Tag: forms of business organisation - 2

Quizzes (18) Questions (59)

Questions Related to forms of business organisation - 2

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

Which of the following statements is not true in respect of holding the Annual General Meeting?

  1. AGM should be held in every calender year

  2. AGM should be held within six months from the end of financial year

  3. The gap between two AGM's should not exceed fifteen months

  4. Private company is not required to hold an AGM
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Private company is not required to hold an AGM- this statement is not true in respect of holding the Annual General Meeting. Every private company must hold an Annual General Meeting. It is conducted by the Board of Directors in order to discuss about the plan and policies which are to be taken to run the company.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

How many members should sign the MOA in case of public company___________.

  1. 1

  2. 5

  3. 3

  4. 7
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Memorandum of Association helps the shareholders, creditors and any other person dealing with the company to know the basic rights and powers of the company MoA must be signed by at least 2 subscribers in case of a private limited company, and 7 members in case of a public limited company.

Certified MOA & AOA of any Public or Private Company through MCA website. You just need to log in and go to view public document tab. MOA & AOA you will get under INCORPORATION documents tab, you need to pay nominal fees and you can easily download the required document from there.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

Which of the following company prohibits any invitation to the public to subscribe for share or debentures? 

  1. Private Company

  2. Public Company

  3. Government Company

  4. Both (b) and (c)
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members.Some of the most famous companies in the world are private companies, including Facebook, Ikea, agriculture giant Cargill, and candy maker Mars. Though private companies come in all sizes, a vast majority of private companies are small businesses. If the company is publicly listed, its shares will be listed on the stock exchange and different rules apply to the sale and purchase of the shares. If the company is a private company, the rules about buying and selling shares are set out in the company's constitution and in the COMPANIES ACT 1993.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

Administrative corruption includes "gift" to the _______.

  1. Factory inspector

  2. Boiler inspector

  3. Pollution control board inspectors

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

Administrative corruption is the abuse of roles, powers, or resources found within public bureaucracies. It may be initiated by line or staff officials, their superiors, or the agency clients.

Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain.Forms of corruption vary, but include bribery, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, graft, and embezzlement.

Multiple choice commercial applications public sector enterprises meaning and objectives of public sector enterprises introduction to public sector organisations types of companies - private & public forms of business organisation - 2

Which company has a minimum paid-up capital of five lakh rupees or higher?

  1. Government Company

  2. Private Company

  3. Public Company

  4. Both (a) and (c)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets ,Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is created when a company sells its shares on the primary market, directly to investors.
Multiple choice organisation of commerce and management forms of business organisation - 2 meaning and objectives of public sector enterprises introduction to public sector organisations public sector enterprises types of companies - private & public

Job analysis provides information used for writing _________________.

  1. Organisation chart

  2. Policy

  3. Job Description

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

Job analysis is the systematic process of gathering information about a job. This information is then synthesized to create a job description, which outlines the duties and responsibilities of the role.

Multiple choice organisation of commerce and management forms of business organisation - 2 meaning and objectives of public sector enterprises introduction to public sector organisations public sector enterprises types of companies - private & public

Feature(s) of a public corporation is/ are ________________________.

  1. The primary motive of the corporation is to earn private profits

  2. It cannot sue and cannot be sued and cannot enter into contracts in its own name

  3. Both (A) and (B)

  4. Neither (A) nor (B)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general public in many shares of stock which are freely traded on a stock exchange or in over the counter markets.


A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders. The usual British term is public limited company. A government owned company such as an airline or publictransit company. See also corporation sole.

Multiple choice organisation of commerce and management forms of business organisation - 2 meaning and objectives of public sector enterprises introduction to public sector organisations public sector enterprises types of companies - private & public

A company is known as the holding company of another company if it has control over the other company.

  1. True

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

A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group.

Multiple choice organisation of commerce and management forms of business organisation - 2 meaning and objectives of public sector enterprises introduction to public sector organisations public sector enterprises types of companies - private & public

Rights issue refer to the shares issued to ____________.

  1. Employees

  2. Public

  3. Exsiting directors

  4. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Rights issues are share offerings made to existing shareholders in proportion to their current holdings, allowing them to maintain their ownership percentage. They are not issued to employees (that would be ESOPs), not to the general public (that's a public issue), and not exclusively to existing directors. Therefore, 'None of these' is correct as none of the listed options accurately describe rights issues.