CS Executive Choice of Business Organisation — practice questions
25 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CS Executive Choice of Business Organisation in the app →Section 464 of the Companies Act, 2013 empowers the Central Government to prescribe the maximum number of partUnder Rule 10 of the Companies (Miscellaneous) Rules, 2014, what is the maximum number of members a partnershiAccording to the features listed for a private company in the lesson, what is the maximum number of shareholdeThe lesson distinguishes a public company from a private company by member count and transfer rules. What is tIn a One Person Company, only one person is the sole member. The Companies Act requires a nominee to be named A Section 8 company under the Companies Act, 2013 is incorporated only for a defined set of objects. Which of A two-partner firm operating a small retail store has been formed in Pune through a partnership deed. Which leThe lesson introduces Limited Liability Partnership as a hybrid vehicle giving partners limited liability whilUnder the MSME criteria notified with effect from 1st July, 2020 (cited in the lesson), an enterprise is classAn engineering workshop has Rs. 8 crore invested in plant and machinery and an annual turnover of Rs. 40 croreThe lesson notes that the MCA has eased audit requirements for LLPs. An LLP must get its accounts audited onlyThe lesson observes that the SPICe+ filing fee for incorporation has been reduced to zero for proposed companiAmong the factors listed for choosing a form of business organisation, "Stability of business" plays a specifiThe lesson contrasts the degree of control and management across forms. Which statement best captures its posiA consulting firm has been advised that partnership law allows up to 100 members because Section 464 says so. A founding team wants to raise venture capital, give equity to early hires, and onboard institutional investorA partner in an unregistered partnership firm worries about being personally liable beyond his investment. ComA manufacturer wants to pivot from cotton textiles to sugar manufacturing as a substantial change in business A founder wants to sell perishable food products only within one city and may shift the workshop frequently wiThe lesson defines a cooperative organisation as an association formed by certain types of persons under a speA family wishes to pool assets and earn business income as a Hindu Undivided Family rather than as individualsA boutique trader believes that supplier prices and customer lists must stay strictly confidential. The lessonAn entrepreneur wants minimum government interference in routine decision-making and is willing to accept smalA solo founder running an OPC is approached by an angel investor who wants to take 10% equity. The lesson flagThe lesson closes by saying the various factors do not exist in isolation and identifying the most basic consi