Which of the Following Statements Is True of Rules

question 35

Multiple Choice

Which of the following statements is true of rules?

• A) They are excellent for rapidly establishing a new pattern of behavior.
• B) They sometimes act as an impediment to adjusting to changes in the contingencies.
• C) Both a and b are correct.
• D) None of these are correct.

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Definitions:

Ordinary Shares

Securities that represent ownership in a corporation, giving the holder voting rights and a share in the company's profits via dividends.

Deferred Creditor

An entity to whom a payment is owed but the payment is delayed or deferred to a future date.

Trade Creditors

Amounts owed by a business to its suppliers for goods and services purchased on credit.

Liquidator's Remuneration

Compensation paid to a liquidator for carrying out the process of winding up a company, including selling off assets, paying creditors, and distributing any remaining funds to shareholders.