Forms of Business
Organisation - Concept Chart
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Q1: Define business enterprise.
Answer: A business enterprise is an institutional arrangement to form any business activity.
Q2: What are the main categories of business enterprises?
Answer:
1. Private Enterprise
2. Public Enterprise
3. Joint Sector Enterprise
Q3: What is an identity in a Corporate Form and in a non-corporate form?
Answer: In case of CORPORATE FORM of private enterprises the identity of the enterprise is separate from that of the owner and in case of NON CORPORATE FORM, the identity of the enterprise is not different from that of its owners.
Q4: Write the name of form of business organisation found only in India.
Answer: Joint Hindu Family business.
Q5: On the basis of activity how an industry is classified?
Answer:
1. Primary Industry
2. Secondary Industry
3. Tertiary Industry
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