Which form of business is suitable for ...

Which form of business is suitable for a tailoring shop

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Sole proprietorship because personal attention is required.

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Mr . Aman wants to set up a business organisation . He has two main expectations from the business organisation - (i) Limited Liability and (ii) Continuity . What form of business organisation is suitable for Mr. Aman ? Give reasons in support of your answer .

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Which one of the following is not a suitable formative assessment task?

You are a business consultant . Mr . Madanpal has recently retired from government service . He is 60 years old and he wants to set up a factory to manufacture plastic goods . He has come to consult you so that you may suggest to him the most suitable form of business organisation . The following are his main expectations from the business organisation . (i) Ease in formation, (ii) Flexibility in operations, (iii) Sharing of profits with limited persons and (iv) Sufficient persons to look after various business activities . Which form of business organisation will you suggest to Mr. Madanpal ? Give reason in support of your answer .

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