Forms of Business Organisations Test

Result

Forms of Business Organisations Test - 57

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following is the test of the long-term liquidity of a business?

A
Current ratio

B
Operating ratio

C
Stock turnover ratio

D
Interest coverage ratio

Solution

Interest coverage ratio is the test of the long-term liquidity of a business. Interest coverage ratio can be defined as the ratio which helps to determine how easily a company can pay the interest on its outstanding debt. Interest coverage ratio is a type of debt ratio.
Question 2
1 / -0

The shareholder's liability in a public company is limited to

A
The extent of their private estates

B
The nominal value of shares

C
The paid-up value of shares

D
The amounts called up on shares

Solution

Option B is the correct answer.
Question 3
1 / -0

The individual proprietorship form of business is not advisable for enterprises that

A
Require small capital

B
Need personalised attention to customers

C
Do not involve heavy risk

D
Are large in size

Solution

Sole proprietorship is a business that suits the ones who wants to carry out the business on smaller scale.
Question 4
1 / -0

Which of the following companies must file a statement in lieu of prospectus?

A
A private limited company

B
A cooperative society

C
A company that has issued a prospectus

D
A public company that has not issued a prospectus.

Solution

Option D is the correct answer.
Question 5
1 / -0

Which of the following documents may be changed with retrospective effect?

A
Memorandum of association

B
Prospectus

C
Articles of association

D
None of the above

Solution

Option C is the correct answer.
Question 6
1 / -0

The name of a company can be changed by

A
An ordinary resolution

B
A special resolution

C
The approval of the union government

D
A special resolution and with the approval of the union government

Solution

Option D is the correct answer.
Question 7
1 / -0

The ______ defines the scope of a company's activities.

A
Prospectus

B
Statutory declaration

C
Memorandum of association

D
Articles of association

Solution

Option C is the correct answer.
Question 8
1 / -0

The _____ defines a company's relations with the outside world.

A
Prospectus

B
Memorandum of association

C
Articles of association

D
Statement in lieu of prospectus

Solution

Option B is the correct answer.
Question 9
1 / -0

The rules and regulations for the internal management of a company are contained in its

A
Prospectus

B
Annual report

C
Memorandum of association

D
Articles of association

Solution

Option D is the correct answer.
Question 10
1 / -0

While incorporating a company, a statutory declaration is made by

A
A chartered accountant

B
An advocate

C
A person named in the articles as a director

D
Any of the above

Solution

Option D is the correct answer.

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Re-Attempt Weekly Quiz Competition

Forms of Business Organisations Test - 57

Result

Forms of Business Organisations Test - 57

Score

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Rank

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SHARING IS CARING

Question 1

Current ratio

Operating ratio

Stock turnover ratio

Interest coverage ratio

Solution

Question 2

The extent of their private estates

The nominal value of shares

The paid-up value of shares

The amounts called up on shares

Solution

Question 3

Require small capital

Need personalised attention to customers

Do not involve heavy risk

Are large in size

Solution

Question 4

A private limited company

A cooperative society

A company that has issued a prospectus

A public company that has not issued a prospectus.

Solution

Question 5

Memorandum of association

Prospectus

Articles of association

None of the above

Solution

Question 6

An ordinary resolution

A special resolution

The approval of the union government

A special resolution and with the approval of the union government

Solution

Question 7

Prospectus

Statutory declaration

Memorandum of association

Articles of association

Solution

Question 8

Prospectus

Memorandum of association

Articles of association

Statement in lieu of prospectus

Solution

Question 9

Prospectus

Annual report

Memorandum of association

Articles of association

Solution

Question 10

A chartered accountant

An advocate

A person named in the articles as a director

Any of the above

Solution

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