Forms of Business Organisation Quiz
Ready to take the quiz?
Test takers will enter name and email before starting.
Preview questions
1. What is the main characteristic of a sole proprietorship?
Limited liability · Single ownership · Joint decision-making · Unlimited lifespan
2. Which form of business organization has a separate legal entity?
Sole proprietorship · Partnership · Joint Stock Company · Cooperative Society
3. In a partnership, the maximum number of partners allowed is:
20 · 10 · 50 · 5
4. Which of the following is a disadvantage of a sole proprietorship?
Easy to set up · Complete control · Unlimited liability · Direct taxation
5. What is a key feature of a joint stock company?
Limited liability · Single ownership · No legal status · Unlimited lifespan
Related quizzes
View all Business StudiesBusiness Studies Quiz - Private, Public and Global Enterprises
Private, Public and Global Enterprises
Business Studies Quiz - Private, Public and Global Enterprises
Private, Public and Global Enterprises
Internal Trade Quiz - Class XI Business Studies
Internal Trade
Sources of Business Finance - Class XI Quiz
Sources of Business Finance
International Business Quiz - Class XI
International Business
Internal Trade Quiz - Class XI Business Studies
Internal Trade