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1.2 b Types of organizations Flashcards | StudBud

Explore/1.2 b Types of organizations

1.2 b Types of organizations

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Features of companies

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Questions 10

Answers

1
All the followings are advantages to form a company EXCEPT..
Continuity
Limited liability
Compliance cost
Economies of scale
2
What will NOT happen when companies hold Annual General Meeting?
Re-elect of Board of Directors
Approve previous financial reports
Shareholders vote on declaration
Selling a new shares
3
The process of offering a company's shares for sale on the stock market for the first time.
Bureaucracy
Annual General Meeting
Floatation
Articles of Association
4
Which one is the benefit of a Public Limited Companies?
Workers find it easier to take holidays
They have maximum continuity
They have unlimited liability
They dont have to make a profit
5
Which statement applies to an private limited companies?
They can sells shares on the stock exchange
They cannot sell shares
They can sell shares to anyone
They can sell shares to friends and family only
6
Who controls a company on a day-to-day basis?
Shareholders
Workers
Managers
The Board of Directors
7
Which one is the drawback of Public Limited Companies?
There can only be a maximum of 20 directors
They need a deed of partnership
There can be a lack of personal service with customers
They have difficulties getting loans from the bank
8
Who owns a companies/corporations?
The managers
The workers
The government
The shareholders
9
When a company receives the Certificate of Incorporation, what does this mean?
The company is a separate legal entity and can start trading
The company is a separate accounting entity & can trade
The company has to wait before it can trade
Reserve the name of the company
10
Which one is the characteristic of companies/corporations?
They have limited liablity
They don't have to publish their accounts
They are in the public sector
They are easy to set up