A Voluntary Winding Up of a Company Officially Commences When

question 45

Multiple Choice

A voluntary winding up of a company officially commences when:

• A)The company becomes insolvent.
• B)The shareholders pass a special resolution to the effect that the company should be wound up.
• C)The shareholders appoint a liquidator to wind up the company.
• D)The shareholders appoint a receiver to wind up the company.

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Definitions:

Nonunion Environments

Workplaces where no labor unions represent the workers, often characterized by more direct employer-to-employee relations.

Management

The process of dealing with or controlling things or people, which includes planning, organizing, leading, and controlling an organization’s resources to achieve specific goals.

Universal Declaration

Often refers to the Universal Declaration of Human Rights adopted by the United Nations General Assembly, outlining basic human rights to be universally protected.

Human Rights

The fundamental rights and freedoms that every person is entitled to, regardless of nationality, place of residence, sex, national or ethnic origin, color, religion, language, or any other status.