1) Amul is an example of ____________ a) Partnership b) Cooperative society c) JSC d) HUF 2) In a cooperative society, persons ______________to fulfill a common motive. a) Volunatrily come together b) Forced to come together 3) Voting power is a feature of ________________ business a) Sole trader b) partnership c) HUF d) Cooperative society 4) A joint stock company is divided into ___________ a) Pizza  b) Shares 5) In JSC, people can invest money in the company in exchange for shares. They are known as _______________________ a) Members b) Shareholders. 6) Separate Legal Entity means _______________ a) An organisation is different than its owners b) organization is same as owners 7) If a shareholder dies does JSC shut down? a) Yes b) No 8) In JSC, Liability is ______________ a) Limited b) Unlimited 9) Private company sell shares to _______________ a) Everyone b) Only friends and family 10) There are large number of shareholders in _______________ company a) Public b) Private

MS PREP BS- CHAP 4 REVIEW

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