11 the annual report of a corporation comprises: a-compulsory-disclosed information b-voluntarily-disclosed information C-a and b d-none of the above answers is correct answer 12- in order to report activities assumed to be relevant but not required by the accounting standards, the management could use the...... a-mandatory disclosure b-compulsory disclosure c- Voluntary disclosure d-none of the above answers is correct answer 13-Corporate governance is: a. A coherent system of concepts that underlie financial reporting b. A term referring to management's choosing to voluntarily disclose non-compulsory information in annual reports c. The system by which corporations are directed and controlled, d. A set of broad principles that provide the basis for guiding actions or decisions 14- According to the 'Anglo-Saxon' model whose interest should be the focus of corporate governance? a. Employees b. Shareholders c. Community d. Environment