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True/False Answer Question: Expert who help promoters in the promotion of a company are also called promoters. - Business Studies

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Question

True/False Answer Question:

Experts who help promoters in the promotion of a company is also called promoters.

Options

  • True

  • False

MCQ
True or False

Solution

The statement is FALSE.
A promoter is an individual who discovers the idea of the formation of a company and takes steps to achieve this purpose. On the other hand, experts who help promoters in promoting a company are not considered as promoters. They only assist the promoters.

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Promotion of a Company
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Chapter 7: Formation of a Company - True or False [Page 179]

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NCERT Business Studies [English] Class 11
Chapter 7 Formation of a Company
True or False | Q 4 | Page 179
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