What do you understand by sole trader organization? Show merits and limitations of sole trader organization.

Partnership organizations emerged essentially because of the limitations and failures of the sole proprietorships. Discuss.

What is Partnership? How does it differ from a joint stock company?

What is a joint stock company? Explain how it overcomes the limitations of non corporate form of organization?

Discuss the special features of a cooperative form of an organization. How it is different from a company?

What is the main objective of a cooperative form of an organization? Explain its merits and limitations.