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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

    Answer:

    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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