Which of the Following Provides the Basis for a Voluntary

question 22

Multiple Choice

Which of the following provides the basis for a voluntary winding up of a company?

• A) The company is unable to pay its debts.
• B) The company directors vote to wind up the company.
• C) A special resolution is passed by the company to wind up.
• D) ASIC submits a request for the company to be wound up.

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Definitions:

Resources

Inputs used in the production of goods and services, including labor, capital, land, and technology.

Goods and Services

The tangible and intangible outputs of an economy that satisfy consumer needs and wants.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public.

Factor Market

A marketplace for the services of a factor of production (e.g., labor, capital), where firms buy resources they need to produce goods and services.