Tag: elements of business

Quizzes (65) Questions (802)

Questions Related to elements of business

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

Who headed a team at the Hawthrone plant of the Western Electric Company?

  1. Henri Fayol

  2. Elton Mayo

  3. McGregor

  4. Mintzberg
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Elton Mayo led the famous Hawthorne Studies at the Western Electric Company, which laid the foundation for the Human Relations Movement in management.

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

Every listed public company shall have at least  __________ of the total number of directors as independent directors.

  1. One-fourth

  2. Two-third

  3. One-third

  4. Three-fourth
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

According to the Companies Act and SEBI regulations, listed public companies are required to have at least one-third of their total directors as independent directors.

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

__________ has been founded to act as permanent watchdog on the International Trade.

  1. IBRD

  2. ADB

  3. WTO

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

WTO or World Trade Organization has been founded to act as permanent watchdog on the International Trade. Its main function is to ensure global trade flows. The World Trade Organization is an intergovernmental organization. It is concerned with the regulation of international trade between nations.

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 maximum number of members in a private limited company is ________________.

  1. $10$
  2. $25$
  3. $50$

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

The maximum number of members in a private limited company is 50. According to the provisions of Companies Act 2013, Private limited company can be started with minimum 2 members and maximum 50 members.

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 companies must appoint woman director ?
(I) Listed Company
(II) Every  public company having paid up share capital of Rs.100 Crores or more as on the last date of latest audited financial statements.
(III) Every public company having borrowing of Rs.500 Crores or more as on the last date of latest audited financial statements.
(IV) Every other public company having net capital employed of Rs.500 Crores or more as on the last date of latest audited financial statements.
(V) Every public company having turnover of Rs.300 crore or more as on the last date of latest audited financial statements.
Select the correct answer from the options given below -

  1. (I), (II), & (V) of the above

  2. (II), (III), & (IV) of the above

  3. (I) & (III) of the above

  4. (I), (II), (III) & (IV) of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under the Companies Act, specific criteria regarding paid-up capital, turnover, or borrowing thresholds trigger the requirement to appoint at least one woman director for public companies.

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

State the following statement is True or False:
Prospectus is issued by a private company.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A public listed company who intends to offer shares or debentures can issue prospectus. A private company is prohibited from inviting the public to subscribe to their shares and thus cannot issue a prospectus.

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
A company which can start a business after getting the certificate of incorporation is a ____________.

  1. private company

  2. public company

  3. joint stock company

  4. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

After certificate of incorporation, a private company can start its business. Incorporation of a Joint stock company is compulsory. Without incorporation, all the contracts would be considered void in the eyes of law and operations of business cannot be carried out.

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
Private company need not hold the __________ .

  1. Statutory meeting

  2. Annual general meeting

  3. Extra-ordinary general meeting

  4. All of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A private limited company and a company limited by guarantee not having share capital need not hold a statutory meeting. Statutory meeting must be held within a period of not less than one month and not more than six months after the date on which it is authorized to commence its business.

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

Select the term or a phrase which can substitute the following statement:
Name the type of company which can start it's business after getting 'Certificate of Incorporation'?

  1. Public company

  2. Private company

  3. Co-operative society

  4. Joint stock company
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

After receiving certificate of incorporation, a private company can start its business. Incorporation of a Joint stock company is compulsory. Without incorporation, all the contracts would be considered void in the eyes of law and operations of business cannot be carried out.

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

State the following statement is True or False:

The private company need not hold the statutory meeting.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A private limited company and a company limited by guarantee not having share capital need not hold a statutory meeting. Statutory meeting must be held within a period of not less than one month and not more than six months after the date on which it is authorized to commence its business.