Which of the Following Statements Is Correct

question 11

Multiple Choice

Which of the following statements is correct?

• A) It was in 2000 that Canadian accounting standards required firms to include stock option grants as part of their compensation expense.
• B) Canadian accounting standards did not require firms to include stock option grants as part of their compensation expense until the Asian flu happened in the mid-90s.
• C) Canadian accounting standards did not require firms to include stock option grants as part of their compensation expense until Nortel announced bankruptcy protection in 2009.
• D) Until 2005, Canadian accounting standards did not require firms to include stock option grants as part of their compensation expense.

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Definitions:

Goal Clarity

The extent to which the objectives or desired outcomes of a task or project are clearly defined and understood.

Goal-path Clarity

signifies the clear understanding of the objectives to be achieved and the specific methods or steps required to reach those goals.

Cohesive

The degree to which members of a group are attracted to, and motivated to remain part of, that group, often leading to increased solidarity and group effectiveness.

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.