Which of the Following Statements Is Not True of 'Voluntary

question 52

Multiple Choice

Which of the following statements is not true of 'voluntary administration' under the Corporations Act 2001?

• A)It refers to a voluntary winding up by a company's shareholders.
• B)It provides the company a temporary 'safety zone' away from creditors.
• C)It commences when an administrator is appointed.
• D)It is an alternative to liquidation.

---

Definitions:

Job Embeddedness

The extent to which employees feel committed to their job and community, influencing their decision to stay or leave the organization.

Human Resource Strategies

Long-term plans outlining how a company will manage and deploy its workforce to achieve its business objectives.

Organization's Culture

the values, beliefs, rituals, symbols, and practices that define the unique character and social environment of an organization.

HR Strategy Formulation

The process of developing and implementing plans and actions by the Human Resources department to align the workforce's skills and capabilities with the organization's overall strategic objectives.