Question # 1

The most important document of Joint stock company is

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Prospectus

Memorandum of Association

Articles of Association

Certificate of Commencement

A person who takes part in economic activities to earn the profit is called

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Businessman

Industrialist

Professional

Banker

Change in memorandum of association is possible by

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Shareholders

Promoters

Government

Directors

Through advertisement new goods are

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Produced

Sold

Introduced

Spoiled

In sole proprietorship the capital is

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Limited

Depends upon sources of the owner

Unlimited

None of these

In partnership business decisions are made:

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With the consultation of all the partners

By only active partners

According to the conditions of partnership deed

According to the business conditions

Which business organization can sale its shares to public:

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Partnership

Private Limited Company

Sole proprietorship

Public Limited Company

The kind of human activities are

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Three

Four

Two

Five

Two components of business are

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Industry and trade

Profit and loss

Commerce and industry

Trade and commerce

The persons who take part in the formation of the joint stock company are called

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Promoters

Shareholders

Directors

Debenture holders

Sole proprietorship is the

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Old form of business organization

Developed form of business organization

Modern form of business organization

Obsolete form of business organization

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