Business Organization

Public enterprises are established mainly to A provide basic amenities for the people B make goods available in the market C make profit for the government D compete with foreigners in the industrial sector One important feature of sole proprietorship is that A it is limited liability business B the business is owned by shareholders C one person bears all the risks D it is a legal entity The maximum amount of money a company is allowed to raise by issuing shares to the public is called A paid-up capital B fixed capital C working capital D authorized capital The consumers co-operative society is owned by A a management committee B members of the society C debenture holders D the government An industry can best be described as A a place where goods are processed B a place where different firms produced different goods C an aggregation of indidvidual firms producing similar commodities D the concentration of various firm in the same locality An association of workers in a particular industry, firm or line of job is called A Trade union B Trade association C Chamber of commerce D Assembly of workers Shares and stocks can be bought in the A Commodity market B Stock exchange C Money market D Open market Small enterprises finds it difficult to expand due to A inadequate capital B lack of skilled manpower C the high level of technology required for expansion D their inability to provide after-sale services Which of the following business units can issue shares? A Sole trader B private limited companies C Cenyral Banks D Super market When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being A indigenized B restructured C privatized D commercialized The reward for a shareholdership of a company is A wages B interest C dividends D profit In a public corporation , the risks of business are borne by the A workers B tax payers C board members D treasury