1. Profits do not have to be shared. This statement refers to

2. The board of directors of a joint stock company is elected by

3. The karta in Joint Hindu family business has

4. The most effective form of business organization for raising capital is the:

5. The major advantage of a franchise is:

6. Which of the following is an example of a non profit organization?

7. Which of the following is an example of a public corporation?

8. A partner who is not actually involved in the partnership but lends his name for public relations purposes is a:

9. The main disadvantage of a general partnership is:

10. The simplest form of business ownership is a: