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Class XI BUSINESS STUDIES
CHAPTER 2 FORMS OF BUSINESS Organization
IMPORTANT QUESTIONSMULTIPLE CHOICE QUESTIONS (1 MARKS)
Question 1
Who elects B.O.D of Joint Stock Company?
Answer
The Board of Director
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What is forms of business organisations?
Forms of business organizations include sole proprietorship, partnership, corporation, and limited liability company (LLC).
Who is required to file forms of business organisations?
All businesses are required to file forms of business organizations.
How to fill out forms of business organisations?
Forms of business organizations can be filled out online through the respective state's business entity filing website.
What is the purpose of forms of business organisations?
The purpose of forms of business organizations is to legally establish the structure and ownership of a business.
What information must be reported on forms of business organisations?
Information such as business name, address, type of organization, owners' names and addresses, and other relevant details must be reported on forms of business organizations.
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