Which of the Following Statements About Proprietary Companies Is Not

question 61

Multiple Choice

Which of the following statements about proprietary companies is not true?

• A)It can be distinguished from a public company based on the maximum number of shareholders.
• B)It cannot undertake fundraising activities that require the issue of a prospectus.
• C)It is not subject to as many obligations as a public company under the Corporations Act.
• D)It must be either a 'major proprietary company' or a 'minor proprietary company'.

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Definitions:

Aversive Stimulus

A negative or unpleasant stimulus that is used to induce a change in behavior through aversion therapy or conditioning.

Positive Punishment

A behavioral concept where introducing an undesirable consequence after an action decreases the likelihood of that action being repeated.

Spanked

The act of striking the buttocks of another person to cause physical pain, typically used as a form of punishment.

Running Into

Encountering or unexpectedly meeting someone or something.