Where a Company Is Not Being Managed Properly, Shareholders Can

question 16

Multiple Choice

Where a company is not being managed properly, shareholders can commence legal action against a company if they can establish that there has been "oppressive conduct".The meaning of oppressive conduct does not encompass conduct that is contrary to the interests of:

• A)Ordinary members.
• B)Shareholders.
• C)A class of members.
• D)The public.

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Definitions:

Utilities Expense

The cost incurred by a business for basic utilities such as water, electricity, gas, and sewage services.

Slide

The error that results in adding or deleting zeros in the writing of a number. Example: 79,200 → 7,920.

Error

A mistake or inaccuracy in financial records or calculations.