownership are called?

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12. The partnership format might be useful to the owners of a small business in order to?

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13. Which of the following is true about a partnership?

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14. What is the meaning of the word ‘limited’ in the name of a limited company?

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15. A _______________ business is one in which income is generated by the resale of produced product?

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16. Which of the following is/are true about the sole trader form of business?

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17. Which of the following documents contains offer to subscribe shares?

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18. Which of the following are the owners of a partnership business?

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19. In which type of a business, the owner and his business are not considered same in the eyes of law?

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20. Which of the following forms of business does not protect owners from business creditors?

Correct! Wrong!

Types of Business (11-20)
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References

Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.

Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.

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