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WorksheetsTypes of companies
Total questions: 15
Worksheet time: 9mins
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
What is the percentage of shares that a company has to own to be part of an Associate company?
50%
less than 50%
at least 20%
more than 20%
In terms of access to capital companies are divide into:
Government and Private companies
Holdings and Subsidiaries
Listed and Unlisted companies
Private companies can be listed.
True
False
Both Private and Public companies can be Unlisted (do not list their securities on stock exchanges).
True
False
What are the synonyms of the word dormant?
secret / hidden
obvious / known
famous / popular
