Which of the Following Statements Is Correct

question 23

Multiple Choice

Which of the following statements is correct?

• A)the Corporations Act contains an extensive amount of legal prescription concerning the role of the board as a whole
• B)the legal framework for the operation of the company is contained in the provisions of the Income Tax Assessment Act 1936
• C)the company,and its resources,are owned by the directors
• D)the board of directors acts as the custodian and manager of the company's resources

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Definitions:

Approach

The method or process taken towards dealing with a problem or task.

Avoidance

A behavioral or psychological strategy to disengage or prevent encountering distressing situations, thoughts, or feelings.

Lewin

A psychologist known for his contributions to social, organizational, and applied psychology, including the development of field theory.

Approach/Approach Conflict

A decision-making dilemma involving two desirable options, causing psychological stress.