11th NCERT Business Studies Chapter 2
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– Partnership merits and limitations: Partnership is discussed as a form of business ownership, highlighting its merits, limitations, and the factors influencing its popularity【4:0†source】.
– Importance of choosing an appropriate form of organization: The chapter discusses the significance of selecting the right form of organization and the factors that influence this decision【4:0†source】.
– Characteristics and types of cooperative societies: The characteristics, merits, limitations, and various types of cooperative societies are described in detail【4:0†source】.
– Comparison between Joint Hindu family business and partnership: The chapter explains the differences between a Joint Hindu family business and a partnership【4:0†source】.
– Reasons for preferring sole proprietorship despite limitations: Despite limitations in size and resources, many individuals choose sole proprietorship over other forms of organization; the reasons behind this choice are explored【4:0†source】.
What are the major advantages of a cooperative society?
Explain the key limitations of a company form of organisation.
What is the difference between a private company and a public company?
Explain the factors that need to be considered while choosing the suitable form of organisation for a business.
What is meant by 'partners by estoppel'?
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