What do you understand by a sole proprietorship firm? Explain its merits and limitations

5

(a)

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)

Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organization. Why?

5

(a)

What do you mean by incorporation of a company? What are the steps involved in corporation of a company?

5

(a)

Explain different types of partners.

5

(a)

Explain meaning, features, merits and demerits of joint stock company

5

(a)

Explain the meaning, features, merits and demerits of cooperative society.

5

(a)

Explain the factors which affect the choice of form of business organization.

5

(a)