In which of the following are the objectives of a company stated?

Assessment: WAEC SSCE - Commerce - 1994 (Objective) Subject: Commerce

Question 1 Report

In which of the following are the objectives of a company stated?
Answer Details
The objectives of a company are stated in the Memorandum of Association. The Memorandum of Association is a legal document that sets out the objectives, powers, and scope of activities of a company. It is a public document that must be filed with the Registrar of Companies when the company is incorporated. The Memorandum of Association provides the legal framework within which a company operates and defines its relationship with its shareholders and other stakeholders. It is one of the founding documents of a company and cannot be altered without the approval of the shareholders. The other options listed do not contain the objectives of a company.

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