Tag: company management

Quizzes (3) Questions (22)

Questions Related to company management

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Minimum no. of Directors in case of a public company is _______.

  1. 1

  2. 2

  3. 3

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

Generally, in a public company or a private company subsidiary of a public company, two-thirds of the total numbers of Directors are appointed by the shareholders and the remaining one-third’s appointment is made as per Articles and failing which, shareholders shall appoint the remaining one-third. A Minimum Number of Directors Required in a public Company are three directors. The Companies Act does not prescribe any qualifications for Directors of any company. 

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management
Directors are the ____________.

  1. owners

  2. representative of shareholders

  3. creditors of the company

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

Director is an appointed elected member of the board of directors of a company who with other directors has the responsibility for determining and implementing the company's policies. Hence, directors are the representatives of shareholders.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

A director retiring by rotation  _________.

  1. cannot be appointed again.

  2. can be re-appointed

  3. should be re-appointed

  4. nothing relevant
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the Companies Act, a director retiring by rotation can be re-appointed if the company passes the necessary resolution at the general meeting.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Which of the following is essential of the directing function of management?

  1. Identifying the activities and grouping them into convenient classes

  2. Motivating the subordinates to direct their behaviour in a desired pattern.

  3. Revise the structure of the basis of assessment of personnel and other resources

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

Directing involves guiding, motivating, and leading employees to ensure they work effectively toward organizational objectives.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Write a word or a term or phrase which can substitute the following statement:
A body of elected representatives of shareholders:

  1. Managing Directors

  2. Board of Directors

  3. Auditors

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

A board of directors is a group of individuals elected to represent shareholders. A boards mandate is to establish policies for corporate management and oversight, making on company's decision. Every public company must have a board of directors .

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Write a word or a term or phrase which can substitute the following statement:

The shares which must be held by the director within two months of his appointment.

  1. Ordinary Share

  2. Equity Share

  3. Qualification Share

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

Qualification shares is a share of common stock that a candidature of company's board of directors is required to own within two months of his appointment. The term difference does not reflect a difference in the properties of a qualifying share to common shares held by other shareholders. Instead it refers to that a member of the board of directors must hold a vested interest in the operations of the enterprise in form of company stock.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Essential of the directing function ____________________.

  1. Delegation of authority to the executive of the departments

  2. Identifying and diagnosing the real problem

  3. Analysis and evaluation of avaolable alternatives

  4. Maintaining descipline and rewarding effective performance
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Directing includes maintaining discipline and providing rewards (incentives) to encourage effective performance from employees.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Section 149(3) of Companies Act; 2013 deals with __________________.

  1. re-appointment of director

  2. appointment of director as additional director

  3. appointment of director as alternate director

  4. appointment of Resident director
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Section 149(3) of the Companies Act, 2013, mandates that every company must have at least one director who has stayed in India for a total period of not less than 182 days during the financial year.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Appointment of a person who is director, as a secretary of a company, required approval of the company by ___________.

  1. special resolution

  2. ordinary resolution

  3. resolution by circulation

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

Appointing a director as a company secretary often involves significant changes to their role and compensation, requiring a special resolution by the company members.

Multiple choice business organisation and correspondence company management directors of the company introduction, meaning and definition of director joint stock company 5 - direction and management

Which of the following is not a power of a Secretary?

  1. The acts directed to him by the Board

  2. The acts required to perform in order to discharge his duties

  3. The acts required to be performed under an Act

  4. Calling up the Board Meeting
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Calling up the Board Meeting is not a power of a Secretary though Company Secretary is appointed as a key managerial personnel. Only directors of the company can call for a board meeting.