Post Utme Unilag 2023 Commerce Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Unilag Commerce examination.

Post Utme Unilag 2023 Commerce Objective / Multiple Choice

Question 27 POST_UTME_UNILAG • 2023 • COMMERCE • objective

A company's Memorandum and Articles of Association are its constitutional documents. Discuss the differences between the two documents and their roles in the company's governance.

Correct Answer A. The Memorandum outlines the company's objectives, while the Articles detail its internal management.

B. The Memorandum sets out the company's structure, while the Articles define its powers.

C. The Memorandum establishes the company's capital structure, while the Articles govern its dividend policy.

D. The Memorandum defines the company's business activities, while the Articles regulate its relationships with shareholders.

Correct Answer

Correct Option:

The Memorandum outlines the company's objectives, while the Articles detail its internal management.

This is Post Utme Unilag 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Unilag Commerce examination.

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