industrial mgmt.pptx
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This document discusses four main forms of business organization: sole proprietorship, partnership, joint stock company, and co-operative society. Sole proprietorships are owned and operated by one individual who has unlimited liability. Partnerships involve more than one individual partner who share unlimited liability and profits according to an agreement. Joint stock companies raise capital through transferable shares and have limited liability for shareholders and professional management. Co-operative societies are voluntary, self-financing organizations with limited liability, democratic management, and state assistance.
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industrial mgmt.pptx
- 1. INTRODUCTION TO INDUSTRIAL MANAGEMENT FORMS OF BUSINESS ORGANIZATION Name: - CHRISTINA GAYEN MONDAL Department: - COMPUTER SCIENCE AND ENGINEERING(CSE) Year: - 3rd YEAR Semester: - 5th SEMESTER Section: - A Class Roll Number: - 6 University Roll Number: - 10900120006 Subject Code: - HSMC-501 College Name: - NETAJI SUBHASH ENGINEERING COLLEGE Academic Year: - 2022-2023
- 2. SOLE PROPRIETORSHIP BUSINESS The business enterprise is owned by one single individual Ownership of all profits Better control and flexibility in operations Owner has unlimited liability Subject to fewer regulations and prompt decision making
- 3. PARTNERSHIP FORM OF BUSINESS In this more than one individual is there, they are referred to as partners The relation between the partners is created in the form of contract called partnership deed Unlimited liability No partner can sell or transfer his interest in the firm without the consent of other partners The profit is divided in a ratio as agreed by the partners
- 4. JOINT STOCK COMPANY It is a voluntary association of people who contribute money to carry on business Capital is raised through shares which are transferable Limited liability of the shareholders Professionally managed by a board of directors. Easy transferability of shares.
- 5. CO-OPERATIVE SOCIETY Comprises voluntary operation Limited Liability They are self-financing Democratic Management State assistance and easy formation