Post Utme Osustech 2022 Commerce Question 17

Practice objective / multiple choice question 17 from the 2022 Post Utme Osustech Commerce examination.

Post Utme Osustech 2022 Commerce Objective / Multiple Choice
Question 17 POST_UTME_OSUSTECH • 2022 • COMMERCE • objective

A company's memorandum of association is a document that outlines the company's objectives and powers. Discuss the importance of this document in the company's operations and its role in protecting the rights of shareholders.

Answer Options

A. The memorandum of association is a public document that outlines the company's objectives and powers.
B. The memorandum of association is a private document that outlines the company's objectives and powers.
C. The memorandum of association is a document that outlines the company's objectives and powers, but it is not binding on the company.
Correct Answer D. The memorandum of association is a document that outlines the company's objectives and powers, and it is binding on the company.
Correct Answer
D
Correct Option:
The memorandum of association is a document that outlines the company's objectives and powers, and it is binding on the company.

About This Question

This is Post Utme Osustech 2022 Commerce Question 17. It is one of the objective questions from the 2022 Post Utme Osustech Commerce examination.

View More Post Utme Osustech 2022 Commerce Questions More Post Utme Osustech Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support