Formation and Organization MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

This set of multiple choice questions (MCQs) focuses on the issues of formation and organization.

You can use this quiz to help prepare for your exams, interviews, and other assessments. Click the "Start quiz" button to get going!

1. A corporation or joint-stock company must function through:
2. The word "limited" should be used after the name of a:
3. The minimum number of members in a public limited company is:
4. The memorandum of association of a private limited company must be signed by at least:
5. The constitution of a company is called:
6. A company formed by Royal Charter is called:
7. The face value of shares is called:
8. Investors in a corporation are called:
9. The liability of the members of corporation is:

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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.