BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Charter
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The grant of authority or rights, stating that the granterformally recognizes the prerogative of the recipient toexercise the rights specified
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A document setting out a business’s future objectives andstrategies for achieving them
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -charter, a document granting certain specified rights, powers, privileges, or functions from the sovereign power of a state to an individual, corporation, city, or other unit of local organization.
Detailed explanation-2: -First, a charter can be defined broadly as the highest law of an entity. More specifically: In corporate law, the articles of incorporation. In public law, the instrument by which a municipality is incorporated (e.g., city charter).
Detailed explanation-3: -Memorandum of Association is the document which is called the charter of the company.
Detailed explanation-4: -The three main types of charter are: demise charter, voyage charter, and time charter.
There is 1 question to complete.