The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?
A. joint venture B. cooperative society C. partnership D. company Correct Answer: Option A – joint venture
In the event of the liquidation of a company; the first to be settled are?
A. debenture holders B. members of the board C. preference shareholders D. ordinary shareholders Correct Answer: Option A – debenture holders
Entrepreneurship mainly involves?
A. risk-taking B. initiating C. skilled manpower D. knowledge Correct Answer: Option A – risk-taking
A functional structure is an organizational structure in which?
A. abstract rules are applied B. equity prevails C. a specialist enforces his directives D. there is no hierarchy Correct Answer: Option C – a specialist enforces his directivesProducts
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