Question

20. What is the first step in the formation of a company?
(A) to prepare memorandum of association
(B) to prepare the issue of prospector
(C) to prepare the nomination of directors
(D) None of these​

Answer 1

Answer:

c

Explanation:

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Answer 2

The answer is none of these.

• Before starting a company or a business there should be a clear idea of what the business would be all about. Creating a credible and successful business idea is a very difficult and one of the most important tasks before forming a business or a company.
• Complete market research should be done and the needs of the consumers should be assessed.
• The idea should have something unique about it in order to stand out in the competitive world.
• The arrangement of capital or the source of capital should be taken from appropriate sources.