Post Utme Osustech 2022 Commerce Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Osustech Commerce examination.

Post Utme Osustech 2022 Commerce Objective / Multiple Choice
Question 20 POST_UTME_OSUSTECH • 2022 • COMMERCE • objective

A company's memorandum of association and articles of association are two separate documents that outline the company's objectives, powers, and internal management. Discuss the importance of these two documents in the company's operations and their roles in protecting the rights of shareholders.

Answer Options

A. The memorandum of association and articles of association are two separate documents that outline the company's objectives, powers, and internal management.
B. The memorandum of association and articles of association are interchangeable terms that refer to the same document.
C. The memorandum of association and articles of association are two separate documents that outline the company's objectives, powers, and internal management, but they are not binding on the company.
Correct Answer D. The memorandum of association and articles of association are two separate documents that outline the company's objectives, powers, and internal management, and they are binding on the company.
Correct Answer
D
Correct Option:
The memorandum of association and articles of association are two separate documents that outline the company's objectives, powers, and internal management, and they are binding on the company.

About This Question

This is Post Utme Osustech 2022 Commerce Question 20. 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