Post Utme Noun 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Noun Commerce examination.

Post Utme Noun 2017 Commerce Objective / Multiple Choice

Question 34 POST_UTME_NOUN • 2017 • COMMERCE • objective

A company's articles of association may provide for the issue of debentures. What is the main advantage of debentures?

A. They have a higher claim on assets in the event of liquidation

B. They have a higher claim on dividends

Correct Answer C. They are secured by a charge on the company's assets

D. They have a higher claim on assets in the event of winding up

Correct Answer

Correct Option:

They are secured by a charge on the company's assets

This is Post Utme Noun 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Noun Commerce examination.

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