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:
Choose the correct statement(s) regarding Non-Profit Organisations in India.
Organisations like Akshaya Patra Foundation and Goonj focus on addressing social issues like hunger and clothing poverty.
All NPOs in India must operate under government control to maintain their tax-exempt status.
Statement: Public sector organizations are primarily focused on public welfare.
Assertion: The government’s ownership and control ensure that these organizations prioritize societal needs over profit.
Which of the following is correct?
Statement: Private sector organizations are not secure in terms of employment stability.
Assertion: Non-performance or cost-cutting measures can lead to employee termination in private sector organizations.
Which of the following is correct?
Choose the correct statement(s) regarding Private Organisations.
Private organisations can include entities like sole proprietorships, partnerships, and multinational corporations.
The New Economic Policy of 1991 restricted private sector participation in most Indian industries.
With reference to Non-Profit Organisations, which of the following statements are correct?
NPOs are expected to be value-based and serve public or social purposes.
They are legally required to distribute profits to shareholders.
Examples include organisations like Pratham and Teach For India, which focus on education.