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Chapter 5 BUSINESS ORGANIZATION MCQs

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1. .1 Sole proprietorship business is suitable for?





2. .2 Anyone can start sole proprietorship business:





3. .3 In sole proprietorship, capital is:





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





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





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





7. .7 Life of sole proprietorship business is:





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





9. .9 Partnership business is formed under act:





10. .10 Liability of partners in partnership is:





11. .11 Minimum number of partners in partnership:





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





13. .13 Registration of partnership is legally:





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





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





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





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





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





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





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





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





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





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





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





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





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





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





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





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





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





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