1.

Complete the sentences :(i) A business that is owned and managed by one person is called as ________(ii) A company incorporated outside India, but having a place of business in India is called ________(iii) An organization in which management is based on democratic nature and ‘One member One vote’ is called as _______(iv) A feature of Joint Stock company, by which member can sell shares as and when he desires, called as _______(v) A business organization owned and manages by family members is called ________(vi) A business organization owned and manages by two or more person collectivity is called as ________

Answer»

(i) Sole Trading Concern

(ii) Foreign company

(iii) Co-operative society

(iv) transferability of shares

(v) Joint Hindu Family Business

(vi) Partnership firm



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