篩選結(jié)果 共找出27題

Which of the following is an effect of a company's separate legal personality??

A

?Members and directors of a company are protected from the force of the law?

B

?The company is liable for its own debts?

C

?Members have no liability in the event of the company being insolvent?

?In which of the following situations will the courts lift the veil of incorporation??

A

?Where a director commits fraudulent trading?

B

?Where a member of a solvent company fails to pay the company what is outstanding on their share?capital?

C

?Where an employee commits a tort in the course of their employment?

?Which of the following indicates that a business is being run as a sole trader??

A

?Which of the following indicates that a business is being run as a sole trader??

B

?It does not file accounts with the Registrar of Companies?

C

?The business is run by one person who is not legally distinct from the business?

D

?Share capital of the business is not sold on a recognised stock exchange?

?A group of friends wish to set up a business. They wish to limit their liability for the business' debts to an?amount that they agree to when the business is formed.??

Which of the following businesses is most suitable to the needs of the group??

A

?An unlimited company?

B

?A company limited by shares?

C

?A partnership?

D

?A corporation sole?

?Which TWO of the following are true regarding public companies??

(1) A public company must have a minimum of two members??

(2) A public company must have a minimum of two directors?

(3) A public company cannot be an unlimited liability company?

?(4) A public company must have 'ltd' at the end of its name?

A

?1 and 2?

B

?2 and 3?

C

?2 and 4?

D

?3 and 4?

Which of the following is NOT a criteria that a company must meet if it is to qualify for the small companies'?regime???

A

?Balance sheet total of not more than ￡5.1 million?

B

?Net profit of no more than ￡1.0 million?

C

?Turnover of not more than ￡10.2 million?

D

?An average of 50 or fewer employees?

?Which term is used to describe the type of company that has its shares traded on a public stock exchange??

A

?Listed company?

B

?Public company?

C

?Private company?

D

?Unlimited company?

?Which of the following statements regarding parent companies is NOT correct??

A

?A company is a parent company if it holds the majority of the voting rights in another company?

B

?A company is a parent company if it has the right to exercise dominant influence over another?company?

C

?A company is a parent company if it holds debentures in another company?

D

?A company is a parent company of any subsidiaries that its subsidiary company controls?

?Which of the following statements in regards to a company's legal personality is correct??

A

?Separate legal personality exempts members from liability if the company is liquidated?

B

?Separate legal personality only applies to private limited companies?

C

?Separate legal personality does not apply to unlimited liability companies?

D

?Separate legal personality can be ignored in certain circumstances?

?In which TWO of the following circumstances may the veil of incorporation be lifted??

(1) To allow directors of insolvent companies to be found liable for the debts of the company??

(2) To treat a group company as a single economic entity??

(3) To allow an auditor access to company records

?(4) To allow a private company to re-register as a public company?

A

?1 and 2?

B

?1 and 3?

C

?2 and 3?

D

?3 and 4?