Which Statement Is Untrue for Private (Pty Ltd)companies

question 51

Multiple Choice

Which statement is untrue for private (Pty Ltd) companies?

• A)They tend to be associated with smaller businesses.
• B)There are fewer private companies in Australia than public companies.
• C)They are less regulated than public companies.
• D)The shareholders are often family members.

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Definitions:

Foreclosed

The legal process by which a lender takes possession of a property due to the borrower's failure to pay the mortgage.

Improvements

Enhancements or upgrades made to a property or a product, increasing its value or functionality.

Mortgagees

Banks or other financial institutions that lend money to borrowers (mortgagors) for the purchase of property, holding a lien on the property as security for the repayment of the loan.

Security Interest

A security interest is a legal right granted by a debtor to a creditor over the debtor's property to secure the repayment of a debt.