Under the Corporations Act, a Proprietary Company Is Classified as 'Small

question 13

Multiple Choice

Under the Corporations Act, a Proprietary company is classified as 'small' if it can satisfy two out of three conditions. Which of the following are two of those conditions?

• A) Consolidated gross assets less than $12.5 million and fewer than 200 employees.
• B) Consolidated gross revenue less than $25 million and less than 200 employees.
• C) Consolidated gross assets less than $5 million and less than 50 employees.
• D) Consolidated gross assets less than $12.5 million and consolidated gross revenue less than $25 million.

Comprehend the significance of technological advancements, such as the microprocessor, in computing history.

Understand the role of technology in protecting data and enhancing cybersecurity.

Explain the concept of digital literacy and its importance in the modern world.

Identify how technology addresses accessibility and inclusivity challenges.

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Definitions:

Event

An organized occasion such as a meeting, concert, or sports game, where people gather to participate in activities or discussions.

Fast-Growth Ventures

Businesses characterized by a rapid increase in revenue or size in a short amount of time, indicative of significant market demand for their products or services.

Sole Entrepreneurs

Individuals who own, operate, and are solely responsible for the management and risks of their business.

Financial Backing

Financial backing refers to monetary support provided by investors or sponsors to fund a project, business, or initiative.