
Understanding Liability Clauses in Companies

Interactive Video
•
Business
•
10th - 12th Grade
•
Hard

Amelia Wright
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of the video?
Marketing strategies for businesses
Financial management in companies
Human resource management
Types of companies based on liability
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a company limited by shares, to what extent is a member's liability limited?
To the amount of unpaid share capital
To the total assets of the company
To the company's total debt
To the amount of guarantee given
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the liability clause define?
The liability of the members of the company
The company's profit-sharing ratio
The company's marketing strategy
The company's operational procedures
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the liability of directors in a company?
Directors do not have liability
Directors have unlimited liability
Directors have limited liability
Directors' liability is equal to members' liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a person has 1000 shares with a face value of 10 rupees each and has paid 7 rupees per share, what is their liability at the time of winding up?
7000 rupees
3000 rupees
0 rupees
10000 rupees
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the example provided, how much has the person paid per share?
7 rupees
10 rupees
3 rupees
0 rupees
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the liability of members in a company limited by guarantee?
Unlimited
Limited to the amount of guarantee given
Limited to the unpaid share capital
Limited to the company's total debt
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