Which of the Following Statements Is True in Regard to a Company

question 4

Multiple Choice

Which of the following statements is true in regard to a company limited by guarantee?

• A)An example of company limited by guarantee is the Australian Society of Certified Practising Accountants.
• B)Unless the company is exempted by the ASIC,it must include 'Limited' or 'Ltd' in its name.
• C)The liability of the members is limited to the monetary sum each member has agreed to contribute if the company is wound up.
• D)All of the above.

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Definitions:

Learning

The acquisition of knowledge or skills through experience, study, or being taught.

Learning

The process of acquiring knowledge, behaviors, skills, values, or preferences, often resulting from study, experience, or teaching.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Reinforcement

In behavioral psychology, it refers to any stimulus that strengthens or increases the probability of a specific response or behavior.