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Question
Persons who start a company are called ______.
Options
Shareholders
Directors
Promoters
Auditors
MCQ
Fill in the Blanks
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Solution
Persons who start a company are called Promoters.
Explanation:
They are the people who conceive the idea, organize resources, and take the necessary steps to form a company,hence “persons who start a company.”
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Chapter 6: Company Accounts - Issue of Shares - OBJECTIVE TYPE QUESTIONS [Page 6.200]
