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Questions and Answers
What is a key requirement for a company to be considered a private company?
What is a key requirement for a company to be considered a private company?
- Having a minimum prescribed paid up capital (correct)
- Having a large number of shareholders
- Being incorporated in multiple countries
- Being publicly listed on the stock exchange
What distinguishes a private company from a public company?
What distinguishes a private company from a public company?
- Minimum paid up capital requirement (correct)
- Annual revenue
- Industry sector
- Number of employees
Which factor is specified in the company's articles to determine its status as a private company?
Which factor is specified in the company's articles to determine its status as a private company?
- Paid up capital (correct)
- Number of customers
- Profit margin
- Market share
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