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                                                   Corporate governance mcqs with answers
   These Business Ethics and Corporate Governance MCQ with Answers are prepared by our expert team to help you for your upcoming entrance exams. 1. Which of the following are the principles of ethics in business? HonestyIntegrityLoyaltyAll of these Answer: All of these 2. A board that is elected in a
   classified system is known as a Diversified boardStaggered boardRotating boardDeclassified board Answer: Diversified board 3. Which of the following regarding corporate governance is correct? Corporate governance can temper growth.Good corporate governance can result in excessive risk-
   taking.Corporate governance often result in prompt and effective decision-making.The aim of corporate governance is to protect the interests of shareholders and the local economies. Answer: Corporate governance can temper growth. 4. The first step in the auditing process should be to secure the
   commitment of: EmployeesTop executives and directorsStockholdersCustomers Answer: top executives and directors. 5. Which of the following is not part of the definition of an asset? Control of a resource.Resulting from a past event.Inflow of economic benefits.During the accounting period. Answer:
   During the accounting period. 6. Which of the following is not a driver of responsible competitiveness? Policy driversDevelopment driversBusiness actionSocial enablers Answer: Development drivers 7. Which of the following statements regarding institutional shareholders is correct? These shareholders
   have extensive power to monitor the activities of the company.Institutional shareholders prefer to exert their power privately rather than publicly.These shareholders often aim to improve outcomes rather than sell their shareholding.Institutional shareholders are known to publicly use their voting power to
   encourage sound corporate governance. Answer: Institutional shareholders prefer to exert their power privately rather than publicly. 8. A (n) _____________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as
   right or wrong. Crisisethical issueindictmentfraud Answer: ethical issue 9. A high-commitment approach to environmental issues may include all of the following except: risk analysisstakeholder analysisgreen-washingstrategic sustainability auditing Answer: green-washing 10. Which of the following relating
   to discounting future liabilities is correct? Discounting future cash flows is not aligned with the aims and objectives of sustainability reporting.Discounting distant future costs that are to be incurred increases the current liability that is to be reported now.Discounting costs highlights the savings of future
   generations due to present generations accounting for the loss now.Discounting social issues are done in terms of the accounting standards so there are no ethical issues as the process is fair. Answer: Discounting future cash flows is not aligned with the aims and objectives of sustainability reporting. 11.
   Which of the following relating to CSR theories is correct? Institutional theory is based on the shareholder concept.Social contract is the key concept of legitimacy theory.The key concept of enlightened self-interest is stakeholder relations.Stakeholder theory requires organisations to manage community
   perceptions to survive. Answer: Social contract is the key concept of legitimacy theory. 12. A stakeholder orientation includes all of the following activities except: generating data about stakeholder groupsassessing the firm’s effects on stakeholder groupsdistributing stakeholder information throughout the
   firmminimizing the influence of stakeholder information on the firm Answer: minimizing the influence of stakeholder information on the firm 13. ABC Ltd is a mining company listed on the Australia stock exchange. It has an audit committee comprising four members. Two members are independent non-
   executive directors with engineering and mining qualifications. The nomination committee is currently looking to appoint an additional member to the audit committee. In terms of the ASX principles, which of the following would most likely be the best candidate for appointment? An independent non-
   executive director with a qualification in finance.An executive director with a qualification in accounting.A non-independent non-executive director with qualifications in accounting and auditing.A non-executive director who was previously the CFO of ABC Ltd a year ago. Answer: An independent non-
   executive director with a qualification in finance. 14. An independent director is one who: Did not attend a school supported by the company.Does not have outside relationships with other directors.Does not have any other relationships with the company other than his or her directorship.All of the above.
   Answer: Does not have any other relationships with the company other than his or her directorship. 15. An organisation’s obligation to act to protect and improve society’s welfare as well as its own interests is referred to as organisational social responsibilityorganisational social responsivenesscorporate
   obligationbusiness ethics Answer: organisational social responsibility 16. An organization’s appropriate tone at the top promoting ethical conduct is an example of: Ethics sensitivityEthics incentivesEthical behaviorConsequentialist Answer: Ethical behavior 17. Atmospheric issues include all of the following
   except: Acid rainGlobal warmingAir pollutionWater quantity Answer: Water quantity 18. The four types of social responsibility include: Legal, philanthropic, economic, and ethicalEthical, moral, social, and economicPhilanthropic, justice, economic, and ethicalLegal, moral, ethical, and economic Answer:
   Legal, philanthropic, economic, and ethical 19. The goal of corporate governance and business ethics education is to: Teach students their professional accountability and to uphold their personal Integrity to societyChange the way in which ethics is taught to studentsCreate more ethics standards by
   which corporate professionals must operateIncrease the workload for accounting students Answer: Create more ethics standards by which corporate professionals must operate. 20. The hand-of-government refers to the Ability of the government to interfere in business negotiationsRole of corporations to
   be profitable within the lawEffect of national politics on business decisionsImpact of changing government regulations Answer: Role of corporations to be profitable within the law 21. The internal audit function is least effective when the department: Is non-independentIs competentIs objectiveExhibits
   integrity Answer: Is non-independent 22. The primary stakeholders are CustomersSuppliersShareholdersCreditors Answer: Shareholders 23. The social economy partnership philosophy emphasizes: Cooperation and assistanceProfit maximizationCompetitionRestricting resources and support Answer:
   Cooperation and assistance 24. The view that business exists at society’s pleasure and businesses should meet public expectations of social responsibility is the Iron law of responsibility argumentEnlightened self-interest argumentCapacity argumentAnti-freeloader argument Answer: Enlightened self-
   interest argument 25. To be successful, business ethics training programs need to Focus on personal opinions of employeesBe limited to upper executivesEducate employees on formal ethical frameworks and models of ethical decision makingPromote the use of emotions in making tough ethical
   decisions Answer: Educate employees on formal ethical frameworks and models of ethical decision making. I hope these Which of the following are the principles of ethics in business? HonestyIntegrityLoyaltyAll of these Answer: All of these I hope these Business Ethics and Corporate Governance MCQ
   with Answers are helpful to you friend. Check below for similar content ↓ Business Economics Multiple Choice Questions(MCQs) & Answers Business Ethics MCQs and Answers with FREE PDF Home Student Resources Chapter 6: Corporate governance No Frames Version Chapter 6: Corporate
   governance Site Navigation Navigation for Chapter 6: Corporate governance Loading PreviewSorry, preview is currently unavailable. You can download the paper by clicking the button above. Multiple-choice questions: In order to be awarded CPD units you must answer the following five random
   questions correctly. If you fail the test, please re-read the article before attempting the questions again 1 What is meant by the phrase CSR? A Corporate Social Responsibility B Company Social Responsibility C Corporate Society Responsibility D Company Society Responsibility View Answer Answer:
   Corporate Social Responsibility 2 What does Milton Friedman believe to be the sole responsibility of business? A The only social responsibility of business is to its shareholders B Managers should act in ways that balance the interest of society and shareholders C The primary responsibility organizations
   have is to its employees D The primary responsibility organizations have is to its stakeholders View Answer Answer: The only social responsibility of business is to its shareholders 3 What is the enlightened self-interest model of CSR? A That it is in an organization's own best interest to put itself first
   rather than its ethics B That it is in an organization's best interest to consider what a shareholder would want C That it is in an organization's own best interest to act in an ethical way D That it is in an organization's own best interest to follow the legislation and abide by the law View Answer Answer: That it
   is in an organization's own best interest to act in an ethical way 4 What does the importance of ethical behaviour, integrity and trust call into question? A The extent to which managers should attempt to change the underlying beliefs and values of individual followers B Who does what C What we do next D
   None of these View Answer Answer: The extent to which managers should attempt to change the underlying beliefs and values of individual followers 5 Which of the following would most effectively act as the primary objective of a business organisation? A To make a profit B To procure resources C To
   communicate with shareholders D To mediate between the organisation and the environment View Answer 6 Which of the following does the term Corporate Social Responsibility relate to? A Ethical conduct B Environmental practice C Community investment D All of the above View Answer 7 What is
   Ethics to do with? A The wider community B Business C Right and wrong D Nothing View Answer 8 Which legislation relates to the concept of business ethics? A Freedom of Information Act B Food Act C Building regulations D All of these View Answer Answer: Freedom of Information Act 9 A stakeholder
   orientation includes all of the following activities except: A Generating Data About Stakeholder Groups B Assessing The Firm's Effects On Stakeholder Groups C Distributing Stakeholder Information Throughout The Firm D Minimizing The Influence Of Stakeholder Information On The Firm View Answer
   Answer: Minimizing The Influence Of Stakeholder Information On The Firm 10 A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong. A Crisis B Ethical Issue C Indictment D Fraud
   View Answer 11 What type of justice exists if employees are being open, honest, and truthful in their communications at work? A Procedural B Distributive C Ethical D Interactional View Answer 12 Better access to certain markets, differentiation of products, and the sale of pollution-control technology are
   ways in which better environmental performance can: A Increase Revenue B Increase Costs C Decrease Revenue D Decrease Costs View Answer 13 Atmospheric issues include all of the following except: A Acid Rain B Global Warming C Air Pollution D Water Quantity View Answer 14 Most companies
   begin the process of establishing organizational ethics programs by developing: A Ethics Training Programs B Codes Of Conduct C Ethics Enforcement Mechanisms D Hidden Agendas View Answer 15 When a firm charges different prices to different groups of customers, it may be accused of: A Cultural
   Relativism B Money Laundering C Facilitating Payments D Price Discrimination View Answer Answer: Cultural Relativism 16 Successful global initiatives addressing standards for business must begin and end with: A the role of corporate governance and shareholder power in corporate decision making B
   social activism C the implementation of standardized ethics programs D the consolidation of economic and environmental efforts View Answer Answer: the role of corporate governance and shareholder power in corporate decision making 17 The social economy partnership philosophy emphasizes: A
   Cooperation And Assistance B Profit Maximization C Competition D Restricting Resources And Support View Answer Answer: Cooperation And Assistance 18 Which of the following is a problem presented by ethics audits? A They may be used to reallocate resources B They identify practices that need
   improvement C Selecting auditors may be difficult D They may pinpoint problems with stakeholder relationships View Answer Answer: Selecting auditors may be difficult 19 The first step in the auditing process should be to secure the commitment of: A Employees B Top Executives And Directors C
   Stockholders D Customers View Answer Answer: Top Executives And Directors 20 ____________ refers to a strategic process involving stakeholder assessment to create long-term relationships with customers, while maintaining, supporting, and enhancing the natural environment. A Eco-strategy B
   Green marketing C Superfund reauthorization D Recycle and reprocess management View Answer You don't have any courses yet.You don't have any books yet.You don't have any Studylists yet.You haven't viewed any documents yet.Marketing notes - covers all semester content Exercises Practice
   2012, Questions and answers.pdfTutorial work - 1, 2, 4, 5Lecture notes, lectures 1-11Summary - complete - personal study notes for the final examLecture notes, lectures 1-10 - Introduction, cells, basic tissues and epithelium - the skeletal system - bone tissue - bone and muscle tissue - joints - the three
   primary germ layers - embryology - skeletal muscles - the cardiovascular system - muscle tissue - skin - blood - nervous tissue - the brain - the nervous system - spinal cord - cranial nerves - the respiratory system - endocrine system - the digestive system5.Mastering Physics Mechanics 2 -
   assessedExam 2012, Questions and answers - FinalLecture notes, Taxation Law, course 1-13Lecture Notes, Lectures 1-12 -Web Development, Lecturer: Phil JoyceWeek 3 - guide to week 3 perdiscoCase Study AnalysisContract Law 2 - Lecture notes - Exam notesHandwritten notes that provide a clear
   and concise summary of all the QM theory covered in lectures. All assessable theory is included. About 15 pages long. Received an H1. Lecturer was Jonathan ThongLecture notes, lectures 1-13 - Questions/answers
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