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Question
Statement I: A company enjoys a good reputation and prestige in the business world.
Statement II: The membership of a public company is large and its ownership is generally diffused.
Options
Only I is correct.
Only II is correct.
Both I and II are correct.
Both I and II are wrong.
MCQ
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Solution
Both I and II are correct.
Explanation:
Statement I is correct because a company’s formal structure and legal registration help to give it a good reputation and prestige in the commercial world.
Statement II is also correct because a public company has a big membership and diffused ownership, with shares distributed among many shareholders.
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