Business Units and Organizations

Match each company formation document or capital concept in Column A with its corresponding legal definition or function in Column B.

Which document functions as the internal rulebook governing the governance structure, voting rights of shareholders, and appointment procedure of directors in a private limited company?

A public limited company is legally permitted to commence business operations and exercise its borrowing powers immediately upon receiving its Certificate of Incorporation.

Match each corporate security or stock market concept associated with a Public Limited Company on the left with its defining legal or financial characteristic on the right.

A public limited company raises long-term corporate finance by issuing various financial instruments to investors. Which statement accurately describes the financial status and rights of debenture holders in a public limited company?

Match each type of cooperative society with the primary operational focus or economic need it addresses for its members.

A group of small-scale cocoa farmers in Ondo State formed an enterprise to bulk-purchase agricultural inputs directly from manufacturers and collectively process and market their harvested crops. Which type of cooperative society best describes this business organization?

Match each Rochdale cooperative principle on the left with its correct operational description on the right.

Which form of control is directly exercised over a public corporation when the legislature debates its audited annual financial statements and examines its operational reports?

In a statutory public corporation established to manage a nation's electricity grid, day-to-day operations are handled by executive management. Which authority holds the statutory responsibility for formulating general policy directives and appointing members of the governing board?

Match each public sector reform scenario with the structural policy instrument it illustrates.

In a holding-subsidiary business combination, the subsidiary company completely surrenders its separate legal entity status and ceases to exist as a distinct corporate body once the holding company acquires more than 50% of its voting shares.

Under a national economic reform program, a government-owned seaport authority was restructured to operate as a self-sustaining corporate entity aimed at making profit, without any transfer of equity to private investors or removal of state ownership. Which structural reform policy does this transformation illustrate?

Apex Flour Mills Plc and Zenith Bakery Products Ltd agree to merge their operations into a single company so that wheat flour milling and commercial bread baking are managed under one corporate structure. Which type of business combination does this merger illustrate?

Match each commercial organization listed on the left with its principal aim or scope of operation on the right.

In commercial practice, while both Trade Associations and Chambers of Commerce aim to promote business activities, which of the following features uniquely characterizes a Chamber of Commerce?

Complete the statement below regarding public enterprise reform policies in Commerce.

Which of the following represents the primary source of initial capital used by a sole proprietor to establish a small business?

The promoters of a newly proposed enterprise, Apex Logistics Limited, prepared their statutory incorporation documents for submission to the Corporate Affairs Commission (CAC). In their filing, they included the following proposals:

1. Stating the authorized share capital in the Memorandum of Association.
2. Insetting internal rules governing share forfeiture and directors' borrowing powers in the Articles of Association.
3. Issuing a public prospectus inviting subscriptions for $1,000,000$ ordinary shares to raise initial capital.
4. Inserting a clause restricting the transfer of shares without board approval.

Which of these proposed actions directly violates the statutory legal requirements of a private limited company and will cause the application to be rejected?

Match each sole proprietorship concept on the left with its correct economic feature or operational implication on the right.