When an Entity Issues Shares,until Such Time as the Shares

question 37

Multiple Choice

When an entity issues shares,until such time as the shares are allotted,the amount received must be held in trust.It remains in trust (refer s.722 of the Corporations Act) until:

• A) so directed by ASIC.
• B) the shares are issued or transferred; or the money is returned to the applicants.
• C) options are issued over the shares.
• D) the Board of Directors indicate that the received monies are required by the entity.

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Definitions:

Behavior Therapists

Clinical professionals who use techniques based on behavioral and cognitive principles to treat psychological disorders and improve mental health.

Undesirable Behavior

Actions or conduct that are not desired or considered inappropriate in a given context or society.

Self-efficacy Theory

A theory developed by Albert Bandura that emphasizes the role of belief in one's own ability to complete tasks and achieve goals as crucial to success.

Reinforcement Value

The subjective attractiveness or desirability of a potential reward that influences the likelihood of achieving particular behaviors.