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Accounting - Limited Companies

Quiz by Guerline Joseph

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15 questions
Show answers
  • Q1
    What is another name for a limited company?
    sole proprietor
    joint stock
    partnership
    franchise
    30s
  • Q2
    The owners of a company are referred to as:
    shareholders
    leaders
    proprietors
    chief executive officers
    30s
  • Q3
    The shareholders will appoint a _______ to manage a business on their behalf.
    partner
    stockholder
    board of directors
    limited owner
    30s
  • Q4
    The reward that shareholders receive for their investment into a company.
    capital
    stock
    dividend
    shares
    30s
  • Q5
    Which of the following documents would allow a company be recognized as a 'separate legal entity'?
    memorandum
    certificate of incorporation
    prospectus
    articles of association
    30s
  • Q6
    The _________ serves as an invitation to the general public to purchase shares within a company.
    memorandum
    prospectus
    certificate of trading
    articles of association
    30s
  • Q7
    Which of the following is paid a fixed rate of interest?
    ordinary shares
    preference shares
    30s
  • Q8
    Which type of preference shares would receive dividends in arrears?
    non-participating
    participating
    cumulative
    ordinary
    30s
  • Q9
    The amount of share capital for which payment has been requested but not yet received is known as:
    issued capital
    calls-in-arrears
    uncalled capital
    authorized capital
    30s
  • Q10
    Which of the following would have 'PLC' attached to the company's name?
    private-limited company
    public-limited company
    30s
  • Q11
    These are not actually shares but rather long-term loans to companies.
    treasury bills
    gilt-edged securities
    debentures
    deferred shares
    30s
  • Q12
    What advantage does a public limited company have over a private limited company?
    Shares are not easily transferable
    Its shares can be sold on the stock exchange
    It is managed by one director
    Its shareholders have limited liability
    30s
  • Q13
    What is the name of the Bahamian stock exchange?
    Bahamas International Securities Exchange
    Bahamas International Stock Exchange
    30s
  • Q14
    These are also called founders' shares
    deferred shares
    bonds
    treasury bills
    ordinary shares
    30s
  • Q15
    What is the largest stock exchange in the world?
    New York Stock Exchange (NYSE)
    London Stock Exchange (LSE)
    Bahamas International Securities Exchange (BISX)
    Toronto Stock Exchange (TSX)
    30s

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