In Order for a Director of a Corporation to Show

question 35

True/False

In order for a director of a corporation to show that she can rely on the defence of due diligence,she must be knowledgeable of the prevailing environmental standards and must take clear action to prevent,report,review,and respond to danger.

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, indicating how much contributes toward covering fixed expenses and generating profit.

Variable Selling Costs

Expenses that vary directly with the volume of products sold, such as commissions and shipping fees.

Break-Even Point

The level of production or sales at which total revenues equal total costs, resulting in no profit or loss.

Variable Costs

Costs that fluctuate with the level of output or production, such as raw materials and direct labor.