A Voluntary Winding Up Commences When

question 13

Multiple Choice

A voluntary winding up commences when:

• A) the members of the company pass a special resolution to wind up.
• B) an application is filed with the court by the company's external auditor.
• C) the company is unable to pay its debts.
• D) ASIC applies to the court for the winding up.

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Definitions:

Equity Theory

Is concerned with a person’s perceived inputs to a (work) setting and the outcomes received from that setting. The theory suggests that everyone calculates the ratio of inputs to outcomes, similar to considering a return on any investment.

Human Resource Managers

Professionals responsible for overseeing an organization's personnel management, including recruitment, training, benefits, and compliance with labor laws.

Intrinsic Motivation

The drive to engage in an activity or behavior for its own sake, finding personal satisfaction and fulfillment rather than for some separable consequence like monetary reward.

Cognitive Perspective

A psychological approach focusing on the mental processes of knowledge acquisition, problem-solving, and decision-making.