Liability for negligence in the performance of corporate duties may extend to

A) directors only.
B) officers only.
C) directors and officers.
D) none of the choices.

Personality characteristics and experience may colour managers' perceptions of the environment.

GAAP's provision for ownership of goods (goods-in-transit or consigned goods) as well as which costs to include in inventory as compared to IFRS are: $\begin{array}{lc}\underline{\text{ Ownership of goods}}& \underline{\text{ Costs to include in inventory }}\end{array}$
A) $\begin{array}{lc}\text{ essentially similar }& \text{ essentially similar }\end{array}$
B) $\begin{array}{lc}\text{ essentially different }& \text{ essentially different }\end{array}$
C) $\begin{array}{lcc}\text{ essentially similar }& & \text{ essentially similar }\end{array}$
D) $\begin{array}{lc}\text{ essentially different }& \text{ essentially similar }\end{array}$

Chelonia Mydas purchased a machine for $500 000 three years ago. The machine can be fully depreciated for tax purposes over 5 years. The tax rate is 30 per cent. What is the carrying amount of this machine for tax purposes?

A) $200 000
B) $140 000
C) $100 000
D) $70 000

Among other things, companies using the just-in-time (JIT)approach, produce only in response to a customer order meaning that workers will not be idle whenever demand falls below the company's production capacity.

To accomplish the goals of increasing sales, increasing store traffic, and discouraging competition, which of the following is an appropriate strategy?

A) penetration pricing
B) price skimming
C) psychological pricing
D) price lining