Good Governance MCQ with Answers
Which of the following describes the system of corporate governance?
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Governing a company so that the interests of corporate owners and other stakeholders are protected.
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Corporate governance involves the exercise of control over a company’s:
a) Finance and accounting departments.
b) Manufacturing facilities.
c) Entire corporate direction.
d) Marketing and human resources departments.
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The Correct Answer for the given question is option c) Entire corporate direction.
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The goal of corporate governance and business ethics education is to
a) Teach students their professional accountability and to uphold their personal Integrity to society
b) Change the way in which ethics is taught to students
c) Create more ethics standards by which corporate professionals must operate
d) Increase the workload for accounting students
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The Correct Answer for the given question is option c) Create more ethics standards by which corporate professionals must operate
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The framework for establishing good corporate governance and accountability was originally setup by
a) Nestle committee
b) Rowntree committee
c) Cadbury committee
d)Thornton committee
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The Correct Answer for the given question is option b) Rowntree committee
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Which of the following is not one of the underlying principles of the corporate governance combined code of practice?
a) Accountability
b) Openness
c) Acceptability
d) Integrity
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The Correct Answer for the given question is option c) Acceptability
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External audit of the accounts of a limited company is required?
a) Because it is demanded by the company’s bankers
b) By the companies act 2006
c) At the discretion of the shareholders
d) To detect fraud
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The Correct Answer for the given question is option b) By the companies act 2006
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Directors responsibilities are unlikely to include
a) a duty to keep proper accounting records
b) a fiduciary duty
c) a duty to propose high dividends for shareholders
d) a duty of care
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The Correct Answer for the given question is option c) a duty to propose high dividends for shareholders
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A company may become insolvent if it
a) makes a loss
b) has negative working capital
c) cannot meet its budgeted level of profit
d)cannot pay creditors in full after realisation of its assets
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The Correct Answer for the given question is option d)cannot pay creditors in full after realisation of its assets
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Fraudulent trading may be
a) a criminal offence committed only by directors of a limited company
b) a civil and a criminal offence committed by an employee
c) a civil and a criminal offence committed only by directors of a limited company
d) a civil offence committed by an employee
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The Correct Answer for the given question is option b) a civil and a criminal offence committed by an employee
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A director of a limited company may not be liable for wrongful trading if he or she
a) increased the valuation of its inventories to cover any potential shortfall
b) brought in some expected sales from next year in to the current year
c) took every step to minimise the potential loss to creditors
d) introduce into the balance sheet an asset based on a valuation of its brands sufficient to meet any shortfall
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The Correct Answer for the given question is option c) took every step to minimise the potential loss to creditors
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Disqualification of directors may result from breaches under the
a) Health and Safety Act
b) Financial Services Act
c) Sale of Goods Act
d)Companies Act
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The Correct Answer for the given question is option d)Companies Act
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According to clause 49 on independent directors. What should be minimum age of independent director.
a) 21 b) 22 c) 23 d) 24
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The Correct Answer for the given question is option a) 21
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Who formed the ICGN?
a) European governments
b) US share holders
c) Pension funds
d) Stock markets
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The Correct Answer for the given question is option c) Pension funds
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A company cannot issue redeemable preference shares for a period exceeding
a) 5 years b) 10 years c) 15 years d) 20 years
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The Correct Answer for the given question is option d) 20 years
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Which one is the dimension(approach) of corporate social responsibility?
a) Corporate philanthropy
b) Stake holders priorities and sustainable development
c) Ethical business
d) All of the above
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The Correct Answer for the given question is option d) All of the above
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According to clause 49 on independent directors. What can be maximum tenure of independent director.
a) 2 terms of 5 years each
b) 3 terms of 5 years each
c) 2 terms of 10 years each
d) 3 terms of 4 years each
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The Correct Answer for the given question is option a) 2 terms of 5 years each
According to section 179 which one of the following is a power of director?
a) To buy back its shares
b) Sell lease or otherwise dispose of the undertakings of the company
c) Remit or give time for the repayment of any debt due by a director
d) Making political contributions exceeding specified limits
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The Correct Answer for the given question is option a) To buy back its shares
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What is kieretsu
a) Pension fund
b) Corporate group
c) Stock exchange
d) Futures Market
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The Correct Answer for the given question is option b) Corporate group
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The concept of Corporate Social Responsibility originated in which time period?
a. 1920’s and 1930’s
b. 19th Century
c. 1980’s and 1990’s
d. 1960’s and 1970’s
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The Correct Answer for the given question is option d. 1960’s and 1970’s
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Worldwide, about percent of businesses in the private sector are small or medium sized.
a. 80 b. 85 c. 90 d. 99
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The Correct Answer for the given question is option c. 90
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The generally accepted definition of a small business is one with or fewer employees.
a. 10 b. 20 c. 25 d. 50
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The Correct Answer for the given question is option d. 50
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The generally accepted definition of a medium business is one with or fewer employees.
a. 50 b.100 c. 200 d. 250
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The Correct Answer for the given question is option d. 250
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In the United States, small or medium sized businesses provide over percent of total employment.
a. 25 b. 40 c. 50 d. 75
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The Correct Answer for the given question is option c. 50
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Owners of stock in a corporation are only liable for .
a. the amount they have invested in the company’s stock
b. their personal assets
c. the amount they have invested in the company’s stock and their personal assets
d. none of the above.
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The Correct Answer for the given question is option d. none of the above.
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A of an issue consists of weighing and balancing all of the competing demands on a firm by each of those who have a claim on it.
a. stakeholder analysis b. board of directors analysis
c. corporation analysis d. management analysis
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The Correct Answer for the given question is option a. stakeholder analysis
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The that corporations must meet is “do no harm”.
a. moral obligation b. moral minimum
c. moral requirement d. moral duty
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The Correct Answer for the given question is option b. moral minimum
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In large corporations, the is/are the legal overseers of management.
a. CEO b. shareholders
c. board members d. none of the above
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The Correct Answer for the given question is option c. board members
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The position is that a corporation can and should be evaluated not only in terms of its financial bottom line, but also in terms of its environmental bottom line and its social/ethical bottom line.
a. Bottom line b. Double Bottom line
c. Triple Bottom line d. Final line
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The Correct Answer for the given question is option b. Double Bottom line
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Triple Bottom Line reporting refers to:
a. using a low, medium and high estimates for profitability forecasts.
b. measuring the impact of the firm on stockholders, customers and employees.
c. measuring the social, environmental, and financial performance of the firm.
d. measuring the impact of local, state, and federal governments on the firm.
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The Correct Answer for the given question is option c. measuring the social, environmental, and financial performance of the firm
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Corporate governance can be defined as:
a. the system used by firms to control the actions of their employees.
b. the election process used to vote in a new Board of Director.
c. the corporate compliance system used by the firm.
d. the system used by firms to identify who the critical stakeholders are for the firm.
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The Correct Answer for the given question is option a. the system used by firms to control the actions of their employees.
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The system that is used by firms to control and direct their operations and the operations of their employees is called:
a. Corporate Compliance. b. Corporate Governance.
c. Corporate Control. d. Corporate Directive.
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The Correct Answer for the given question is option b. Corporate Governance.
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Which board of directors committee is responsible for the guidelines on how the board of directors should operate.
a. Operating b. Corporate governance
c. Corporate compliance d. Guiding
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The Correct Answer for the given question is option b. Corporate governance
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The Sarbanes-Oxley Act was a direct response to which ethics scandals?
a. Tyco b. WorldCom c. Enron d. None of the above.
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The Correct Answer for the given question is option c. Enron
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What is the name of the process in which an employee informs another responsible employee in the company about potentially unethical behavior?
a. Whistle-blowing b. Purging and releasing
c. Identification d. Information transfer
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The Correct Answer for the given question is option a. Whistle-blowing
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There are conditions that, if satisfied, change the moral status of whistle blowing.
a. three b. four c. five d. six
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The Correct Answer for the given question is option c. five
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An example of a whistle blower whose actions were a form of internal government whistle blowing is:
a. Sherron Watkins. b. Coleen Rowley.
c. Cynthia Cooper. d. Lee Iacocca.
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The Correct Answer for the given question is option b. Coleen Rowley.
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One whistle blower the text mentions is Cynthia Cooper who was the vice president of internal audit at .
a. Enron b. WorldCom c. Tyco d. none of the above
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The Correct Answer for the given question is option b. WorldCom
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One classic example of whistle-blowing is the:
a. Ford Pinto case. b. Lincoln case.
c. Toyota case. d. none of the above.
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The Correct Answer for the given question is option a. Ford Pinto case.
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A whistle-blower:
a. doesn’t have to be a past or present member of the organization.
b. doesn’t have to report activity that is illegal, immoral, or harmful.
c. is any employer who spreads gossip.
d. far from being disloyal, may be acting in the best interest of the organization.
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The Correct Answer for the given question is option c. is any employer who spreads gossip.
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The Sarbanes-Oxley Act:
a. makes it easier to fire whistle blowers.
b. reduces the law’s protection of employees who disclose securities fraud.
c. makes it illegal for executives to retaliate against employees who report possible violations of federal law.
d. provides penalties for blowing the whistle illegitimately or maliciously.
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The Correct Answer for the given question is option d. provides penalties for blowing the whistle illegitimately or maliciously.
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Inside traders ordinarily defend their actions by claiming that they don’t injure:
a. their boss. b. their family.
c. the government. d. any one.
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The Correct Answer for the given question is option d. any one.
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Shareholders have the right to know all except:
a. Information on the management of the corporation
b. Trade secrets
c. The companies financial position
d. The companies general plans for the future.
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The Correct Answer for the given question is option b. Trade secrets
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Which act provides sweeping new legal protection for employees who report possible securities fraud making it unlawful for companies to “discharge, demote, suspend, threaten, harass, or in any other manner discriminate against” them?
a. Sarbanes-Oxley Act of 2002 b. Foreign Corruption Act
c. Economic Espionage Act d. U.S. vs. O’Hagan
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The Correct Answer for the given question is option a. Sarbanes-Oxley Act of 2002
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What is meant by the phrase CSR?
a) Corporate Social Responsibility b) Company Social Responsibility
c) Corporate Society Responsibility d) Company Society Responsibility
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The Correct Answer for the given question is option a) Corporate Social Responsibility
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What is meant by the phrase ‘teleological ethics’?
a) Is used to judge is an action is right, fair and honest.
b) An action can only be judged by its consequences
c) Developing the individual personal characteristics
d) The key purpose of ethics is to increase freedom.
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The Correct Answer for the given question is option b) An action can only be judged by its consequences
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What, according to Adam Smith, is the best way to promote collective interest?
a) Through government making decisions about what is in the public interest.
b) Through everyone working together to support each other.
c) Through everyone working on their own self interest
d) Through individuals forgoing their personal interest for the good of the collective.
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The Correct Answer for the given question is option c) Through everyone working on their own self interest.
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Why, according to stakeholder theory, is it in companies’ best interests to pay attention to their stakeholders?
a) If firms only act in their own self-interest employees may feel exploited.
b) If firms only act in their own self-interest government might put more regulation on them.
c) If firms only act in their own self-interest customers might not like the image that the company portray.
d) If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support.
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The Correct Answer for the given question is option d) If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support.
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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.
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The Correct Answer for the given question is option c) That it is in an organization’s own best interest to act in an ethical way.
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What is green washing?
a) Transforming products to be more ethical.
b) Making a product appear more ethical that it really is.
c) Converting the company to green production methods.
d) Convincing customers to buy ethically.
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The Correct Answer for the given question is option b) Making a product appear more ethical that it really is.
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What is triple bottom line?
a) An accounting tool that looks at the impact on people, planet and profits.
b) A management strategy which states all the attention should be on profits.
c) An accounting tool that looks at cost, profit and loss.
d) A management strategy which focuses on corporate social responsibility.
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The Correct Answer for the given question is option a) An accounting tool that looks at the impact on people, planet and profits.
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A sets out the purpose and general direction for the organisation?
a) Mission statement b) Purpose statement
c) Vision d) Profit statement
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The Correct Answer for the given question is option a) Mission statement
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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
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The Correct Answer for the given question is option a) To make a profit
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What is the purpose of a balanced scorecard?
a) To measure contribution of people to business growth
b) To combine a range of qualitative and quantitative indicators of performance
c) To relate business performance to customer satisfaction
d) All of the above
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The Correct Answer for the given question is option b) To combine a range of qualitative and quantitative indicators of performance
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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
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The Correct Answer for the given question is option d) All of the above
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Who are organisational stakeholders?
a) Government b) Employees c) Customers d) All of the above
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The Correct Answer for the given question is option d) All of the above
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What is Ethics to do with?
a) The wider community b) Business
c) Right and wrong d) Nothing
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The Correct Answer for the given question is option c) Right and wrong
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Which of the following is an example of an area where business ethics apply?
a) Conduct of international operations b) Nowhere
c) In the personal life of staff d) None of the above
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The Correct Answer for the given question is option a) Conduct of international operations
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Which legislation relates to the concept of business ethics?
a) Freedom of Information Act b) Food Act
c) Building regulations d) All of these
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The Correct Answer for the given question is option a) Freedom of Information Act
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The four types of social responsibility include:
a) legal, philanthropic, economic, and ethical b) ethical, moral, social, and economic
c) philanthropic, justice, economic, and ethical d) legal, moral, ethical, and economic
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The Correct Answer for the given question is option a) legal, philanthropic, economic, and ethical
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The dimension of social responsibility refers to a business’s societal contribution of time, money, and other resources.
a) Ethical b) Philanthropic
c) Volunteerism d) Strategic
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The Correct Answer for the given question is option b) Philanthropic
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Stakeholders are considered more important to an organization when:
a) they can make use of their power on the organization
b) they do not emphasize the urgency of their issues
c) their issues are not legitimate
d) they can express themselves articulately
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The Correct Answer for the given question is option a) they can make use of their power on the organization
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A 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
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The Correct Answer for the given question is option b) ethical issue
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Which moral philosophy seeks the greatest good for the greatest number of people?
a) Consequentialism b) Utilitarianism
c) Egoism d) Ethical formalism
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The Correct Answer for the given question is option b) Utilitarianism
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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
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The Correct Answer for the given question is option d) Interactional
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A high-commitment approach to environmental issues may include all of the following except:
a) risk analysis b) stakeholder analysis
c) green-washing d) strategic sustainability auditing
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The Correct Answer for the given question is option c) green-washing
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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
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The Correct Answer for the given question is option a) increase revenue
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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.
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The Correct Answer for the given question is option b) codes of conduct.
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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
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The Correct Answer for the given question is option a) cultural relativism
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The social economy partnership philosophy emphasizes:
a) cooperation and assistance. b) profit maximization.
c) competition. d) restricting resources and support.
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The Correct Answer for the given question is option a) cooperation and assistance.
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Which of the following is not a driver of responsible competitiveness?
a) Policy drivers b) Development drivers
c) Business action d) Social enablers
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The Correct Answer for the given question is option b) Development drivers
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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.
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The Correct Answer for the given question is option c) Selecting auditors may be difficult.
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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.
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The Correct Answer for the given question is option b) top executives and directors.
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Codes of conduct and codes of ethics
a) are formal statements that describe what an organization expects of its employees.
b) become necessary only after a company has been in legal trouble.
c) are designed for top executives and managers, not regular employees.
d) rarely become an effective component of the ethics and compliance program.
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The Correct Answer for the given question is option a) are formal statements that describe what an organization expects of its employees.
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Which of the following is NOT one of the primary elements of a strong organizational compliance program?
a) A written code of conduct b) An ethics officer
c) Significant financial expenditures d) A formal ethics training program
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The Correct Answer for the given question is option c) Significant financial expenditures
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Are standards of behaviour that groups expect of their members.
a) Codes of conduct. b) Group values.
c) Group norms. d) Organizational norms.
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The Correct Answer for the given question is option c) Group norms.
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In a organization, decision making is delegated as far down the chain of command as possible.
a) Decentralized b) Creative
c) Flexible d) Centralized
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The Correct Answer for the given question is option d) Centralized
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Managerial ethics can be characterised by all of the following levels except
a) immoral management b) amoral management
c) demoral management d) moral management
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The Correct Answer for the given question is option c) demoral management
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External audit of the accounts of a limited company is required
a) because it is demanded by the company’s bankers
b) by the Companies Act 2013
c) at the discretion of the shareholders
d) to detect fraud
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The Correct Answer for the given question is option b) by the Companies Act 2013
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Directors’ responsibilities are unlikely to include.
a) a fiduciary duty
b) a duty to keep proper accounting records
c) a duty to propose high dividends for shareholders
d) a duty of care
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The Correct Answer for the given question is option c) a duty to propose high dividends for shareholders
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A company may become insolvent if it
a) has negative working capital
b) cannot meet its budgeted level of profit
c) makes a loss
d) cannot pay creditors in full after realisation of its assets
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The Correct Answer for the given question is option d) cannot pay creditors in full after realisation of its assets
A director of a limited company may not be liable for wrongful trading if he or she
a) took every step to minimise the potential loss to creditors
b) increased the valuation of its inventories to cover any potential shortfall
c) introduced into the balance sheet an asset based on a valuation of its brands sufficient to meet any shortfall
d) brought in some expected sales from next year into the current year
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The Correct Answer for the given question is option a) took every step to minimise the potential loss to creditors
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Fraudulent trading may be
a) a civil offence committed by any employee
b) a criminal offence committed only by directors of a limited company
c) a civil and a criminal offence committed only by directors of a limited company
d) a civil and a criminal offence committed by any employee
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The Correct Answer for the given question is option d) a civil and a criminal offence committed by any employee
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The OECD argues that corporate governance problems arise because:
a) Ownership and control is separated
b) Managers always act in their own self interest
c) Profit maximization is the main objective of organizations
d) Stakeholders have differing levels of power
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The Correct Answer for the given question is option a) Ownership and control is separated
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An organization that is owned by shareholders but managed by agents on their behalf is conventionally known as the modern:
a) Conglomerate b) Corporation
c) Company d) Firm
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The Correct Answer for the given question is option b) Corporation
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The modern corporation has four characteristics. These are limited liability, legal personality, centralized management and:
a) Fiduciary duty b) Stakeholders
c) Shareholders d) Transferability
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The Correct Answer for the given question is option d) Transferability
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What makes a corporation distinct from a partnership?
a) If the members of a corporation die, the corporation remains in existence providing it has capital
b) If the members of a corporation die, the corporation ceases to exist
c) A corporation cannot own property
d) A corporation cannot be held responsible for the illegal acts of its employees
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The Correct Answer for the given question is option a) If the members of a corporation die, the corporation remains in existence providing it has capital
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The term ‘asymmetry of information’ means information in a corporation is:
a) Transferable to all stakeholders b) Not transferable to all stakeholders
c) Not equally transparent to all stakeholders d) Equally transparent to all stakeholders
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The Correct Answer for the given question is option c) Not equally transparent to all stakeholders
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The view that sees profit maximization as the main objective is known as:
a) Shareholder theory b) Principal-agent problem
c) Stakeholder theory d) Corporation theory
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The Correct Answer for the given question is option c) Stakeholder theory
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Where an organization takes into account the effect its strategic decisions have on society, this is known as:
a) Corporate governance b) Business policy
c) Business ethics d) Corporate social responsibility
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The Correct Answer for the given question is option d) Corporate social responsibility
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Which intervention resulted from the Enron scandal?
a) The Hampel Committee b) The Sarbannes-Oxley Act
c) The Greenbury Committee d) The Cadbury Committee
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The Correct Answer for the given question is option b) The Sarbannes-Oxley Act
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Periodic ethics audits
a) Are required by the Indian stock exchange b) A method of fostering ethics
c) A method of quantitative assessment d) Always use external consultants
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The Correct Answer for the given question is option b) A method of fostering ethics
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Political intrusion into business
a) May be desirable in some circumstances
b) Is anathema
c) Politics should have no say in how business is conducted
d) state legislation over-rides Federal Legislation
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The Correct Answer for the given question is option a) May be desirable in some circumstances
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Quantification in ethics may be done by
a) Putting monetary value on prospective actions
b) Comparing the value of one action with another
c) Both A and B
d) Neither A or B
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The Correct Answer for the given question is option c) Both A and B
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The approach to formal corporate ethics initiatives is proactive and inspirational.
a) Rules b) Compliance c) Principles d) Values
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The Correct Answer for the given question is option d) Values
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The approach to formal corporate ethics initiatives focuses on meeting required behaviour norms or obeying the letter of the law
a) Rules b) Compliance c) Principles d) Values
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The Correct Answer for the given question is option b) Compliance
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Which of the following is associated with the classical view of social responsibility?
a) economist Robert Reich b) concern for social welfare
c) stockholder financial return d) voluntary activities
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The Correct Answer for the given question is option c) stockholder financial return
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How many stages are in the model of an organization social responsibility progression?
a) 3 b) 4 c) 5 d) 6
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The Correct Answer for the given question is option b) 4
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The belief that a firm pursuit of social goals would give them too much power is known as what argument in opposition to a firm being socially responsible?
a) Costs b) lack of skills
c) lack of broad public support d) too much power
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The Correct Answer for the given question is option d) too much power
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Social responsiveness refers to the capacity of a firm to adapt to changing
a) societal conditions b) organizational conditions
c) societal leaders d) organizational managers
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The Correct Answer for the given question is option a) societal conditions
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Applying social criteria to an investment decision refers to .
a) socioeconomic view b) social responsiveness
c) social responsibility d) social screening
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The Correct Answer for the given question is option d) social screening
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Which of the following is a basic definition of ethics?
a) moral guidelines for behaviour
b) rules for acknowledging the spirit of the law
c) rules or principles that define right and wrong conduct
d) principles for legal and moral development
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The Correct Answer for the given question is option c) rules or principles that define right and wrong conduct
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Global organizations must their ethical guidelines so that employees know what is expected of them while working in a foreign location
a) Clarify b) Provide c) Establish d) broaden
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The Correct Answer for the given question is option a) Clarify
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……..Is a document that outlines principles for doing business globally in the areas of human rights, labour, the environment, and anticorruption.
a) A code of ethics b) The Global Compact
c) The Foreign Corrupt Practices Act d) Global Ethics
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The Correct Answer for the given question is option b) The Global Compact
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Which of the following best describes the role of the board of directors in corporate governance?
A) Setting the company’s strategic direction
B) Managing day-to-day operations
C) Ensuring compliance with laws and regulations
D) All of the above
Answer: D) All of the above
What is the primary goal of corporate governance?
A) Maximizing shareholder value
B) Ensuring ethical behavior
C) Achieving sustainable growth
D) All of the above
Answer: D) All of the Above
What is the primary difference between a public company and a private company with respect to corporate governance?
A) Public companies have a larger number of shareholders
B) Public companies are subject to more stringent regulations
C) Private companies have more flexibility in decision-making
D) Private companies have more autonomy in setting strategic direction
Answer: B) Public companies are subject to more stringent regulations
What is the primary purpose of a corporate governance code?
A) To set guidelines for the board of directors
B) To provide transparency to shareholders
C) To establish a system of checks and balances
D) All of the above
Answer: D) All of the above
Who is responsible for appointing the members of the board of directors in a public company?
A) Shareholders
B) The CEO
C) The government
D) The board itself
Answer: A) Shareholders
What is the role of an independent director in corporate governance?
A) To provide a check on the actions of management
B) To represent the interests of management
C) To provide counsel to the CEO
D) To provide financial advice
Answer: A) To provide a check on the actions of management
What is the purpose of a shareholders’ meeting?
A) To elect the members of the board of directors
B) To approve major company decisions
C) To provide a forum for shareholders to voice their concerns
D) All of the above
Answer: D) All of the above
What is the role of an audit committee in corporate governance?
A) To oversee the financial reporting process
B) To select the company’s auditors
C) To establish financial controls
D) All of the above
Answer: D) All of the above
What is the difference between a code of ethics and a code of conduct?
A) A code of ethics sets guidelines for ethical behavior, while a code of conduct sets guidelines for legal compliance
B) A code of ethics applies to the board of directors, while a code of conduct applies to all employees
C) A code of conduct is more detailed and specific than a code of ethics
D) A code of conduct is legally binding, while a code of ethics is not
Answer: A) A code of ethics sets guidelines for ethical behavior, while a code of conduct sets guidelines for legal compliance
Why is corporate governance important?
A) It helps to ensure that the company is run in the best interests of all stakeholders
B) It helps to promote transparency and accountability
C) It helps to build trust with investors and the public
D) All of the above
Answer: D) All of the above
In india corporate governance was initiated by
CSR and corporate governance represent a between business and society
Corporate governance is a form of
Corporate governance is concerned with the formation of term objective
Which one is not a principle of corporate governance
Which of the following regarding corporate governance is correct
The objective in corporate governance are
The corporate governance structure of a company reflects the individual companies
The “universal application” feature of corporate governance means that—
Uk corporate governance code is issued by which body
The framework for establishing good corporate governance
According to aocd the corporate governance problem arises because
Corporate governance is concerned with the formation of
The key recommendations of narayan murthy report on corporate governance
Which of the following is the element of corporate governance
There are usually key participants in corporate governance
Guidelines on corporate governance for insurance companies are issued by
The corporate governance and business ethics education aim about
Corporate governance is a form of self regulation
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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