Post Utme Al Hikmah University 2021 Commerce Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2021 Commerce Objective / Multiple Choice

Question 20 POST_UTME_AL-HIKMAH_UNIVERSITY • 2021 • COMMERCE • objective

A company's memorandum of association may provide for the issue of debentures. What is the primary characteristic of debentures?

Answer Options

Correct Answer A. They are a type of loan

B. They are a type of share

C. They are a type of preference share

D. They are a type of ordinary share

Correct Answer

Correct Option:

They are a type of loan

About This Question

This is Post Utme Al Hikmah University 2021 Commerce Question 20. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Commerce examination.

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