Which of the Following Statements About a Private Company Is

question 19

Multiple Choice

Which of the following statements about a private company is correct?

• A) It is permitted to raise funds from the public.
• B) The company name must include 'Proprietary' or 'Pty'.
• C) There is no restriction for the maximum number of shareholders.
• D) The company's shareholders can only be family members.

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Definitions:

Compliance

The act of conforming to or following rules, guidelines, or instructions, often in a healthcare or legal context.

Foot-In-The-Door

A persuasive technique involving making a small request in order to gain compliance with a larger request later.

Obedience

The act of following orders or directions from authority figures, often studied in psychology.

Conformity

The act of matching attitudes, beliefs, and behaviors to what is considered normal or standard in one's social or cultural group.