This MCQ series include different chapters mcq from Health education and community pharmacy. In this part we will cover Nutrition a nd Health
MCQs related to the Structure and functions of the human eye.
MCQs related to the Human blood components and their role in blood.
A sole proprietorship also referred to as a sole tradership, individual entrepreneurship, or proprietorship, may be a sort of enterprise owned and travel by one person and during which there's no legal distinction between the owner and therefore the business entity
Advantages and drawbacks
Sole proprietorships have several advantages over other business entities. they're easy to make, and therefore the owners enjoy sole control of the business profits. However, they even have disadvantages, the most important of which being that the owner is personally responsible for all business losses and liabilities.
An individual proprietor owns and manages the business and is liable for all business transactions. The owner is additionally personally liable for all debts and liabilities incurred by the business. A sole proprietor can own the business for any duration of your time and sell it when he or she sees fit.
One of the most tax advantages of running a sole proprietorship is that you simply can deduct the value of insurance for yourself, your spouse, and any dependents. Better still, you'll take this deduction albeit you do not itemize deductions on your income tax return
A sole proprietorship also
A business partner may be a commercial entity with which another commercial entity has some sort of alliance. This relationship could also be a contractual, exclusive bond during which both entities commit to not unite third parties
Business partner relationships are important connections and resources as we conduct our jobs, plan for the longer term , and build our knowledge about products, changes and trends. Building future business partner relationships can help us when a product or service changes or when a further product or service is required
A business partnership agreement may be a legal instrument between two or more business partners that spells out the business structure, responsibilities of every partner, capital contribution, partnership property, ownership interest, decision-making conventions, the method for one business partner to sell or leave the
1] Active Partner/Managing Partner
An active partner is additionally referred to as Ostensible Partner. because the name suggests he takes active participation within the firm and therefore the running of the business. He carries on the daily business on behalf of all the partners. this suggests he acts as an agent of all the opposite partners on each day to day basis and with regards to all or any ordinary business of the firm.
Hence when a lively partner wishes to retire from the firm he must provides a public notice about an equivalent . this may absolve him of the acts done by other partners after his retirement. Unless he gives a public notice he are going to be responsible for all acts even after his retirement.
2] Dormant/Sleeping Partner
This is a partner that doesn't participate within the daily functioning of the partnership firm, i.e. he doesn't take a lively part within the daily activities of the firm. he's however bound by the action of all the opposite partners.
He will still share the profits and losses of the firm and even usher in his share of capital like all other partner. If such a dormant partner retires he needn't provides a public notice of an equivalent .
3] Nominal Partner
This is a partner that doesn't have any real or significant interest within the partnership. So, in essence, he's only lending his name to the partnership. He won't make any capital contributions to the firm, then he won't have a share within the profits either. But the nominal partner are going to be susceptible to outsiders and third parties for acts done by the other partners.
4] Partner by Estoppel
If an individual holds bent another that he's a partner of the firm, either by his words, actions or conduct then such a partner cannot deny that he's not a partner. This basically means albeit such an individual isn't a partner he has represented himself intrinsically , then he becomes partner by estoppel or partner by holding out.
5] Partner in Profits Only
This partner will only share the profits of the firm, he won't be responsible for any liabilities. Even when handling third parties he are going to be responsible for all acts of profit only, he will share none of the liabilities.
6] Minor Partner
A minor can't be a partner of a firm consistent with the Contract Act. However, a partner are often admitted to the advantages of a partnership if all partner gives their consent for an equivalent . He will share profits of the firm but his liability for the losses are going to be limited to his share within the firm.
This is the 2nd set of Pharmaceutical inorganic chemistry based on the diploma in pharmacy 1st-year syllabus. There are 25 questions (MCQs) in this test. all MCQs are answered and well explained.