Q. Fraudulent trading may be
  • (A) A criminal offence committed only by directors of a limited company
  • (B) A civil and a criminal offence committed only by directors of a limited company
  • (C) A civil and a criminal offence committed by any employee
  • (D) A civil offence committed by any employee
πŸ’¬ Discuss
βœ… Correct Answer: (C) A civil and a criminal offence committed by any employee
Q. Directors’ responsibilities are unlikely to include
  • (A) a duty of care
  • (B) a duty to keep proper accounting records
  • (C) a fiduciary duty
  • (D) a duty to propose high dividends for shareholders
πŸ’¬ Discuss
βœ… Correct Answer: (D) a duty to propose high dividends for shareholders