The powers of attorney that transfers to a third party the shareholders right to vote is called?
A. warrant B. shareholder’s benefit C. proxy D. bond E. rights issue Correct Answer: Option C – proxy
Organization formed mainly by traders and manufacturers to cater for the interest of their members is called?
A. trade union B. co-operative societies C. trade association D. chamber of commerce E. manufacturers association Correct Answer: Option C – trade association
Which of the following is not required for the dissolution of a partnership?
A. Expiration of partnership deed B. Termination of the venture C. One partner notifying the other of his intention to dissolve it D. mutual consent of the partners E. Order from the registrar of companies Correct Answer: Option E – Order from the registrar of...
Which of the following is not true of a limited partnership?
A. Every member is a limited partner B. All members are general partners C. All members are limited liability D. There is at least one ordinary partner E. Limited and ordinary members must be equal in number Correct Answer: Option D – There is at least one...
A partnership is formed for banking business is made up of?
A. 2 – 10 members B. 2 -20members C. 2 – 30 members D. 2 – 40 members E. 2 – 50 members Correct Answer: Option A – 2 – 10 membersProducts
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