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Teaching Business Studies Forms Of Business Organisation Question Bank MCQ - Forms of Business organisations

  • question_answer
    Consider the following statement(s).
    I. Partnership can be formed with a view to undertake lawful business activity.
    II. The partnership can be formed only for profit motive.
    III. Two persons coming together for charitable purpose will constitute a partnership.
    Which of the statement(s) given above is/are correct?

    A)          I and II            

    B)  II and III

    C)         I and III                       

    D)  All of these

    Correct Answer: A

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