Question # 1

joint stock company is that business organization which is

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Durable

Not ended

Not durable

None of these

Which business organization requires legal permission for commencement

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Sole tradership

Partnership

Joint stock company

None of these

Which type of business organization has separate legal status apart from shareholders:

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A sole tradership

A partnership

Joint stock company

None of these

The owner of a company are

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The employees of company

The debentureholders

The shareholders

The creditors

The minimum number of persons in a public ltd. company

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Thirty five

Fifty

Unlimited

Twenty

Which business organization can be dissolved through a legal procedure

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Sole tradership

Partnership

Joint stock company

None of these

The minimum number of persons in a multi-members private company

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Seven

Four

Two

Three

The persons who manage the affairs of company are called

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The shareholders

The debentureholders

The promoters

The directors

Which business organization can be dissolved through a legal procedure:

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Sole tradership

Partnership

Joint Sock Company

None of these

The persons who mange the affairs of company are called:

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The shareholders

The debentureholders

The promotors

The directors

The audit of a public limited company is:

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Not necessary

Necessary on yearly basis

After every three years

After every six months

The audit of a public limited company is

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Not necessary

Necessary on yearly basis

After every three years

After every six months

The shares of a joint stock company are:

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Transferable

Not for common person

Of high value

All are correct

The persons who work for the formation of company are called

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The owners

The employees

Thew promoters

The directors

Which type of business organization has separate legal status apart from shareholders

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A sole tradership

A partnership

Joint stock company

None of these

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Principle of Commerce Icom Part 1 English Medium Chapter 5 Online Test MCQs With Answers

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