Forms of Business Organisation - Class XI Quiz
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Preview questions
1. Which form of business organisation is owned and managed by a single individual?
Partnership · Sole Proprietorship · Company · Cooperative Society
2. In which form of business organisation do two or more individuals manage the business?
Sole Proprietorship · Partnership · Joint Stock Company · Cooperative Society
3. What is the main advantage of a sole proprietorship?
Limited liability · Complete control · Access to capital · Shared decision-making
4. Which of the following is a disadvantage of a partnership?
Shared profits · Limited liability · Ease of formation · Flexibility in management
5. A company is characterized by which of the following?
Unlimited liability · Limited liability · Single ownership · Informal structure
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