Why is partnership considered by some to be a relatively unpopular form of business ownership? Explain the merits and limitations of partnership.

5

(a)

Discuss the characteristics, merits and limitations of the cooperative form of organization. Also describe briefly different types of cooperative societies.

5

(a)

Distinguish between a Joint Hindu family business and partnership.

5

(a)

Explain different types of partners.

5

(a)

Explain meaning, features, merits and demerits of partnership firm.

5

(a)

X is interested in the floatation of a company. Briefly discuss the steps he should take.

5

(a)

Distinguish between Joint Hindu Family Business and Partnership

5

(a)

Differentiate between a Joint Stock Company and a Cooperative Society.

5

(a)