Which of the Following Statements Is Not True in Regards

question 7

Multiple Choice

Which of the following statements is not true in regards to companies?

• A)Members are only liable for the debts of the company if they have not fully paid for their shares.
• B)The business can continue if the directors die or resign their positions.
• C)They must report to the Australian Securities and Investments Commission (ASIC).
• D)Directors usually require shareholder approval for important management decisions.

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Definitions:

Business Plan

A formal written document that describes in detail how a business, usually a new one, is going to achieve its goals.

Business Plan

A written document that outlines the objectives, strategies, target market, and financial forecasts for a business venture.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using known variables to predict future income, asset values, and withdrawal plans.

Business Plan

A detailed document that outlines a company's goals, strategies, market analysis, financial forecasts, and operational structures.