Question

(3)
Q2: Nikita wanted to pitch in to reduce the financial crisis prevailing in her house and thought
of working as a cook. She started working in three different households, One Punjabi, One
Gujarat and one South Indian Family. She soon realized that all the three households had
different cuisine. It was indeed a challenge for her to learn the techniques of the cuisine. All the
families greatly appreciated the timeframe within which she had mastered the local cuisine.
After working for them for a year, she decides to open a small eating joint of her own along
with two of her friends by the name " Hum sab ki Rasoi". They decided to share profits equally
and that each of them will be liable for acts performed by the other two. Soon the eatery
became a hotspot because of the fusion platter which was being offered.
a) Identify and define the kind of business organization which was set up by Kiran and her
friends.
b) Quoting lines from the above paragraph state the features of this form of business
organization highlighted above.
(3)

Answer 1

Answer:

a) partnership

b) "they decided to share profits equally"