The Basis for a Voluntary Winding Up of a Company

question 38

Multiple Choice

The basis for a voluntary winding up of a company is:

• A) the company directors voting to wind up the company.
• B) the company is unable to pay its debts.
• C) the passing of a special resolution by the company to wind up.
• D) a request from ASIC for the company to be wound up.

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Definitions:

Outputs

Refers to the signals or data sent from a system to actuate or inform another system or component.

Thermocouple Temperature

A measure of temperature using a thermocouple, a type of temperature sensor made from two different metals joined at one end that generates a voltage proportional to temperature.

LED Display

A screen or panel comprised of light-emitting diodes, used for displaying information visually.

Logic

The foundation of reasoning and decision making in both computing and human thinking, involving principles of validity in arguments and operations.