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

  • question_answer
    Consider the following statement(s).
    I. Registration of the firm in general partnership is optional.
    II. General partnership is one in which liability of every partner is unlimited and joint.   
    III. Every partner is entitle to take active part in management?  
    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 the above       

    Correct Answer: D


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