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Write True or False after each of the following statements - Leaving Cert Business - Question 7 - 2022

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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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114 rated

Answer

False. Typically, the secretary is responsible for taking the minutes of meetings, not the treasurer.

Step 2

2. A disadvantage of meetings is that they allow for clarification and feedback.

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104 rated

Answer

False. Allowing for clarification and feedback is generally considered an advantage of meetings.

Step 3

3. An extraordinary general meeting of shareholders must take place annually.

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101 rated

Answer

False. Extraordinary general meetings can be held as needed and are not required to occur annually.

Step 4

4. AOB is usually listed at the top of a meeting agenda.

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120 rated

Answer

False. AOB (Any Other Business) is typically listed at the end of the agenda.

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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117 rated

Answer

True. A quorum is the minimum number of participants required to validate the proceedings of a meeting.

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