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Which of the following statements are correct regarding companies'?
1. Both public and private companies must have a minimum amount of share capital before they can commence trading.
2. The shareholders of both public and private companies cannot interfere in the management of the company.
3. The minimum number of directors for both public and private companies is two
Suggested Answer: A
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14 comments · newest first
WI
Willard
12 months ago
Isn't it weird that both types of companies have the same director minimum?
DE
Detra
12 months ago
Definitely agree with the share capital requirement!
RO
Rosio
1 year ago
Wait, I thought private companies only needed one director?
LO
Lon
1 year ago
I disagree, shareholders can influence management in some cases.
CA
Catalina
1 year ago
Public companies need a minimum share capital, that's true.
GA
Gaston
1 year ago
I'm a bit confused about the share capital rules for private companies; I thought they might have different requirements than public ones.
KA
Katina
1 year ago
I practiced a similar question about directors' requirements, and I believe both types of companies need at least two directors.
JA
Jackie
1 year ago
I think shareholders can influence management to some extent, especially in private companies, so statement 2 seems off.
JA
Javier
1 year ago
I remember studying that public companies do need a minimum share capital, but I'm not sure about private companies.
PO
Portia
1 year ago
This looks like a classic GDPR question. I'll apply the RTBF principles and process of elimination to determine the correct answer.
LI
Lili
1 year ago
This feels similar to a practice question we did on WACC and tax effects, but I can't recall if I should add or subtract anything with that value spread.
MI
Mignon
1 year ago
This is a good question that tests our understanding of the Approved Supplier List. I think the answer is B, the global entry that applies to my suppliers. The global entry would take precedence over a local entry, even if the local entry is more specific to my organization. I'll double-check my work, but I'm feeling good about this one.
CH
Chuck
1 year ago
Hmm, I'm a bit unsure about this one. I'll need to think through the different options and how they could help ensure network continuity.
GE
Georgiann
1 year ago
I remember we discussed these supplementary features during class, and I think secure SIP lines could be a valid choice too.