'Allotment' involves the business practice of:

Question

Quizplus · Accepted Answer

'Allotment' refers to the process of allocating shares to members of the public who have applied for them. This is typically done by companies when they have decided to issue new shares or when existing shareholders have sold some of their shares and the company needs to transfer them to new owners. Option A refers to the transfer of shares between existing members, while Option B refers to the process of inviting the public to subscribe for shares in a company - this typically happens before the shares are allotted. Therefore, the correct answer is C.

'Allotment' Involves the Business Practice Of