Tag: elements of business

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Questions Related to elements of business

Multiple choice elements of business joint stock company - formation meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Rajeev is a member (a type of owner) of a marine supply business with many shareholders.
Rajeevs business is __________.

  1. a sole proprietorship.

  2. a limited liability partnership.

  3. a limited liability company.

  4. a general partnership.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A business with many shareholders and limited liability for its owners is typically structured as a limited liability company (LLC) or a corporation.

Multiple choice elements of business joint stock company - formation meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Select out the feature which is NOT found in a private limited company?

  1. Raising capital for the business is easier

  2. Shares can be bought and sold on the Stock Exchange

  3. Subscribers of the business have limited liability

  4. The business continues after the death of shareholders
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A key feature of a private limited company is that its shares cannot be traded on a public stock exchange, unlike those of a public limited company.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Which of the following statements about most public limited companies is true?

  1. They are owned and controlled by the employees

  2. They are owned by the directors but controlled by the shareholders

  3. The are owned by shareholders but controlled by directors

  4. They are owned and controlled by the promoters
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In a public limited company, ownership is distributed among numerous shareholders who hold shares of stock, while day-to-day management and control are delegated to a board of directors. Employees or promoters do not inherently own or control the entire company structure.

Multiple choice elements of business joint stock company - formation meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Which of the following statements suits best to private limited company?

  1. It is owned by the government

  2. It is owned by shareholders who can sell their shares in the Stock Exchange

  3. It is formed for the benefit of society at large

  4. Its accounts can be kept private and it receives little coverage in the business
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Private limited companies have fewer disclosure requirements than public companies, allowing them to keep their financial accounts private and receive less public scrutiny.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Out of these which statement is true?

  1. Both private and public companies need one director

  2. Private companies need two directors but public companies need 3

  3. Private companies need one directors but public companies need two

  4. Both private and public companies need two directors
Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

By EXIM policy we mean _____________________.

  1. external and internal policy

  2. export-import policy

  3. extra import policy

  4. none of the above.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

EXIM policy stands for Export-Import policy, which governs the rules and regulations related to the trade of goods and services between a country and the rest of the world.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

Strategy that is adopted when the company is performing poorly or when it no longer fits the company's strategic profile is known as ____________.

  1. divestment strategy

  2. liquidation strategy

  3. transformation strategy

  4. turnaround strategy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Divestment strategy involves selling off a business unit or part of the company that is underperforming or no longer aligns with the firm's core strategic goals.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

The method of advertising for vacancies internally by posting a notice of the opening on bulletin board, etc. is known as ___________.

  1. Job posting

  2. Job enlargement

  3. Job bank

  4. Job description
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Job posting is the internal recruitment practice of advertising job vacancies to current employees via bulletin boards, company intranets, or emails.

Multiple choice elements of business ownership structures - joint stock company meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public

In the words of " _______ "a public Corporation is an organization that is clothed with the power  of the government, but is possessed with the flexibility and initiative of private enterprise."

  1. Roosevelt

  2. Schumpeter

  3. Prof. Robson

  4. Ronaldo
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

This specific definition of a public corporation, emphasizing the balance between government power and private flexibility, is attributed to Franklin D. Roosevelt.