11th Class Business Studies Forms Of Business Organisation Question Bank

done Forms Of Business Organisation (Higher) Total Questions - 18

• question_answer1)
  X is interested in the floatation of a company. Briefly discuss the steps he should take.
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• question_answer2)
  Distinguish between Joint Hindu Family Business and Partnership.
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• question_answer3)
  Explain the factors which affect the choice of form of business organization.
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• question_answer4)

  Which form of business is suitable for following types of business and why?

  (a) Beauty Saloon

  (b) Garments shop

  (c) Garment Factory

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• question_answer5)
  Differentiate between a Joint Stock Company and a Cooperative Society.
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• question_answer6)
  How is a partnership firm different from a sole proprietorship?
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• question_answer7)
  What is the objective behind one person company concept?
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• question_answer8)
  Explain the features of one Person Company.
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• question_answer9)

  Mahika is a sole proprietor. She started with a beauty parlour in 2003. It was a successful venture and over the years, she opened five branches in the vicinity. She herself is taking care of all the branches. She dedicates one day in a week to all branches. However, she has branch manager for each branch but she feels that handling so many branches alone has started reducing performance of the organization. She feels that she needs to change form of organization.

  (a) Identify two benefits of remaining a sole proprietor.

  (b) Mention one form of business that is most suitable to her.

  (c) Identify two advantages of the organization identified in part b.

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• question_answer10)
  X, Y and z are partners in a firm. X makes use of firm's money to buy shares without disclosing it to Y and Z. Which value is being violated by X and what will the treatment of profit earned by X?
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• question_answer11)
  A, B and C are partners. They are into a business of exports and imports. They earned a profit of Rs10,00,000 in year 2016-17. They decided to give 10% of the profits to a blind children orphanage home. They also decided to distribute defective clothes to poor people free of cost. Identify the values that are being followed by the firm.
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• question_answer12)

  Anju and Manju are two partners who are running a coaching centre. Manju is a dominating person and never gives importance to suggestions of Anju. She feels that her decision making is far better and Anju must follow what she decides. It led to disputes between them and finally Manju decided to quit and it led to dissolution of partnership.

  (a) Identify two limitations of partnership reflected in above case.

  (b) Identify two values that are missing.

  (c) Identify the form of business suitable for people like Manju.

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• question_answer13)

  Ananya wants to start a business. She shares with her friend Tanvi that she is willing to start a business but she does not want to take too much risk. It should not happen that in case business fails, creditors start creating problems in her personal life by attacking on her personal property that she had even before starting this business. If her standard does not improve due to business, at least it should not get degraded.

  (a) Which form of business is most suitable for Ananya and why?

  (b) Are there any limitations of this form of business? Explain any two.

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• question_answer14)

  A minor wants to do some economic activity as he has lost his parents. No one is giving him job as child labour is banned. He has no source of income and there is no guardian who can take care of him.

  (a) Which economic activity can he get engaged in for his survival?

  (b) Explain the limitations of law of child labour in the light of above case.

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• question_answer15)

  X, Y and Z are partners. They are engaged in catering business. Whenever someone approaches Mr. X for a catering contract, he does not declare it to other partners and manages to handle it alone so that he can enjoy all profits. Gradually, he becomes very well off. He starts a joint stock company which organizes events for corporate. He withdraws himself from partnership and Y and Z continue to do their business.

  (a) Which feature of partnership is highlighted in above case?

  (b) Which values are lacking in Mr. X?

  (c) What action can Mr. Y and Mr. Z take against Mr. X?

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• question_answer16)

  There is an organization comprising of 10 members. It has separate legal entity and perpetual succession. In this each member has one voting power irrespective of his contribution in total capital.

  (a) Which form of organization it is?

  (b) Identify three features of this form of organization from the paragraph given below.

  (c) Explain two limitations of this form of organization.

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• question_answer17)

  A, B and C are three partners. They started with a business of transportation. They had good understanding so they had an oral partnership deed. They did not bother to register their firm as well. They had to collect a payment of Rs. 4,00,000 from a client who was not doing it.

  (a) Can they file a suit against him? Why or why not?

  (b) Explain the impact of non registration of a partnership firm

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• question_answer18)

  Anu and Menu are two friends. Anu claims that Joint Hindu family business is also like partnership but the difference is partners are members of same family. Menu claims it to be false and says that there are many other differences.

  (a) Who of the two is right?

  (b) Clarify the difference between partnership ad joint Hindu family business, if any.

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