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Questions and Answers
Which one of the following is NOT a characteristic of a company?
Which one of the following is NOT a characteristic of a company?
- Limited liability
- Perpetual succession
- Separate legal entity
- Unlimited liability (correct)
Which one of the following is a disadvantage of a company form of organization?
Which one of the following is a disadvantage of a company form of organization?
- Complex legal formalities (correct)
- Perpetual succession
- Separate legal entity
- Limited liability
Which one of the following is a requirement for the formation of a company?
Which one of the following is a requirement for the formation of a company?
- At least one member
- Maximum number of members
- Minimum number of members (correct)
- No requirement of members
