Question 8 (4 points) The government is inquiring about Sydney's involvement in a criminal activity. Tom, CPA obtained information when preparing Sydney's tax return. Sydney has not consented to the sharing of his information, so Tom, CPA should not respond to the government order regarding this information because the information obtained when preparing Sydney's tax return is confidential. True False Question 9 (4 points) The Board's Governance role is an extension of operations. True False Question 10 (4 points) Which statement is correct? Shareholders usually run the corporation and elect directors. The Board of Directors appoints and oversees management. Shareholders own corporations, and elect directors. Shareholders do not usually run corporations. The Board of Directors appoints management. Shareholders own and oversee corporations. Management elects directors. Question 11 (3 points) The duty of loyalty requires directors to act in the best interests of both the corporation and its shareholders. True False Question 12 (4 points) A director exercising a duty of care will not be held liable for mere negligence, if in good faith, a mistake is made. True False