Question

name the form of business organisation where membership is acquired by birth explain any two features of such organisations

Answer 1

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Thanks for asking this question.

SOLE PROPRIETORSHIP is that organisation wherr membership is acquired by birth.


Few main features of this type of an organisation are -
•Sole proprietorship is the simplest and most flexible business structure.

•The sole proprietor has total control and full decision-making power over policies, profits and capital investment.

•It is easy to close down the business.

•Profits from the business will be taxed at the sole proprietor's marginal tax rate, which may be lower than the corporate tax rate.

Answer 2

Answer:

Hindu Undivided Family is the form of business organisation where membership is acquired by birth...

Explanation:

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