The above mentioned are the illustrations for Class 11 CBSE syllabus. Marketing Cooperative: These cooperatives are formed by farmers, small producers and artisans to promote their services in the market. 2 members are required to start a partnership, while maximum can be 100 as per the new Companies Act 2013. Following are the merits of sole proprietorship: 1. Why is partnership considered by some to be a relatively unpopular form of business ownership? We hope the given Karnataka 1st PUC Class 11 Business Studies Question Bank with Answers Solutions, Notes, Guide Pdf Free Download of 1st PUC Business Studies Textbook Questions and Answers, Model Question Papers with Answers, Study Material 2020-2021 in English Medium and Kannada Medium will help you. 3. Why is it important to choose an appropriate form of organisation? Explain. This chapter is a brief introduction to the concept NCERT Solution For Class 11 Business Studies Chapter 2 – Forms of Business Organisation. 1. Decision making is quick as only one person is responsible for decision making. 3. For e.g. The minor gets an equal ownership and right over the property and business like other family members. 3.Download Pdf file - Open by double click - Press down F5 to start presentation - Scroll down by Arrow Key. Housing Cooperative: These aim towards providing affordable housing solution to its members. In view of the coronavirus pandemic, we are making LIVE CLASSES and VIDEO CLASSES completely FREE to prevent interruption in studies Over the past decade, her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. After reading the chapter, you can refer to our Class 11 NCERT Solutions. Have to submit audit report of accounts to government, 3. Students who are in Class 11 or preparing for any exam which is based on Class 11 Business Studies can refer NCERT Book for their preparation. Class XI NCERT Business Studies Text Book Chapter 2 Forms of Business Organisation is given below. 2. But if all the partners of a firm give their consent, a minor can be inducted and he can share the profits of the firm, but a minor need not contribute capital or bear any liability if it is sustained by business. Sole proprietor enjoys all the profits earned by the business at the same has to bear all the losses. Long Questions for NCERT Business Studies Solutions Class 11 Chapter 2. Simple setup as per Cooperative Societies Act, 1912. 5. Short Questions for NCERT Business Studies Solutions Class 11 Chapter 2. NCERT Solutions for Class 11 Business studies Chapter 2 provides a broad degree of illustrative examples; which helps the students to comprehend and learn quickly. The business is impacted in cases of illness or death of the proprietor. He earns all the profits and is responsible for all loses of the business. Control: If one wants sole control over business then sole proprietorship is best, while partnership or company structure is best if shared decision making is needed. A firm has limited number of partners hence the finance is limited. The above mentioned is the syllabus for class 11 Business Studies. 4. Creditors can claim the personal assets of the proprietor in case of debt repayment. (b) Common seal: Common seal is the official signature of the company that can be used by its board members to sign all the major documents. Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation? Here students can get class & chapter wise Class 11 NCERT notes, which is very helpful to understand the subject and its chapter in a good manner.

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