A. paid-up capital
B. authorized capital
C. reserve capital
D. loan capital
Correct Answer:
Option B – authorized capital
Explanation
Authorized capital is also known as Nominal or Registered capital. It is the capital set out in the capital clause of the company’s memorandum of association.
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![A screw jack with a Tommy bar of length 12cm is used to raise a car through a vertical height of 25cm by turning the Tommy bar through 50 revolutions. Calculate the approximate velocity ratio of the jack [π=3.142]](https://erudites.ng/wp-content/plugins/contextual-related-posts/default.png "A screw jack with a Tommy bar of length 12cm is used to raise a car through a vertical height of 25cm by turning the Tommy bar through 50 revolutions. Calculate the approximate velocity ratio of the jack [π=3.142]")
