Question :
Directions : Read the following information and answer the questions that follow.
XYZ is a business incubator that helps new and startup companies to develop by providing services such as management training or office space. It has three office spaces: A, B and C and a startup will be associated with XYZ for a minimum of 3 years. All the utility charges will be borne by XYZ. Startups need to fulfill the following conditions to have XYZ as their incubator:
(i) A minimum of 60% of the capital for the startup should be provided by the startup itself.
(ii) If a startup wants to rent workspace A or B, then it needs to pay the rent of 2 years in advance (₹500000) while if a startup wants to rent workspace C, then it needs to pay the rent of 1.5 years in advance (₹420000).
(iii) The strength of the company should not exceed 50, if it is a service based company and should not exceed 100 if it is a product based of company.
(iv) The incubator will provide accounting and legal help to only those startups that has more than 70% of its employees inexperienced (the job at the startup is their first one).
(v) The startup should pay 15% of the total utility charges in case it disintegrates within three years.
O'green is a product-based startup with 89 employees. They signed a contract for 3 years with XYZ on 22nd November, 2014. They rented space B and accumulated 70% of the capital for their company. They are designated to receive accounting and legal help by XYZ. Which of the following can be concluded from the given situation?
1. Almost all the employees of O'green are inexperienced.
2. None of the given
3. O'green will have to pay 15% of the total utility charges.
4. 30% of the capital for O'green will be provided by XYZ.
5. O'green should reduce their strength to 50.
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