Q2 of 24 Page 56

The Karta in Joint Hindu family business has

The Karta means the head of the family has unlimited liability over the business.

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1

The structure in which there is a separation of ownership and management is called

 3

In a cooperative society, the principle followed is

 4

The board of directors of a joint-stock company is elected by

 5

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