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Subjects

Business Studies

Partnership

This Class 11 Business Studies topic explains partnership as a form of business organisation in which two or more persons agree to carry on a business and share its profits. Students learn its key features, including mutual agency, unlimited liability and a partnership agreement, along with the importance of a partnership deed. The topic also introduces the types, merits, limitations and registration of partnership firms, helping learners compare partnership with other forms of organisation.

Medium · Level 1 · 6 questions

Practice questions

01What does partnership mean in business?

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02In which situation can partnership become weak for an enterprise?

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03Which example shows an entrepreneur using partnership correctly?

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04In which situation can partnership be beneficial for an enterprise?

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05What is the most important point while choosing a business partner?

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06In which situation can partnership be beneficial for an entrepreneur?

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