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Entrepreneurship · 2023 · 2 marks
Entrepreneurial PlanningForms of business organization- Sole proprietorship, Partnership, Company2 marks
CBSE 2023 · Central · Set 4 · Q19
(a) Give the meaning of ‘Implied Authority’ and ‘Mutual Agency’ as characteristics of a partnership form of business organisation.
(a)
Give the meaning of ‘Implied Authority’ and ‘Mutual Agency’ as characteristics of a partnership form of business organisation.
OR
(b)
State any two characteristics of partnership which overcome the inherent limitations of sole proprietorship form of business organisation.
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CBSE Class 12 Entrepreneurship past-paper question from the 2023 board exam. Where our answers come from.