Types of Joint Stock Companies
Authored by Urlanda Alexander
Business
12th Grade
Used 3+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which business unit could have its shares quoted on the Stock Exchange?
Co-operative
Partnership
Private Limited Company
Public Limited Company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following re legal requirements for the formation of a company EXCEPT
drawing up of memorandum and articles of association by the promoters
filing of a prospectus with the Registrar of Companies if shares are offered for sale to the public
publication and filing of a copy of its audited balance sheet and other related documents with the Registrar of Companies
undertaking that all profits realized will be distributed among the different classes of shareholders
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term 'Limited' after the name of a company means that
a shareholder can purchase only a limited number of shares in a company
a member's liability is limited to the amount which he has purchased as shares in the company
the company engages in the sale of a limited range of products
the company is legally registered and can commence operations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Invitations to th public to subscribe share capital are made in a
certificate of trading
memorandum of association
prospectus
share certificate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A person elected by the shareholders or appointed to share responsibility for policy making in a company is
company director
company secretary
general manager
management consultant
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A dividend is
income of a company after shareholders have been paid
income which a shareholder receives from his investment in the company
portion of the profits available for distribution to shareholders
purchase price of an ordinary share
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fifty (50) Maximum number of members in Public Limited company
TRUE
FALSE
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