Tag: joint stock company 1 - definition, classification, advantages and disadvantages

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Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

A Company Secretary _____________________.

  1. has nothing to do with the directors, of the company

  2. is never in touch with any government department

  3. occupies an important place in a corporate setup

  4. does not have to correspond with the investors
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Company secretary occupies an important place in a corporate set up. As per Companies Act 2013, a Company Secretary is a key managerial person.

Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

The language of the minutes of a meeting should be __________________.

  1. In first person

  2. In second person

  3. In third person

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

Minutes of a meeting are formal records of proceedings and decisions; they are written in the third person to maintain objectivity and professional tone.

Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

The official signature of the company is known as ________.

  1. company logo

  2. company seal

  3. common seal

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

A common seal is the official signature of a company, used to authenticate documents that require the company's formal approval.

Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

For a forthcoming meeting _________.

  1. minutes are prepared

  2. agenda is prepared

  3. letters are prepared

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

An agenda is a list of items to be discussed at a meeting, prepared in advance to guide the participants.

Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

The maximum interaction with shareholders is ____________.

  1. at the time of allotment

  2. at the time of dividend distribution

  3. both a & b

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

Companies interact with shareholders primarily during the allotment of shares and when distributing dividends, as these are key financial events involving the owners.

Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

In an annual return of a company which is filed with ROC, the particulars to be mentioned are _____________.

  1. list of directors

  2. registered address of company

  3. list of shareholders

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

An annual return is a comprehensive document that includes details about the company's directors, registered office address, and a list of shareholders, among other statutory information.

Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

One of the disadvantages of a company form of business is ________.

  1. its full legal cover

  2. recognized legal entity

  3. stock exchange speculation

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

Stock exchange speculation is often viewed as a disadvantage because it can lead to volatility in share prices and may encourage short-term focus rather than long-term value creation.

Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

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 company (often referred to as a limited liability company or corporation).

Multiple choice elements of business joint stock company 1 - definition, classification, advantages and disadvantages meaning and features of joint stock company concept, features, advantages and disadvantages of joint stock company ownership structures - joint stock company

The capital of a company is divided into number of parts, each one of which is called ________.

  1. dividend

  2. profit

  3. interest

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

The total capital of a company is divided into small, equal units called shares, which represent ownership in the company.