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BA4: Fundamentals of Ethics, Corporate Governance and Business
Law

CHAPTER 8 – COMPANY ADMINISTRATION

8.1 Which of the following TWO do not require any legal formalities to be set
up?

A Limited liability partnership

B General partnership

C Sole trader

D Limited liability company

8.2 A company is a separate legal entity. What is this known as?

A The shroud of incorporation

B The cloak of incorporation

C The façade of incorporation

D The veil of incorporation

8.3 One of the features of a company is that it will carry on regardless of the
change in ownership. What is this known as?

A Perpetual succession

B Enduring succession

C Permanent succession

D Constant succession

8.4 Which of the following is not a difference between a private and public
company?

A The number of directors

B The company name

C The need to be registered

D The requirement for a company secretary

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