Under the OPEN Government Act of 2007

question 6

Multiple Choice

Under the OPEN Government Act of 2007:

• A)the presumption favoring government secrecy adopted after 9/11 was reversed.
• B)non-proprietary information held by many government contractors was made subject to the FoI Act.
• C)ombudsmen were added to many government agencies to resolve disputes over requests for information.
• D)fees are to be waived in many instances when an agency fails to meet the deadline for responding to FoI requests.
• E)all of these.

Understand the roles and distinctions between different types of directors and officers in a corporation.

Comprehend the process of director selection and the time frame for their service.

Describe how the number of corporate directors is determined and the significance of affiliated and unaffiliated directors.

Recognize the requirements for a valid corporate board meeting and the concept of a quorum.

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Definitions:

Financial Advantage

The benefit gained in financial terms, likely leading to improved profitability or reduced expenses.

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted, indicating how much revenue is contributing to fixed expenses and profit.

Labor Hours

A measure of the amount of work or effort in terms of hours spent by workers in producing goods or providing services.

Profitable Use

The utilization of resources or assets in a way that generates a financial gain.