Business And Commerce - Study Mode

[#466] Co-operative and public companies are similar in respect of __________.
Correct Answer

(C) the maximum number of members

Explanation

Solution: Co-operative and public companies are similar in respect of the maximum number of members.

[#467] The limit for maximum number of members in a public company is restricted to _________.
Correct Answer

(D) no limit

Explanation

Solution: The limit for maximum number of members in a public company is Unlimited.

[#468] A private company should have at least __________.
Correct Answer

(A) 2 members

Explanation

Solution: A private company should have at least 2 members.

[#469] A partnership firm cannot raise funds through _________.
Correct Answer

(C) Debentures

Explanation

Solution: A partnership firm cannot raise funds through Debentures. A partnership passes through its taxable income (or loss) to its investors, thereby avoiding double taxation and allowing the partnership the option to retain working capital for growth.

[#470] Which of the following sources is not use for medium term financing?
Correct Answer

(A) Issue of equity shares

Explanation

Solution: Issue of equity shares is not use for medium term financing. Financing is the process of providing funds for business activities, making purchases or investing. Financial institutions such as banks are in the business of providing capital to businesses, consumers, and investors to help them achieve their goals.