Post Utme Achievers University 2017 Commerce Question 38

Practice objective / multiple choice question 38 from the 2017 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2017 Commerce Objective / Multiple Choice
Question 38 POST_UTME_ACHIEVERS_UNIVERSITY • 2017 • COMMERCE • objective

A company is a type of business organization that is owned and operated by shareholders. What are the characteristics of a company?

Answer Options

Correct Answer A. Limited liability, perpetual existence, and transferable ownership
B. Unlimited liability, short-term existence, and non-transferable ownership
C. High level of control, low level of responsibility, and limited liability
D. High level of responsibility, low level of control, and unlimited liability
Correct Answer
A
Correct Option:
Limited liability, perpetual existence, and transferable ownership

About This Question

This is Post Utme Achievers University 2017 Commerce Question 38. It is one of the objective questions from the 2017 Post Utme Achievers University Commerce examination.

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