Which of the Following Statements Relating to the ASX Corporate

question 54

Multiple Choice

Which of the following statements relating to the ASX Corporate Governance Principles is incorrect?

• A)Companies should actively promote ethical and responsible decision-making.
• B)Risk oversight and internal control are not necessarily areas companies can manage.
• C)Companies should promote timely and balanced disclosure of all material matters concerning the company.
• D)The audit committee should be structured so that it consists only of non-executive directors.

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Definitions:

Quantity Supplied

This term refers to the total amount of goods that sellers are ready to sell in the market at a certain price point, within a defined time frame.

Price Ceiling

A legal maximum price that can be charged for a good or service, aimed at preventing prices from becoming too high.

Rent Control Program

Government policies that limit the amount landlords can charge for rent to make housing more affordable for tenants.

Agricultural Commodities

Products derived from farming or the cultivation of land such as grains, vegetables, fruits, and livestock.