Business Ownership Structures in India

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

How does a partnership business structure differ from a sole proprietorship?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. In India, a business venture among relatives is known as what type of structure?

2. As the eldest member of your family's Hindu undivided family business, you assume this role:

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This quiz/worksheet combo efficiently tests your knowledge of India's business structures. You will need to identify different business types and how they are organized.

Quiz & Worksheet Goals

In this quiz, you'll see if you remember:

  • The name for a business venture among family members in India
  • Goals of cooperative society business structures
  • The role of the eldest family member in a business in India

Skills Practiced

  • Distinguishing differences - compare and contrast topics from the lesson, such as partnerships and sole proprietorships
  • Information recall - access the knowledge you've gained regarding the type of business someone can own shares in
  • Knowledge application - use your knowledge to answer questions about the name of a family business in India and the title given to the eldest member of the family

Additional Learning

You can find out more about this nation's business laws and practices by reviewing the lesson titled Business Ownership Structures in India. It will explain:

  • The name given to all members of a family business
  • Examples of cooperative societies in India
  • The primary conditions for founding a family business in India
  • What a public sector enterprise is
Support