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. While the treasurer plays a key role in financial matters, the responsibility of taking meeting minutes typically falls to a designated secretary or minute-taker.
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, as it enhances communication and understanding among participants.
Step 3
3. An extraordinary general meeting of shareholders must take place annually.
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Answer
False. An extraordinary general meeting is typically called as needed and is not required to occur annually; it is convened for specific purposes.
Step 4
4. AOB is usually listed at the top of a meeting agenda.
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Answer
False. AOB (Any Other Business) is usually listed at the end of a meeting agenda to allow for additional topics that may need to be discussed after the main agenda items.
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 participants required to validate the proceedings of a meeting, ensuring that decisions are made with appropriate representation.
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