Which Statement in Relation to a Company Is Not Correct

question 10

Multiple Choice

Which statement in relation to a company is not correct?

• A)The directors are required to report to the shareholders by means of financial statements.
• B)The directors are appointed by the shareholders.
• C)If the accounts are required to be audited, the auditors are appointed by the directors.
• D)None of the above, i.e., all are correct statements.

Understand the concept of obedience and the factors that affect it.

Recognize the importance of situational influences on social behavior.

Identify the characteristics and dynamics of group behavior.

Understand the psychological mechanisms behind conformity and how cultural context impacts it.

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Definitions:

ΔTR/Δq

Represents the change in total revenue divided by the change in quantity sold, indicating marginal revenue.

TR/q

Represents Total Revenue divided by quantity, a formula used to calculate average revenue per unit sold.

Short Run

A period during which at least one of a firm's inputs is fixed and cannot be changed.

Average Total Cost

The total cost of production divided by the quantity of output produced, it includes all variable and fixed costs.