Characteristics of a Company Quiz
Authored by Ms.Nagomi Commerce-SF
Professional Development
University
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7 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which characteristic of a company limits the liability of its members to the amount they have invested in the shares?
Limited Liability
Transferability of Shares
Separate Management
Perpetual Succession
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What is the official signature of a company used on legal documents?
Capacity to Sue and Be Sued
Common Seal
Separate Management
Transferability of Shares
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Who manages a company on a day-to-day basis?
Board of Directors
Shareholders
Officers
Members
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which characteristic allows a company to initiate legal proceedings?
Separate Legal Entity
Statutory Regulations
Capacity to Sue and Be Sued
Artificial Person
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Under what laws are companies governed?
Statutory Regulations
Artificial Person
Separate Management
Common Seal
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
What characteristic of a company allows it to continue its existence even if the members change?
Limited Liability
Transferability of Shares
Separate Management
Perpetual Succession
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Who is responsible for the strategic decision-making in a company?
Board of Directors
Shareholders
Officers
Members
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