Business Organization — Page 2 Of 23

Sole Proprietorship: Definition, Features, Merits & Demerits

Sole Proprietorship is a one man business organization. It is the simplest unit of business organization though usually not the smallest in all respects. It features prominently in the trades, occupations, agriculture and small scale industrial establishments.

StudyHQ January 14, 2022

Economics

Private Limited Company: Definition, Features, Merits & Demerits

Private Limited Company is a form of business organization that is privately owned by a minimum of two and a maximum of fifty members. By its nature of existence, it cannot offer its shares to the public for subscription.

StudyHQ January 12, 2022

Economics

Joint Stock Company: Definition, Features, Merits & Demerits

A joint stock company or a public limited liability company is that form of business organization in which the liability of the shareholders is limited to the amount of capital they contributed and the unpaid part of the capital allotted to them. It must have a minimum of seven members but no maximum membership is prescribed for it.

StudyHQ January 10, 2022

Economics Finance

Problems of Financial Institutions in Nigeria

Financial Institutions are business organizations which deal in money, though some may deal in other financial assets such as shaves, letters of credit, bills of exchange etc. With the exception of the Central Bank, they make profits by trading in money; that is, through the process of accepting deposits in several ways e.g. offering technical advice etc.

StudyHQ October 27, 2021

Economics

Co-operative Society: Definition, Types, Features, Pros & Cons

A co-operative society is an organization or body of people of common interest who come together to protect their interest and utilize this to better the lot of its members by engaging in various economically viable ventures.

StudyHQ January 11, 2022