Post Utme Noun 2017 Commerce Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Noun Commerce examination.

Post Utme Noun 2017 Commerce Objective / Multiple Choice
Question 35 POST_UTME_NOUN • 2017 • COMMERCE • objective

A company's memorandum of association may provide for the issue of shares with a par value. What is the main advantage of shares with a par value?

Answer Options

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 easier to issue and redeem
D. They have a higher claim on assets in the event of winding up
Correct Answer
C
Correct Option:
They are easier to issue and redeem

About This Question

This is Post Utme Noun 2017 Commerce Question 35. It is one of the objective questions from the 2017 Post Utme Noun Commerce examination.

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