Which of the Following Statements Is NOT Correct

question 15

Multiple Choice

Which of the following statements is NOT correct?

• A)Credit unions are not allowed to accept deposits from retail investors.
• B)Credit unions and building societies are supervised by APRA.
• C)Finance companies are not allowed to accept deposits.
• D)Finance companies are supervised by ASIC.

Understand knowledge management and the significance of setting training objectives.

Recognize learning principles and their application in designing and evaluating training programs.

Identify the steps in creating and implementing employee development plans.

Understand the sequence and components involved in the selection process.

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Definitions:

Doctrine of Constructive Notice

A principle in law whereby individuals are assumed to be aware of their legal rights and obligations, even if they do not possess actual knowledge of them.

Indoor Management Rule

A party dealing with a corporation may assume that the officers have the valid and express authority to bind the corporation.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Personal Liability

The legal responsibility of an individual to satisfy debts or obligations from their personal assets when they cannot be met through insurance or other protections.