Tag: elements of business

Questions Related to elements of business

Rajeev is a member (a type of owner) of a marine supply business with many shareholders.
Rajeevs business is __________.

elements of business joint stock company - formation meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. a sole proprietorship.

  2. a limited liability partnership.

  3. a limited liability company.

  4. a general partnership.

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Correct Option: C

Minimum no. of directors in case of private company is ________.

elements of business joint stock company - formation meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. 1

  2. 2

  3. 3

  4. 4

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Correct Option: B

Select out the feature which is NOT found in a private limited company?

elements of business joint stock company - formation meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Raising capital for the business is easier

  2. Shares can be bought and sold on the Stock Exchange

  3. Subscribers of the business have limited liability

  4. The business continues after the death of shareholders

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Correct Option: B

Which of the following statements about most public limited companies is true?

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. They are owned and controlled by the employees

  2. They are owned by the directors but controlled by the shareholders

  3. The are owned by shareholders but controlled by directors

  4. They are owned and controlled by the promoters

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Correct Option: B

Which of the following statements suits best to private limited company?

elements of business joint stock company - formation meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. It is owned by the government

  2. It is owned by shareholders who can sell their shares in the Stock Exchange

  3. It is formed for the benefit of society at large

  4. Its accounts can be kept private and it receives little coverage in the business

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Correct Option: D

Out of these which statement is true?

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Both private and public companies need one director

  2. Private companies need two directors but public companies need 3

  3. Private companies need one directors but public companies need two

  4. Both private and public companies need two directors

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Correct Option: A

By EXIM policy we mean _____________________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. external and internal policy

  2. export-import policy

  3. extra import policy

  4. none of the above.

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Correct Option: B

Strategy that is adopted when the company is performing poorly or when it no longer fits the company's strategic profile is known as ____________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. divestment strategy

  2. liquidation strategy

  3. transformation strategy

  4. turnaround strategy

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Correct Option: A

The method of advertising for vacancies internally by posting a notice of the opening on bulletin board, etc. is known as ___________.

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Job posting

  2. Job enlargement

  3. Job bank

  4. Job description

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Correct Option: A

In the words of " _______ "a public Corporation is an organization that is clothed with the power  of the government, but is possessed with the flexibility and initiative of private enterprise."

elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

  1. Roosevelt

  2. Schumpeter

  3. Prof. Robson

  4. Ronaldo

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Correct Option: A