What Are the 'Replaceable Rules

question 26

Multiple Choice

What are the 'replaceable rules'?

• A) The rules governing the content of a prospectus.
• B) The internal management rules contained in the company's constitution.
• C) Internal management rules contained in the Corporations Act 2001 (Cth).
• D) The rules governing the employment of company managers.

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Definitions:

Economy

A system of production, distribution, and consumption of goods and services in a particular geographic region.

Production Possibilities

A graphical representation showing the maximum quantity of goods and services that an economy can produce when all resources are used efficiently.

Circular-Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.

Capital

Resources made and used to produce and distribute goods and services; examples include machinery, buildings, and tools.