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A document in which the internal regulations of a company are stated is

Commerce
WAEC 2023

A document in which the internal regulations of a company are stated is

  • A. Certificate of Incoporation
  • B. Articles of Association
  • C. Memorandum of Association
  • D. Partnership Deed
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Correct Answer: Option B
Explanation

Articles of Association form a document that specifies the regulations for a company's operations and defines the company's purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.


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NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts