In Australia, the Two Most Common Types of Companies Are

question 39

Multiple Choice

In Australia, the two most common types of companies are:

• A) public companies and companies limited by guarantee.
• B) proprietary and public companies.
• C) proprietary and no liability companies.
• D) public and no liability companies.

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Definitions:

Formal Channels

These are officially established and structured paths for communication or information flow within an organization.

Tangible Assets

Physical and material assets that have intrinsic value, such as machinery, buildings, and inventory.

Intangible Assets

Non-physical assets that have value, such as patents, trademarks, copyright, and goodwill.

Sales Potential

An estimate of the maximum total revenue a product or service can generate under ideal conditions.