Corporate Governance Is About: (I)the Many Relationships in Which an Organisation

question 38

Multiple Choice

Corporate governance is about: (i) the many relationships in which an organisation is involved and how these relationships are managed (ii) putting in place policies that allow for the various relationships of the organisation to be successfully managed (iii) putting in place structures that allow for the various relationships of the organisation to be successfully managed.

• A)(i)only
• B)(i)(ii)only
• C)(i)(iii)only
• D)(i)(ii)(iii)

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Definitions:

Net Income

The remaining profit of a company after all necessary subtractions, such as taxes and expenses, from its revenue.

Net Income

A company's remaining earnings after deducting all taxes and costs from the complete revenue.

Income Splitting

A tax strategy used to transfer income from a higher-tax-rate taxpayer to a lower-tax-rate taxpayer to reduce the total tax paid.

Salary Allowances

Additional monetary benefits provided to employees on top of their regular salary, potentially for specific purposes or expenses.