Business Studies

For a guarantee company the liability of shareholder is ____________.


ANSWER

amount of guarantee specified in memorandum


SOLUTION
A guarantee company is a type of corporation designed to protect members from liability. Guarantee companies often form when non-profit organizations wish to attain corporate status.  For a guarantee company the liability of shareholder is amount of guarantee specified in the memorandum.
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 197
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
The minimum subscription is the ______of the issued amount.
  • A. 50%
  • B. 80%
  • C. 75%
  • D. 90%

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Equity shares are suitable for investors who are willing to assume risk for ________ returns.
  • A. Lower
  • B. Higher
  • C. Medium
  • D. Equal

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
A company with a paid up Capital of 5,000 equity shares of Rs.10 each has a turnover of four times with a margin of 8% on sales.
The ROI of the company will be______.
  • A. 28%
  • B. 32%
  • C. 35%
  • D. 42%

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Transactional Analysis can give employees fresh insights into their own personalities.
  • A. True
  • B. False
  • C. Partly true
  • D. Partly false

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
State with reason whether the following statement is true or false:
The amount of deposit is a long term source of capital.
  • A. True
  • B. False

Asked in: Business Studies - Sources of Business Finance


1 Verified Answer | Published on 18th 08, 2020

View Answer