Business Studies · Forms of Business Organisation
Which one of the following statements is correct regarding forms of business organisation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1In a joint stock company, the liability of shareholders is unlimited.
- 2The liability of all partners in a general partnership is limited.
- 3In a Joint Hindu Family business, only 'Karta' has unlimited liability.✓
- 4The liability of owners is limited in a sole proprietorship.
Correct answer
In a Joint Hindu Family business, only 'Karta' has unlimited liability.
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