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Questions and Answers
Which of the following is NOT a form of business organization discussed in Chapter 2 of class 11th commerce?
Which of the following is NOT a form of business organization discussed in Chapter 2 of class 11th commerce?
- Partnership
- Sole proprietorship
- Corporation
- Limited liability company (correct)
Which form of business organization involves a single owner who has unlimited liability for the business's debts?
Which form of business organization involves a single owner who has unlimited liability for the business's debts?
- Sole proprietorship (correct)
- Limited liability company
- Partnership
- Corporation
Which form of business organization offers limited liability to its owners and is considered a separate legal entity from its owners?
Which form of business organization offers limited liability to its owners and is considered a separate legal entity from its owners?
- Partnership
- Corporation (correct)
- Limited liability company
- Sole proprietorship
