Match the following:

| A | B |
|---|---|
| 1. Public Company | i) Series of one's & zeros |
| 2. Departmental Undertakings | ii) Darjeeling Tea |
| 3. Digitization | iii) Limited Liability |
| 4. Geographical Indications | iv) Beyond the boundaries of the county |
| 5. Internati

Question

Match the following:

| A | B |
|---|---|
| 1. Public Company | i) Series of one's & zeros |
| 2. Departmental Undertakings | ii) Darjeeling Tea |
| 3. Digitization | iii) Limited Liability |
| 4. Geographical Indications | iv) Beyond the boundaries of the county |
| 5. International Business | v) Oldest form of public enterprise |
|  | vi) Special act |

Accepted Answer

>

> [!TLDR]
> Correct pairings: 1-iii, 2-v, 3-i, 4-ii, 5-iv. (Option vi, 'Special act', is an extra distractor that relates to a statutory corporation, which is not in column A.)
>
> Each item in column A is matched to its defining feature in column B:
>
> | A | B | Reason |
> |---|---|---|
> | 1. Public Company | iii) Limited Liability | A company is a separate legal entity where members' liability is limited to the amount unpaid on their shares. |
> | 2. Departmental Undertakings | v) Oldest form of public enterprise | Departmental undertakings are the oldest and most traditional form of organising public enterprises, run as a department of the government. |
> | 3. Digitization | i) Series of one's & zeros | Digitisation converts information into digital form, represented as a series of ones and zeros (binary). | …

Concept understanding — Company Formation Stages

Company Formation Stages — From Idea to Legal Entity

The Core Idea

Stage 1: Promotion

Stage 2: Incorporation

Stage 3: Subscription (or Capital Subscription)

Stage 4: Commencement of Business

A	B
1. Public Company	i) Series of one's & zeros
2. Departmental Undertakings	ii) Darjeeling Tea
3. Digitization	iii) Limited Liability
4. Geographical Indications	iv) Beyond the boundaries of the county
5. International Business	v) Oldest form of public enterprise
	vi) Special act

A	B	Reason
1. Public Company	iii) Limited Liability	A company is a separate legal entity where members' liability is limited to the amount unpaid on their shares.
2. Departmental Undertakings	v) Oldest form of public enterprise	Departmental undertakings are the oldest and most traditional form of organising public enterprises, run as a department of the government.
3. Digitization	i) Series of one's & zeros	Digitisation converts information into digital form, represented as a series of ones and zeros (binary).

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