Question : Arrange the following steps in the correct sequence of the life of a company :
(A) Commencement of Business
(B) Incorporation
(C) Promotion
(D) Floatation
Choose the correct answer from the options given below :
Option 1: (A), (B), (C), (D)
Option 2: (A), (C), (B), (D)
Option 3: (B), (A), (D), (C)
Option 4: (C), (B), (D), (A)
Correct Answer: (C), (B), (D), (A)
Solution : Following is the correct sequence: 1. Promotion: Promoting a business entails coming up with a business idea and starting a firm on your own initiative. 2. Incorporation: Incorporation of a company means a legal process that is used to form a company or legal entity. 3. Floatation: A company gains a strong hold on both the primary and secondary markets when it goes public. It can aspire for greater development and raise more money for its business. 4. Commencement of Business: It refers to the point at which all procedures have been fulfilled and operations have begun.
