Corporate Governance Exam Bank
Course Introduction
Corporate Governance explores the systems, principles, and processes by which companies are directed and controlled. This course examines the roles and responsibilities of key stakeholders, including shareholders, boards of directors, and executive management, and analyzes the frameworks that ensure accountability, transparency, and ethical decision-making within organizations. Students will study regulatory environments, codes of conduct, risk management, and best practices in corporate governance, while also considering the impact of global trends and challenges such as sustainability, diversity, and digital transformation. The course aims to equip students with the knowledge and skills necessary to evaluate and implement effective governance structures in various organizational contexts.
Recommended Textbook
Law and Ethics in the Business Environment 7th Edition by Terry Halbert
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9 Chapters
146 Verified Questions
146 Flashcards
Source URL: https://quizplus.com/study-set/877 Page 2
Chapter 1: Law, Ethics, Business: An Introduction
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19 Verified Questions
19 Flashcards
Source URL: https://quizplus.com/quiz/17364
Sample Questions
Q1) Corporate director or officer decisions to dedicate corporate funds for social causes is called:
A)Corporate Social Responsibility (CSR)
B)Social Activism (SA)
C)Business Engagement in Environmental Situations (BEES)
D)Strategic Investment in Stakeholder Issues (SISI)
Answer: A
Q2) Explain why laws exist that do not impose a duty to rescue.
Answer: Traditionally,our society has tended to grant maximum leeway to individual freedom of choice.Requiring that people help one another in emergencies would infringe on that freedom by forcing people to act when they might choose not to.Further,imposing a duty to rescue presupposes that there is agreement that rendering assistance is always the right thing to do,which in some cases,it is not.
Q3) From where do ethical preferences originate?
Answer: Ethical preferences originate not from legislators or judges,but from an individual's own critical consciousness.
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Chapter 2: The Duty of Loyalty: Whistleblowing
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15 Verified Questions
15 Flashcards
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Sample Questions
Q1) Explain what happened in the 1968 Supreme Court's re-interpretation of the First Amendment to the U.S.Constitution regarding public employees' limited speech protections.
Answer: In 1968,the case of Pickering v.Board of Education addressed a public school teacher's criticism of the local school board.The Court weighed "the interests of the teacher,as a citizen,in commenting upon matters of public concern" against the State (a.k.a.the school board).The Pickering case gave public employees limited speech protection.
Q2) As discussed in the text,False Claims Act or qui tam suits have been successful in the health care industry.The text mentions several things that all these successful claims have in common.Discuss those things.
Answer: (1)All qui tam plaintiffs tried to fix the problems internally before they went to the outside; (2)all were told that the behavior they were concerned about was either legal or were told to drop the complaint; (3)very few believed that they would have to "blow the whistle" in the beginning; (4)none blew the whistle out of any concern for money,but instead were concerned with public health and safety;and (5)most of them found the process incredibly grueling.
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Page 4
Chapter 3: Privacy and Technology
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20 Verified Questions
20 Flashcards
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Sample Questions
Q1) How can businesses justify electronic surveillance?
Answer: Electronic surveillance turns into a form of quality control,enabling supervisors to better correct and improve employee performance.It measures and encourages efficiency.It enhances completeness and fairness of personnel evaluations.It can uncover employee disloyalty.
Q2) The Electronic Communications Privacy Act of 1986? (ECPA):
A)supplements the Omnibus Federal Employee Workplace Privacy Rights Law of 2008. B)has been an effective law because employee privacy intrusions are less common and steadily declining since 2000.
C)restricts employer access to public chatroom interactions.
D)fails to protect employees in most situations involving e-mail monitoring by public and private employers.
Answer: D
Q3) Employees can now be secretly and intrusively spied upon by their employers,and it is perfectly legal.
A)True
B)False
Answer: True
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Page 5
Chapter 4: Valuing Diversity: Stereotyping VInclusion
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/17367
Sample Questions
Q1) A mayor serving in a major metropolitan area receives an internal memorandum indicating personnel at many police stations are single-race.At the time of the report,thirty percent of the police force was black or Hispanic.She immediately calls a press conference and orders transfer of police officers to achieve racial balance across the city.The transferred police offers sue on constitutional grounds.Assuming just these facts,what is the strongest argument that might be advanced by the transferred officers based on constitutional grounds?
A)Executive action by the mayor is unconstitutional because there was no rational relationship to a valid governmental purpose.
B)The action is "void for vagueness" since transferred police officers must unnecessarily guess at the underlying public policy of the transfer process.
C)The mayor's policy used race as the basis for transfers,and assignments are subject to strict scrutiny.
D)The transfer can be set aside based on intermediate or heightened level of scrutiny.
Q2) What must a plaintiff show to make a prima facie case of hostile environment sexual harassment?
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Chapter 5: Workers Rights as Human Rights: Health and Safety
in the Workplace
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/17368
Sample Questions
Q1) When an employee is injured on the job,that employee may:
I.File a worker's compensation claim and accept the government-determined value for the injury.
II.File a tort claim in state court to recover damages above the worker's compensation amount.
III.File a complaint with OSHA to have the employer investigated and charged if violations are present.
A)I only
B)I and II only
C)III only
D)I and III only
Q2) With the adoption of the ____________,the U.S.began to address the need to prevent,or minimize,workplace accidents and health hazards.
A)Securities Act
B)Occupational Safety and Health Act
C)Environmental Protection Agency
D)National Insurance Act
Q3) According to Michael Silverstein,what are four types of risks workers find on the job today?
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Chapter 6: Global Climate Change: Responsibility and Survival
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16 Verified Questions
16 Flashcards
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Sample Questions
Q1) The power of the U.S.Government to take property from a private individual and use it for public purposes is:
A)Due Process
B)Equal Protection
C)Eminent Domain
D)Suffrage
Q2) The power of eminent domain requires the government to provide just compensation to a property owner when taking private property for public purposes.Discuss your thoughts on whether the following should be considered "public purposes."
a.The government taking private property to transfer to a private company for development of a strip mall.
b.The government taking private property to build a highway.
c.The government taking private property to expand an airport.
Q3) Discuss your thoughts on whether corporate social responsibility (CSR)should include an environmental component and how firms could capitalize on an environmental mission.
Q4) The Fifth Amendment to the Constitution explicitly protects private property owners' economic interests.Explain how this amendment affects owners of private property.
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Chapter 7: Marketing and Technology: Choice and Manipulation
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/17370
Sample Questions
Q1) Discuss some of the ways the FTC is investigating deceptive trade practices involving the Internet.
Q2) In the case of IMS Health,Inc. ,et.al.v.Kelly Ayotte,Attorney General of New Hampshire,what is involved in "detailing" a drug?
Q3) The "creative revolution" in advertising refers to
A)The move from black and white to color advertising
B)The move from talking about a product to showing what a product can do
C)The move from showing what a product can do to making the product a status symbol
D)The move from making a product a status symbol to using subliminal messaging to "force" consumers to buy the product.
Q4) Obesity in children has continued to rise since 1976 and approximately ¾ of all teens and youth are overweight.
A)True
B)False
Q5) Discuss some actions the advertising industry has established for self-regulation.
Q6) What is the Lanham Act? To succeed in suit under the Lanham Act,what must a plaintiff prove?
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Chapter 8: Allocating Risk and Responsibilities: Products Liability
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15 Verified Questions
15 Flashcards
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Sample Questions
Q1) Explain the concept of strict liability and give two early examples of when this concept was applied in the U.S.
Q2) The organization that works with companies on recalls of unsafe products (such as lead-paint laden Thomas the Train toys)is
I.The Consumer Protection Group (CPG)
II.The Consumer Product Safety Commission (CPSC)
III.The Product Protection People (P3)
IV.The Buy American Coalition (BAC)
A)The Consumer Protection Group (CPG)
B)The Consumer Product Safety Commission (CPSC)
C)The Product Protection People (P3)
D)The Buy American Coalition (BAC)
Q3) What are punitive damages?
Q4) Discuss Sugarman's "Performance-based regulation." Is this a viable means to create safer products or is it unnecessary government interference?
Q5) Discuss litigation against major corporations - tactics used to aid plaintiffs and to aid defendants.
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Q6) Explain how injured parties can recover damages under the UCC.
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Chapter 9: Ownership, Creativity and Innovation: Intellectual Property
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/17372
Sample Questions
Q1) In order to obtain a patent under U.S.Patent Law,an inventor must have an invention that is
I.Not obvious
II.Unique
III.Useful
A)I only
B)I and II
C)I,II and III
D)I,II,III and IV
Q2) Using patents to claim rights to plant-derived substances is a huge business.Discuss the legal position that discoverers are allowed to patent (and own exclusive rights to manufacture)isolated plant materials if altered in some format in order to produce medicines.
Q3) Once the copyright on a work has expired,
A)The owner can renew it for a new term
B)The work is in the public domain
C)The work becomes the property of the government
D)The work is considered no longer creative
Q4) Discuss how intellectual property is different from other kinds of property.
Q5) Why was the Digital Millennium Copyright Act passed?
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