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WORKSHEET
1. Which one of the following forms of business organizations does not issue shares?
a)
b)
c)
d)
Sole proprietor
Co-operatives
Public company
Private company
2. Which one of the following has a first claim on any profits and carries a fixed rate of
dividend?
a)
b)
c)
d)
Ordinary shares
Deferred shares
Preference shares
Participating preference shares
3. Which one of the following statements does not describe how a nationalized
industry can use profits?
a)
b)
c)
d)
Partnership
Sole trader
Private company
Co-operative
5. Which one of the following has a fixed rate of dividend but receives also an
additional payment if profits are sufficient, after payment has been made to
subordinate classes of share?
a)
b)
c)
d)
Ordinary share
Deferred share
Preference share
Participating preference share
6. Which one of the following is a characteristic of the sole trade form of business?
a)
b)
c)
d)
preference shares
debentures
preferred ordinary shares
ordinary shares
a
a
a
a
board of directors
council committee
public corporation
co-operative society
Public company
Partnership
Co-operative
Private company
employees
a local authorities
an elected committee
customers
a
a
a
a
holding company
multinational company
unit trust
subsidiary company
14.The business of the Mammoth Motor Company PLC, car manufacturers, is organized
as a:
a)
b)
c)
d)
public corporation
private company
co-operative
public company
15.Which one of the following has voting rights but receives dividends only after the
claims of preference shareholders have been met?
a)
b)
c)
d)
Ordinary share
Debenture
Overdraft
Loan stock
17.The person responsible to the board of directors for the management of a company
is called:
a)
b)
c)
d)
partnership
private company
public corporation
co-operative
Personal
Personal
Personal
Personal
20.Which one of the following has voting rights but receives dividends only after all
other types of shares have been paid by a certain amount?
a)
b)
c)
d)
Ordinary share
Deferred share
Preference share
Participating preference share
21.A document inviting the public to subscribe capital to a public company is called a:
a)
b)
c)
d)
certificate of incorporation
memorandum of association
prospectus
trading certificate
owned by customers
operated by a local authority
owned by shareholders
operated by the state
High prices
Immense size of the undertakings
Factors other than profits may be considered when planning the industry
Impersonal labour relations