Corporate Leadership Structure

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Questions and Answers

What does 'Ltd' stand for after a company's name?

  • Legitimate
  • Legislated
  • Limited (correct)
  • Listed

In the UK, who runs the Board of Directors?

  • The managing director
  • The president
  • The chairman (correct)
  • The chief executive officer

What role does the managing director play in the day-to-day running of the company?

  • Active role (correct)
  • Supervisory role
  • Consultative role
  • Advisory role

What usually appears in small print on company documents, sometimes with the country or city in which the company is registered?

<p>Registered number (C)</p> Signup and view all the answers

What may be included on a company's letterhead besides the address of the office sending the letter?

<p>Address of head office or registered office (C)</p> Signup and view all the answers

What does the abbreviation 'plc' indicate about a company in the UK?

<p>The company's shares can be bought and sold by the public. (A)</p> Signup and view all the answers

What does the abbreviation 'Inc.' at the end of a company name suggest in the USA?

<p>The company has unlimited liability. (D)</p> Signup and view all the answers

What does the abbreviation 'Ltd' suggest about a company in the UK?

<p>The company has unlimited liability. (B)</p> Signup and view all the answers

What does the abbreviation 'LIMrrED co.' suggest about a company in the UK?

<p>The company has limited liability. (D)</p> Signup and view all the answers

What does the abbreviation 'co.' indicate about a company?

<p>The company is a partnership between two or more people. (D)</p> Signup and view all the answers

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