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Questions and Answers
What were the two forms of business associations in England during the 14th century?
What were the two forms of business associations in England during the 14th century?
- Limited liability and Unlimited liability
- Monopoly and Partnership
- Guilds and Royal Charters
- Commenda and Societas (correct)
In the 16th century, what did the Royal Charters grant to members of the Company?
In the 16th century, what did the Royal Charters grant to members of the Company?
- Ownership of the trading company
- Limited liability for trade activities
- Exclusive rights to individual trade
- Monopoly of trade over a certain territory (correct)
What was the East India Company's role in trade in India?
What was the East India Company's role in trade in India?
- It had a monopoly of trade in India (correct)
- It established partnerships with Indian traders
- It focused on individual trade activities
- It was solely involved in overseas trading
What did the 1844 Joint Stock Companies Act in England provide for the first time?
What did the 1844 Joint Stock Companies Act in England provide for the first time?
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What was the main difference between 'Commenda' and 'Societas'?
What was the main difference between 'Commenda' and 'Societas'?
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