Post Utme Bowen University 2024 Commerce Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2024 Commerce Objective / Multiple Choice
Question 32 POST_UTME_BOWEN_UNIVERSITY • 2024 • COMMERCE • objective

A company's articles of association state that a minimum of 50% of the shares must be held by the public. What implications does this have on the company's ability to raise capital?

Answer Options

A. The company can raise capital more easily due to the public's involvement.
Correct Answer B. The company's ability to raise capital is restricted due to the public's involvement.
C. The company's ability to raise capital is unaffected by the public's involvement.
D. The company's ability to raise capital is increased due to the public's involvement.
Correct Answer
B
Correct Option:
The company's ability to raise capital is restricted due to the public's involvement.

About This Question

This is Post Utme Bowen University 2024 Commerce Question 32. It is one of the objective questions from the 2024 Post Utme Bowen University Commerce examination.

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