Chapter 5 BUSINESS ORGANIZATION MCQs

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1. . Sole proprietorship business is suitable for?





2. . Anyone can start sole proprietorship business:





3. . In sole proprietorship, capital is:





4. . Economic activities whose purpose is to earn profit is called:





5. . Sole proprietorship is ………type of business:





6. . Minimum number of partner(s) in sole proprietorship business is/are?





7. . Life of sole proprietorship business is:





8. . In sole proprietorship, the relationship of sole proprietors with customers are:





9. . Partnership business is formed under act:





10. . Liability of partners in partnership is:





11. . Minimum number of partners in partnership:





12. . Distribution of profit/loss in partnership is made:





13. . Registration of partnership is legally:





14. . Maximum number of partners in banking system under partnership is:





15. . By the death of any partner, business will be:





16. . Joint Stock Company is formed under …………..act in Pakistan.





17. . A joint stock company is a voluntary association of individuals for?





18. . Liability of shareholders is…………….. in joint stock company?





19. . Shares of public limited company are ………. ?





20. . Minimum number of partners/shareholders in a public limited company as per act 2017 are?





21. . Minimum number of partners/shareholders in a private limited company are?





22. . Maximum number of shareholders in a public limited company?





23. . Minimum number of promotors in a public limited company?





24. . Minimum number of promotors in a private limited company?





25. . A document through which general public is offered to buy shares of the company is called?





26. . A document which is prepared for guidance of public outside the company is called?





27. . A document which is prepared for rules and regulation for smoothly running internal matters of the company is called?





28. . A company which cannot start its business without certificate of commencement of business is called?





29. . A company which can start its business without certificate of commencement of business is called?





30. . Public limited company and private limited company are the types of?





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