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Business Studies

Promotion of a Company

State the fol...

Question

State the following statement is True or False:
A promoter can be an individual or a company.

A

True

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B

False

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Solution

The correct option is A True
True
A promoter is a firm or person or company who does the preliminary work incidental to the formation of a company, including its promotion, incorporation, and flotation, and solicits people to invest money in the company, usually when it is being formed.

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