If a Company Has Not Reached a Minimum Subscription Level

question 9

True/False

If a company has not reached a minimum subscription level within 90 days of the date of the disclosure document, the money paid in by applicants must be refunded by the company within 1 month in accordance with the requirements of ss 724(1) and (2) of the Corporations Act.

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Definitions:

Phonological Loop

A component of working memory model that deals with the auditory information, playing a key role in the processing and storage of verbal and auditory data.

Visuospatial Sketchpad

A component of working memory responsible for the temporary storage and manipulation of visual and spatial information.

Short-Term Memory

The part of the memory system that is responsible for holding small amounts of information in an active, readily available state for a short duration.

Chunking

A cognitive strategy for making more efficient use of short-term memory by grouping related items together into a single unit or "chunk."