Which of the following statements about Partnership Firm are correct?
- Management of a Partnership Firm is typically handled by Partners
- It enjoys limited liability.
- Documentation is low
AAll
B1, 3
C3 only
D1 only
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Related Questions:
Which statements are correct about Private Limited Company ?
- It is governed by the Companies Act 2003
- It has a separate legal entity and limited liability.
- Its documentation requirements are the lowest among all forms.
Which of the following statements is/are correct regarding the differences between public and private sector organisations?
i. Public sector jobs are more stable due to low risk of termination for non-performance.
ii. Private sector promotions are primarily based on seniority.
iii. Public sector capital is sourced from taxes and government bonds.
iv. Private sector organisations operate in industries opened up by the New Economic Policy of 1991.
Consider the following statements about the employment benefits in public and private sector organisations:
i. Public sector organisations offer job security and retirement benefits.
ii. Private sector organisations offer higher salary packages and merit-based promotions.
iii. Public sector promotions are primarily based on merit and performance.
Which of the statements given above is/are correct?
Consider the following statements about public sector organisations:
i. The government holds either full or partial ownership of public sector organisations.
ii. Their primary motive is to generate maximum profits for the government.
iii. They provide services in areas such as healthcare, education, and transportation.
Which of the statements given above is/are correct?
Assertion (A): Private sector organisations are more likely to offer higher salary packages and better incentives compared to public sector organisations.
Reason (R): Private sector organisations operate in a competitive environment and base promotions on merit and job performance.
Select the correct answer from the codes given below: