This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Business Studies > Class 11 Business Studies Chapter 2 Forms Of Business Organisation – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 14 (33 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A producer that mines coal is a(n) A) Manufacturer. B) Wholesaler. C) Extractor. D) Retailer. Show Answer Correct Answer: C) Extractor. 2. Which of the following is an advantage of a Franchise? A) A nationwide network that had a respected product, a deep product line, excellent quality standards, nationwide advertising, and professional advice whenever needed. B) The ease of raising financial capital through stocks, bonds, and loans. C) The ease of management between two or more partners. D) The limited liability protection of a person's assets if the company fails. Show Answer Correct Answer: A) A nationwide network that had a respected product, a deep product line, excellent quality standards, nationwide advertising, and professional advice whenever needed. 3. What is a disadvantage of public enterprises if they do not make a profit? A) They become more efficient. B) They earn more revenue. C) They shut down. D) They rely on taxpayer money. Show Answer Correct Answer: D) They rely on taxpayer money. 4. Which of the following is not a clause of a memorandum of association? A) Object clause. B) Name clause. C) Director clause. D) Capital clause. Show Answer Correct Answer: C) Director clause. 5. To earn a profit, a person or organization needs management ..... to plan, organize, and control the activities of the business A) Skills. B) Information. C) Documents. D) None of the above. Show Answer Correct Answer: A) Skills. 6. No capital Investment is needed for ..... A) Business. B) Profession. C) Employment. D) All of these. Show Answer Correct Answer: C) Employment. 7. There is separation of ownership from management in this form of business A) Sole proprietorship. B) Partnership. C) Joint Hindu family. D) Joint stock company. Show Answer Correct Answer: D) Joint stock company. 8. A company inviting funds from general public must conceal any material information from potential investors. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 9. HUF is ..... successive generation can be members in the business. A) 1. B) 3. C) 4. D) 2. Show Answer Correct Answer: B) 3. 10. Multinational companies operate in A) Only one country. B) Only in foreign countries. C) Morethan one country. D) None of the above. Show Answer Correct Answer: C) Morethan one country. 11. In which type of Partnership, Registration of firm is compulsory? A) General Partnership. B) Limited Partnership. C) Particular Partnership. D) Unlimited Partnership. Show Answer Correct Answer: B) Limited Partnership. 12. Only the Karta has unlimited liability. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 13. Which of the following is not a feature of the company? A) Artificial Person. B) Perpetual succession. C) Oligarchic management. D) Separate legal entity. Show Answer Correct Answer: C) Oligarchic management. 14. Which of the following is an advantage of a sole proprietorship? A) Ease of starting a business. B) (b) being your own boss. C) (c) pride of ownership. D) (d) all of the above. Show Answer Correct Answer: D) (d) all of the above. 15. In which form of business organisation the confidence of the public is generally low? A) Sole Proprietorship. B) Joint Stock Company. C) Partnership. D) Cooperative Society. Show Answer Correct Answer: C) Partnership. 16. Identify the liability of Minor in Joint Hindu Family Business. A) Limited. B) Unlimited. C) All the above. D) None of the above. Show Answer Correct Answer: A) Limited. 17. Which is NOT a feature of Co-operative societies A) Limited liability. B) Voluntary membership. C) Autocratic member control. D) Seperate legal status. Show Answer Correct Answer: C) Autocratic member control. 18. Which document is called as the Doctrine of Indoor Management? A) MOA. B) AOA. C) All the above. D) None of the above. Show Answer Correct Answer: B) AOA. 19. What is a disadvantage of public corporations? A) High motivation due to profit objectives. B) No competition leading to inefficiency. C) High costs of operation. D) Limited services provided. Show Answer Correct Answer: B) No competition leading to inefficiency. 20. In partnership responsibility of members are limited. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. A public company can commence its business immediately after receiving the certificate of incorporation A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 22. Which bill entitles women to have equal share in ancestral property of HUF? A) Hindu Succession Act, 1956. B) Hindu Succession (Amendment) Bill, 2005. C) Hindu Succession Act, 2006. D) None of the above. Show Answer Correct Answer: B) Hindu Succession (Amendment) Bill, 2005. 23. The maximum numbers of parteners allowed in sectors other than bank is ..... A) 20. B) 10. C) 30. D) 15. Show Answer Correct Answer: A) 20. 24. The most important protection given by law to shareholders of a limited company is: A) Rights to receive subsidies. B) Limited liability. C) Immunity from being sued. D) Enhanced employment rights. Show Answer Correct Answer: B) Limited liability. 25. What is a key advantage of a Company? A) More capital to run the business. B) Unlimited liability. C) No need for registration. D) No profits to share. Show Answer Correct Answer: A) More capital to run the business. 26. What are the benefits of buying a franchise? A) Brand recognition, established business model, training and support from the franchisor, and potential for higher success rate. B) Joining fees to establish the business, terms and conditions to be followed by the franchisee. C) No brand recognition, no training support from the franchisor. D) No established business model. Show Answer Correct Answer: A) Brand recognition, established business model, training and support from the franchisor, and potential for higher success rate. 27. 'One man control is the best in the world if that man is big enough to manage everything' is A) Sole Proprietor. B) Joint Hindu Family business. C) Sole Proprietorship business. D) Karta. Show Answer Correct Answer: C) Sole Proprietorship business. 28. Private Sector Enterprise are organizations owned by? A) Q.6)PSE's are organizations owned by? *Private Entrepreneurs *Foreign Companies. B) Joint Hindu Family. C) Government. D) Private Entrepreneurs. Show Answer Correct Answer: D) Private Entrepreneurs. 29. These are run by the government. A) Public sector companies. B) Private sector companies. C) All the above. D) None of the above. Show Answer Correct Answer: A) Public sector companies. 30. Which of the following is NOT a key feature of MNCs? A) A large amount of assets, including both capital and money. B) Access to highly qualified managers and professionals. C) Limited influence over government decision making. D) An ability to exploit economies of scale and lower average costs with expansion. E) Significant advertising and marketing budgets. Show Answer Correct Answer: C) Limited influence over government decision making. 31. Business organizations exist solely for their own profit and do not consider societal well-being. A) A. True. B) B. False. C) All the above. D) None of the above. Show Answer Correct Answer: B) B. False. 32. Which one is FALSE in respect of a public company A) Prohibition on making public subscription of shares capital. B) Free transferability of shares. C) Can isuue capital to the public. D) Minium number of directors is 3. Show Answer Correct Answer: A) Prohibition on making public subscription of shares capital. 33. The maximum number of members is unlimited in Joint Hindu Family Firm A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← PreviousRelated QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 1Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 2Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 3Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 4Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 5Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 6Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 7Class 11 Business Studies Chapter 2 Forms Of Business Organisation Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books