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Run-Smart Co manufactures sports clothing for professional athletes. Products are designed to prevent injury and aid the post-exercise recovery process. The company regularly seeks feedback from athletes regarding the effectiveness of products and recommendations to take forward.

Required

Explain which kind of marketing system the organisation has.

What can strategic management accounting provide information or guidance about to a business?

Where would you most likely find information concerning the frequency of machine breakdowns causing lost production?

The fixed asset register

The machine maintenance schedule

Production output reports

The purchase ledger account for the supplier that provides replacement machine parts

Percy Limited has recently formed a contract with a third party which is restricted by the objects in the company's constitution.

Which of the following statements is/are correct?

The validity of the act cannot be questioned on the grounds of lack of capacity by reason of anything in the company's constitution.

The act may be restrained by the members of Percy Ltd.

The act may be enforced by the third party.

The directors have a duty to observe any limitation on their powers flowing from the company's constitution.

Which of the following persons are not bound to one another by the constitution?

Members to company

Company to members

Members to members

Company to third parties

What is the minimum number of members that a plc must have?

One

Two

Three

Four

A share premium account can be used for bonus issues of shares or issue costs for new share issues.

True

False

Which of the following statements correctly describes a rights issue?

An offer to debenture holders to purchase shares in the company

An offer to existing shareholders to purchase further shares in the company

The allotment of additional shares to existing shareholders in proportion to their holdings

Which of the following statements correctly describes a company's called up share capital?

The type, class, number and amount of shares issued and allotted to shareholders

The maximum amount of share capital that a company can have in issue

The amount the company has required shareholders to pay on existing shares

The amount shareholders have paid on existing shares

As a minimum, how many members must a public company have?