Q4 of 24 Page 56

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

The shareholders are the owners of the company while the Board of Directors is the chief managing body elected by the shareholders.

The Karta in Joint Hindu family business has

In a cooperative society, the principle followed is

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

The capital of a company is divided into some parts, each one of which is called

Questions · 24

2. Forms of Business Organisation

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