New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    What does P stand for in the term POEM

    ?
    A Person Correct Answer Incorrect Answer
    B Place Correct Answer Incorrect Answer
    C Point Correct Answer Incorrect Answer
    D Product Correct Answer Incorrect Answer
    E Plan Correct Answer Incorrect Answer

    Solution

    POEM is Place of effective management.

    The Finance Bill, 2015 introduced the concept “Place of Effective Management'' (POEM), which is a place where the key management and commercial decisions necessary for conducting a company’s business activities are made. It replaced the word “control and management”.

    Practice Next

    Relevant for Exams: