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BCL – L1 – SA – Q95 – Alternative Forms

Definition of a voluntary association for social or economic goals.

Question

…………………refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economic goal.

A Illegal Association

B Partnership

C Incorporation

D Company

Answer

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Tags: Business Goals, Company Law, Voluntary Association
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q94 – Alternative Forms

Classification of companies by member liability.

Question

Company may be companies limited by shares companies limited guarantee, unlimited companies.

A Number of members

B Liability of members

C Registered

D Incorporation

Answer

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Tags: Company Law, Company Types, Liability
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q93 – Alternative Forms

Minimum and maximum members of a private company.

Question

Minimum and maximum constitute a private limited company.

A 2 of 10

B 7 of unlimited

C 2 of 15

D 2 of 50

Answer

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Tags: Company Law, Membership Limits, Private Company
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q92 – Alternative Forms

Entity with perpetual succession and common seal.

Question

……………….is a legal person which capable of perpetual succession and common seal.

A Company

B Firm

C Voluntary Association

D Partnership

Answer

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Tags: Company Law, Legal Person, Perpetual Succession
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q91 – Company Directors

Liability of a director acting dishonestly.

Question

Where a director acts dishonestly to the interest of the company. He will be held liable for

A Negligence

B Malefice acts

C Ultra-virus acts

D Breach of fiduciary duty

Answer

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Tags: Company Law, Director Liability, Fiduciary duty
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q90 – Governance and Ethics

What guarantees a product’s established quality.

Question

guarantees its established quality.

A Patent

B Goods

C Trademark

D Safety

Answer

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Tags: Company Law, Quality Assurance, Trademark
Level: Level 1

Topic: Governance and ethical issues relating to business

BCL – L1 – SA – Q89 – Accounts and Audit

Documents submitted by the board at every AGM.

Question

Which of the following documents is submitted by the board of directors at every AGM ?

A Balance sheet

B Profit and Loss Account

C Both A and B

D None of the above

Answer

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Tags: Annual General Meeting, aw, Financial Statements
Level: Level 1

Topic: Accounts and Audit

BCL – L1 – SA – Q88 – Alternative Forms

Who are the true owners of a company.

Question

……………..are the true owners of the company.

A Members

B Investors

C Directors

D Shareholders

Answer

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Tags: Company Law, Company Ownership, Shareholders
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

BCL – L1 – SA – Q87 – Company Directors

Who has ultimate control over a factory’s affairs.

Question

…………….is a person who has ultimate control over the affairs of factory.

A Young person

B Adult

C Occupier

D Adolescent

Answer

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Tags: Company Law, Factory Management, Occupier Role
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q86 – Company Meetings

Definition of a special resolution.

Question

………….is the resolution, which is passed, at valid called general meeting, by special majority of the meeting.

A Ordinary resolution

B Special resolution

C Resolution by postal ballot

D Resolution requiring special notice

Answer

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Tags: Company Law, Majority Voting, Special Resolution
Level: Level 1

Topic: Company meetings and resolutions

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BCL – L1 – SA – Q95 – Alternative Forms

Definition of a voluntary association for social or economic goals.

BCL – L1 – SA – Q94 – Alternative Forms

Classification of companies by member liability.

BCL – L1 – SA – Q93 – Alternative Forms

Minimum and maximum members of a private company.

BCL – L1 – SA – Q92 – Alternative Forms

Entity with perpetual succession and common seal.

BCL – L1 – SA – Q91 – Company Directors

Liability of a director acting dishonestly.

BCL – L1 – SA – Q90 – Governance and Ethics

What guarantees a product’s established quality.

BCL – L1 – SA – Q89 – Accounts and Audit

Documents submitted by the board at every AGM.

BCL – L1 – SA – Q88 – Alternative Forms

Who are the true owners of a company.

BCL – L1 – SA – Q87 – Company Directors

Who has ultimate control over a factory’s affairs.

BCL – L1 – SA – Q86 – Company Meetings

Definition of a special resolution.

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Definition of a voluntary association for social or economic goals.

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Classification of companies by member liability.

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Minimum and maximum members of a private company.

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Entity with perpetual succession and common seal.

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Liability of a director acting dishonestly.

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What guarantees a product’s established quality.

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Documents submitted by the board at every AGM.

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Who are the true owners of a company.

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Who has ultimate control over a factory’s affairs.

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Definition of a special resolution.

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