Post Utme Joseph Ayo Babalola University 2017 Commerce Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2017 Commerce Objective / Multiple Choice
Question 32 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

A company's articles of association may provide for the appointment of a managing director. What are the powers and duties of a managing director?

Answer Options

Correct Answer A. The managing director has the power to appoint and remove directors, and is responsible for the overall management of the company.
B. The managing director has the power to appoint and remove directors, but is not responsible for the overall management of the company.
C. The managing director has no powers or duties.
D. The managing director is responsible for the overall management of the company, but has no power to appoint or remove directors.
Correct Answer
A
Correct Option:
The managing director has the power to appoint and remove directors, and is responsible for the overall management of the company.

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Commerce Question 32. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

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