ove the test Remaining Time: 1 hour, 22 minutes, 34 seconds, Question Completion Status: 1 2 3 4 5 6 7 9 10 11 12 13 14 15 Se A Moving to another question will save this response. Question 8 Positive accounting theory (PAT) is concerned with A. What should be done by the managers as a respond to a particular actions taken in the fim. B, predicting what action a manager will take when deciding the choices of accounting policies for the firm. c corporate managers working towards maximizing the shareholders' wealth the language that translates the economic events into comprehensive information OD Type here to search i oave the test Remaining Time: 1 hour, 22 minutes, 47 seconds. Question Completion Status: 1 3 4 6 7 8 9 10 11 12 13 14 15 Moving to another question will save this response Question 5 The duties of the board of directors should be distinguished from the role of the management of an organization. Which of the followings is the responsibility of the directo To formulate strategie action plans for the business To impose control and monitoring on the activities of the business, To efficiently utilize the scarce resources of the business D. To focus on the operational aspects of the business. B Type here to search Remaining Time: 1 hour, 22 minutes, 39 seconds. Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Moving to another question will save this response. Question 7 IA Why is it essential to include an independent director to form a good composition of the board of directors? He has the special power to appoint or remove other directors according to the current needs of the firm, 8. His role is to ensure the company will not comply with any legal requirements and related parties transactions He does not have any kind of relationship with the company that may affect the independence of his/her judgement, The firm need not pay him salary or any other monetary rewards because he is not an employee of the tim. Type here to search