Types of companies

Companies limited by shares and guarantees are subtypes of:

• companies on the basis of members

• companies on the basis of control

• companies on the basis of liabilities

What are the synonyms of the word liability?

• restriction

• irresponsibility

• responsibility

• obligation

Fill in the blank with an appropriate word or phrase:

"In case of (a)   the shareholders will be liable to pay only the guaranteed amount of money."

Companies on the basis of members are:

• OPC

• Private companies

• Public companies

• All of the above

Private companies have free transferability of shares.

• True

• False

How many members can Public companies have?

• One person

• 7 people - unlimited number

• 2 people - 200 people

A shareholder is:

• a type of company

• a person who owns a portion of a company

• a person who has unlimited rights in a company

What are the two types of companies on the basis of control?

• Private and Public companies

• Limited and Unlimited companies

• Holding and Associate companies

Parent companies exercise control by owning more than 50% of their subsidiary companies’ shares.

• True

• False

What type of company is the "Joint venture"?

• Subsidiary company

• Public company

• Private company

• Associate company