Civil Engineering Mcqs

Which is true about corporation ?

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Which is true about corporation ?

A. It is worse type of business organization.
B. The minimum number of incorporators to start a corporation is three.
C. Its life is dependent on the lives of the incorporators.
D. The stock holders of the corporation are only liable to the extent of their investments.

Which is true about partnership ?

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Which is true about partnership ?

A. It has a perpetual life
B. It will be dissolved if one of the partners ceases to be connected with the partnership
C. It can be handed down from one generation of partners to another
D. Its capitalization must be equal for each partner

In case of bankruptcy of a partnership________________?

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In case of bankruptcy of a partnership________________?

A. The partners are not liable for the liabilities of the partnership
B. The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
C. The partners personal assets are attached to the debt of the partnership
D. The partners nay sell stock to generate additional capital

Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence ?

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Is an artificial being created by operation of law, having the right of succession and the process, attributes and properties expressly authorized by the law or incident to its existence ?

A. Corporation
B. Property
C. Partnership
D. Organization

Engineering ethics refers to_______________?

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Engineering ethics refers to_______________?

A. The rules and standards given by an institution for Engineering practice
B. The rules and regulation relating to obligations and rights of others
C. The professional regulation
D. The rules and standards which govern the conduct of Engineers as professional Engineers