Which of the Following Is Not a Possible Consequence of a Director

question 28

Multiple Choice

Which of the following is not a possible consequence of a director breaching a statutory duty to the company?

• A)The company will be deregistered
• B)A penalty of up to $200 000
• C)A jail term
• D)An order disqualifying the director from being a director

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Definitions:

Management By Objectives (MBO) Procedure

A performance management approach where managers and employees collaborate to set, monitor, and achieve specific objectives.

Setting Objectives

The method of setting clear, quantifiable, attainable, pertinent, and timely objectives for a person, group, or entity.

Fixed Costs

Costs that do not vary with the level of production or sales within the short term, such as rent, salaries, and insurance premiums.

Break-Even Analysis

A financial calculation to determine the point at which revenue equals costs, indicating no profit or loss.