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Complete the sentences :

(i) A business that is owned and managed by one person is called as ________

(ii) A company incorporated outside India, but having a place of business in India is called ________

(iii) An organization in which management is based on democratic nature and ‘One member One vote’ is called as _______

(iv) A feature of Joint Stock company, by which member can sell shares as and when he desires, called as _______

(v) A business organization owned and manages by family members is called ________

(vi) A business organization owned and manages by two or more person collectivity is called as ________

1 Answer

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(i) Sole Trading Concern

(ii) Foreign company

(iii) Co-operative society

(iv) transferability of shares

(v) Joint Hindu Family Business

(vi) Partnership firm

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