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Financial Management - An Overview
Define financial management in banking context.
Application of management principles to financial resources and activities of an organisation.
What is sole proprietorship's main limitation?
Unlimited liability; capital constrained by single proprietor's resources.
Define partnership under Indian Partnership Act, 1932.
Relation between persons agreed to share profits of business carried on by all or any acting for all.
What distinguishes Limited Liability Partnership?
Hybrid structure: some or all partners have limited liability; legal entity; MCA registered.
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