Which of the Following Statements Is Incorrect

question 27

Multiple Choice

Which of the following statements is incorrect:

• A) once a receiver is appointed, the company is required to submit to them a report as to affairs of the company within 14 days.
• B) a receiver is required to open a special bank account and lodge a statement of receipts and payments every 6 months.
• C) wages, superannuation contributions, the superannuation guarantee change, long service leave, sick leave and retrenchment payments are to be given priority over circulating security interests when the company is in receivership, but not yet in the process of being wound up.
• D) a receiver is required to obtain permission from the company before selling any assets.

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Definitions:

Performance Measures

Metrics or indicators used to assess the effectiveness, quality, or efficiency of an individual's, group's, or organization's output or activities.

Rewards

Benefits or recognition given to employees for their work performance, often used as a motivational tool within organizations.

Referral Bonus

A financial reward given to an employee for recommending a candidate who is then successfully hired.

Employment Offer

A formal proposal of employment provided by an employer to a potential employee, specifying details such as position, salary, and conditions.