Types of Businesses MCQs
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MCQs 1 to 10
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Which of these characteristics does not apply to partnership?
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Company with single taxation is called?
Correct!
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Which of the following business entity is collectively known as firm?
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A large organization with separate legal status is known as?
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The Maximum number of banking partners can be fixed at the following?
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Which of the following enjoys the benefit of limited liability?
Correct!
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All of the form of business organizations except?
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Which of the following is a benefit of the corporate form of business?
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Which of the following business has the burden of unlimited liability?
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Wrong!
Organizations which combine the limited liability advantage of a partnership are called as?
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Types of Business (1-10)
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MCQs11 to 20
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Which of the following are the owners of a partnership business?
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The partnership format might be useful to the owners of a small business in order to?
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Which of the following is true about a partnership?
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Organizations which combine the limited liability advantage in sole ownership are called?
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A _______________ business is one in which income is generated by the resale of produced product?
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Which of the following is/are true about the sole trader form of business?
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In which type of a business, the owner and his business are not considered same in the eyes of law?
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What is the meaning of the word ‘limited’ in the name of a limited company?
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Which of the following forms of business does not protect owners from business creditors?
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Which of the following documents contains offer to subscribe shares?
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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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