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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