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.

Identify and analyze group norms.

Recognize the factors that enhance individual performance in group settings.

Understand the dynamics and consequences of groupthink.

Recognize the concept of social facilitation.

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Definitions:

Principal

In a contractual relationship, the principal is the party who authorizes an agent to act on their behalf.

Certified Mail

A postal service that provides the sender with a mailing receipt and electronic verification that an item was delivered or that a delivery attempt was made.

Supreme Court of Tennessee

The highest appellate court in the state of Tennessee, responsible for interpreting state laws and constitution.

Vicariously Liable

The legal principle that holds a party responsible for the actions of another, typically in employer-employee relationships, even if the party was not directly involved in the incident.