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Which organisation ensures that Barb's Batteries Pty Ltd operates in a financially responsible manner? A - HSC - SSCE Business Studies - Question 18 - 2017 - Paper 1
Question 18
Which organisation ensures that Barb's Batteries Pty Ltd operates in a financially responsible manner? A. Australian Securities and Investments Commission B. Austra... show full transcript
Worked Solution & Example Answer:Which organisation ensures that Barb's Batteries Pty Ltd operates in a financially responsible manner? A - HSC - SSCE Business Studies - Question 18 - 2017 - Paper 1
Step 1
Identify the Correct Organisation
Answer
The correct organisation is the Australian Securities and Investments Commission (ASIC). ASIC is responsible for regulating corporate and financial services and ensuring that Australian companies comply with the law, thus ensuring they operate in a financially responsible manner.