Download App

Forms of Business Organisation — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesForms of Business Organisation3 Marks
Question
What is the objective behind one person company concept?
✓

Answer

One person company provides a whole new bracket of opportunities for those who look forward to start their own ventures with a structure of organized business. OPC will give the young businessman all benefits of a private limited company which categorically means they will have access to credits, bank loans, limited liability, legal protection for business, access to market etc all in the name of a separate legal entity. Though the concept of OPC is new in India but it is a very successful form of business in UK and several European countries since a very long time now.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Forms of Business Organisation→Forms of Business Organisation — all question types→Business Studies STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What are the obligations of a business in the name of social responsibility?
→
Identify the level that contributes most in the ethical decision-making.
→
Give any four reasons against the social responsibilities of business.
→
State some unethical practices followed by a business.
→
Why is the principle of indemnity not applicable to life insurance?
→
Write a short note on the scope of e-business.
→
What is the need of outsourcing in today's era of competition?
→
Define international business.
→
Differentiate between insurable risks and non-insurable risks.
→
Infosystem Ltd. is a global leader in technology services. The company enable clients in 45 countries to create and execute strategies for their digital transformation. The company officials follow the vision of "reaching new heights with its people on its side". It not only provides quality products but also provides various facilities to its employees for five years of service. While Infosystem Foundation in India creates opportunities for the underprivileged and strives to build a more equitable society.
On the basis of the given information about Infosystem Ltd., answer the following questions:
(a) Is Infosystem Ltd. following business ethics? Also define business ethics.
(b) Identify the interest groups towards which business is fulfilling its social responsi bilities?
→