Which One of the Following Statements Is NOT True

question 72

Multiple Choice

Which one of the following statements is NOT true?

• A) Setting up a company involves registering with ASIC.
• B) The simplest form of business structure is the sole trader.
• C) Only a company allows the employment of staff and subcontractors.
• D) In a partnership business profits are not taxed at the company tax rate

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Definitions:

Counterproductive Projects

Projects or initiatives that have the opposite of the intended effect, often causing more harm than good.

Capital Markets

Financial markets where long-term debt or equity-backed securities are bought and sold, facilitating investment and growth.

Funds Efficiently

The effective and productive management of financial resources, ensuring the highest possible return or outcome with the least waste.

Economic Profit

This refers to the total revenue of a business minus its explicit and implicit costs, representing the true profitability after all costs are accounted for.