Which of the Following Statements Is NOT Correct

question 28

Multiple Choice

Which of the following statements is NOT correct?

• A)Credit unions are supervised by APRA.
• B)To use the services of a credit union a customer must be a member.
• C)Credit unions are not subject to capital regulation.
• D)Credit unions include redeemed preference shares as part of the reserves in the capital account.

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Definitions:

Gantt Charts

Gantt charts are visual project management tools used to schedule tasks within a project, showing start and end dates, as well as dependencies between tasks.

Flow Charts

Diagrams that depict the sequence of steps in a process, showing how tasks are interconnected and flow from one to the next.

Top-management Commitment

The dedication and involvement of an organization's highest-ranking officers in supporting and driving a project or strategy.

Management By Objectives (MBO)

A management strategy in which employees and managers collaborate to set, monitor, and achieve specific objectives within an organization.