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Business Studies

Types of Partners , Partnership and Companies

Fill in the b...

Question

Fill in the blanks:
(a) A company is legally ___ from its members.
(b) Liability of every member in a company is _.
(c) Registration of a company is _.
(d) A company is managed by a _.
(e) In a private company, there must be at least members.
(f) A company has _ succession.

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Solution

(a) Separate
(b) Limited
(c) compulsory.
(d) Group of directors.
(e) 2
(f) Perpetual.

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Q. Mark the following statements True or False:
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