11th Class Business Studies Forms Of Business Organisation Question Bank Forms Of Business Organisation (Short)

  • question_answer
    For which of the following types of business do you think a partnership firm of organization would be more suitable, and why?
    (i) Grocery store
    (ii) Medical store
    (iii) Legal consultancy
    (iv) Craft centre
    (v) Internet café
    (vi) Chartered accountancy firm


    Ans.     For legal consultancy and chartered accountancy firm, partnership, firm will be more suitable because it has:
    1. Ease of formation and closure
    2. Balanced decision-making
    3. More funds
    4. Sharing of risks
    5. Maintain secrecy

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