Write True or False after each of the following statements - Leaving Cert Business - Question 7 - 2022
Question 7
Write True or False after each of the following statements.
1. The treasurer is responsible for taking the minutes of a meeting.
2. A disadvantage of meetings is t... show full transcript
Worked Solution & Example Answer:Write True or False after each of the following statements - Leaving Cert Business - Question 7 - 2022
Step 1
1. The treasurer is responsible for taking the minutes of a meeting.
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Answer
False. The responsibility of taking minutes typically falls to the secretary of the meeting, not the treasurer.
Step 2
2. A disadvantage of meetings is that they allow for clarification and feedback.
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Answer
False. Allowing for clarification and feedback is generally considered an advantage of meetings, not a disadvantage.
Step 3
3. An extraordinary general meeting of shareholders must take place annually.
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Answer
False. Extraordinary general meetings are typically called as needed and may not occur annually; they are called for specific issues.
Step 4
4. AOB is usually listed at the top of a meeting agenda.
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Answer
False. 'Any Other Business' (AOB) is usually listed toward the end of a meeting agenda rather than at the top.
Step 5
5. A quorum refers to the number of members/shareholders who must be present before a meeting can take place.
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Answer
True. A quorum is the minimum number of members required to be present for the meeting to be valid and to make decisions.
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