What is the standard of care of directors under the Canada Business Corporations Act? To exercise the care, diligence and skill that
A) an experienced professional would exercise in comparable circumstances.
B) a reasonably prudent person would exercise in comparable circumstances.
C) a reasonable professional would exercise in comparable circumstances.
D) an experienced director would exercise in comparable circumstances.
E) the ordinary qualified director would exercise in comparable circumstances.
E
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Businesses with partial knowledge of customers or competitors are less likely to employ reactive strategies
Indicate whether the statement is true or false
In an effort to help one of her corporate customers avoid paying a large amount for
income tax, Jenny an accountant helped the company to prepare a fraudulent tax return. The fraud was discovered by Revenue Canada. Which of the following statements is TRUE? A) Jenny may be held liable for up to 75% of the gross amount of the fraud B) Jenny may be held liable for up to 100% of the gross amount of the fraud C) Jenny may be held liable for up to 25% of the gross amount of the fraud D) Jenny may be held liable for up to 50% of the gross amount of the fraud. E) Jenny may be held liable for up to 40% of the gross amount of the fraud
TOMS Shoes generates interest in its products without a large advertising budget. It uses a Facebook page to create buzz. This is an example of a
A. strategic action. B. focused advantage. C. differentiated focus. D. tactical action.
Because negotiable instruments are more valuable than non-negotiable ones, it is important for buyers and sellers to be able to tell, easily and accurately, if an instrument is indeed negotiable. What six standards must an instrument meet in order for it to be negotiable?