The Director's Powers Cease and Are Not Returned to the Directors

question 15

Multiple Choice

The director's powers cease and are not returned to the directors under a:

• A)Voluntary administration
• B)Receivership
• C)Liquidation
• D)External administration

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Definitions:

Skill-Based Pay

A compensation system that bases an employee’s pay on the skills, knowledge, and abilities they demonstrate, rather than their job title or position.

Company Profits

The financial surplus generated from a company's operations after subtracting all expenses from its total revenue.

Job-Related Skills

Specific abilities and knowledge required to perform particular tasks or duties in a job.

Rewards

Benefits, both tangible and intangible, given to individuals or groups as recognition for their efforts and achievements.