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Comparative study of Business Organisation. |
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Answer» a) Sole proprietorship,(b) Joint Hindu family business,(c) Partnership,(d) Cooperative societies, and(e) Joint stock company.Sole proprietorships are controlled by one person and are the easiest form of business. A partnership is a form of business that establishes a relationship between two or more individuals. Corporation is a complex structure with more rules and regulations. Limited Liability Company is relatively a new form of structure that was introduced by statute. A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares. The Joint Hindu Family Business is a distinct form of organisation peculiar to India. Joint Hindu Family Firm is created by the operation of law. It does not have any separate and distinct legal entity from that of its members. |
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