Which of the Following Parties Is/are Covered by the Definition

question 8

Multiple Choice

Which of the following parties is/are covered by the definition of a related party in AASB 124?

• A) Independent directors.
• B) Retired chief executive officer.
• C) Son-in-law of an executive director.
• D) All of the given answers.
• E) Retired chief executive officer and son-in-law of an executive director.

---

Definitions:

Regulatory Sequences

Segments of DNA that are involved in controlling the activity of genes, including when, where, and how much of a gene product is made.

Constitutive

Expressed continuously under normal physiological conditions, not subject to regulation by environmental conditions.

Lac Operon

A set of genes involved in the metabolism of lactose in bacteria, along with their promoter and operator sequences that control their expression.

Repressor Protein

A type of protein that binds to specific DNA sequences and inhibits the expression of a gene by blocking RNA polymerase.