Which of the Following Statements Is Not True for a Company

question 41

Multiple Choice

Which of the following statements is not true for a company limited by guarantee?

• A)The owners guarantee to contribute an agreed amount of cash or other assets to the company in the event of the company winding up
• B)This form of business structure is popular among sporting clubs
• C)Companies limited by guarantee are separate legal entity
• D)Companies limited by guarantee are not separate legal entity

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Definitions:

Ocean Currents

Streams of seawater that move through the earth's oceans in a regular pattern, influenced by wind, salinity, and temperature differences.

Cold Current

A mass of seawater that moves from higher to lower latitudes, typically colder than the surrounding waters and influencing local climates.

Arid Lands

Regions characterized by a severe lack of available water, to the extent of hindering or preventing the growth and development of plant and animal life.

Subtropics

Geographical zones located directly north and south of the tropics, approximately centered on 30°S and 30°N.