Corporate Governance Exam Questions
Course Introduction
Corporate Governance explores the systems, processes, and principles by which corporations are directed and controlled. The course examines the roles and responsibilities of key stakeholders such as shareholders, boards of directors, management, and regulators in ensuring accountability, fairness, and transparency within organizations. Topics include legal and regulatory frameworks, ethical decision-making, risk management, executive compensation, shareholder rights, and best practices in governance on both domestic and global scales. Through case studies and current events, students gain insight into how effective governance can promote sustainable organizational success and public trust.
Recommended Textbook
Canadian Business and Society Ethics Responsibilities and Sustainability 3rd Edition by Robert W.
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Chapter 1: The Relationship Between Business and Society
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Sample Questions
Q1) The discussion of the business enterprise system in the Business and Society class today was stimulating.John argued that the Canadian government should apply a _________ model whereby economic decision making is left to those individuals or enterprises who own the means of production.
A) capitalism
B) free enterprise
C) laissez-faire capitalism
D) responsible enterprise
E) stakeholder capitalism
Answer: A
Q2) The board of directors is responsible to the manager of the corporation.
A)True
B)False
Answer: False
Q3) Virtue ethics focuses upon 'doing' rather than 'being'.
A)True
B)False
Answer: False
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Chapter 2: Ethics and Capitalism
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Sample Questions
Q1) According to the work ethic,unemployment is a temporary,misfortunate event.
A)True
B)False
Answer: True
Q2) Some critics are skeptical about the merits of the capitalist economic system.They point to which of the following as evidence of corruption resulting from the capitalist system?
A) The financial crisis of 2008-2009
B) Economic recessions
C) Corporate crime
D) Ethical scandals
E) All of the above are evidence of corruption inherent in the capitalist system.
Answer: E
Q3) Competition ensures that if excessive profits are made,others will be attracted to the industry.
A)True
B)False
Answer: True
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Chapter 3: Identifying Stakeholders and Issues
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Sample Questions
Q1) Identifying issues can be done in many ways,for example,environmental scanning,social forecasting and public issues scanning.
A)True
B)False
Answer: True
Q2) One of the issues which resulted from the E.coli crisis at XL Foods was that the cattle industry was concerned about their future as consumers may purchase less beef, and that there may be damage to international markets.
A)True
B)False
Answer: True
Q3) What are the main arguments from those who oppose the stakeholder concept?
Answer: The case against the stakeholder concept can be summarized by four main points: problems of categorization,challenges in meeting expectations,dilution of top management focus,and the impracticality of shared governance.
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Chapter 4: Stakeholder and Issue Analysis
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Sample Questions
Q1) Legitimacy is a generalized perception that the actions of an entity are appropriate within some socially constructed system of norms.
A)True
B)False
Q2) There are very few channels to distribute MNKY Corporation's product to rural New Brunswick.The company has therefore become dependent upon TRK Shipping to distribute its product.The only alternative shipper makes a deal with TRK Shipping to not bid down the contract price.The alternative shipper is applying a(n) ________ strategy on behalf of TRK Shipping.
A) withholding B) usage
C) influence pathway
D) withholding and influence pathway
E) usage and influence pathway
Q3) Differentiate between stakeholder management and stakeholder collaboration.
Q4) One perspective of social capital views it as the trust or goodwill existing between the corporation and its stakeholders.
A)True
B)False
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Chapter 5: Ethics of Business: The Theoretical Basis
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Sample Questions
Q1) Ethical dilemmas should be resolved by the impartial application of some general principle.This is the viewpoint of the ethic of individual rights.
A)True
B)False
Q2) It isn't enough just to be honest.It is also important that managers and corporations act with compassion.To relocate a factory without considering the harm that would cause to one's community would be unethical.This position supports the ________________ principle of ethical analysis.
A) self-interest
B) personal virtues
C) ethic of caring
D) utilitarian
E) economic efficiency
Q3) What are the three myths pertaining to business ethics?
Q4) Altruists are ultra-moral.
A)True
B)False
Q5) Summarize the influences on ethical behaviour.
Q6) Identify the four forms of justice.
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Chapter 6: Ethics of Business: Management and Leadership
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Sample Questions
Q1) A statement of values is the basis for a code of ethics.
A)True
B)False
Q2) The company is considering expanding into international markets.One of the countries that they are considering locating in has a reputation for human rights violations.Which generation of codes of conduct would address this as a concern?
A) First
B) Second
C) Third
D) Fourth
E) Fifth
Q3) In an organization that not only completely lacks high standards of ethical behaviour,but is devoid of ethical principles and actively opposed to what is moral,the appropriate model of management and leadership is called "Amoral".
A)True
B)False
Q4) A code of conduct explicitly states what appropriate behaviour is for employees.
A)True
B)False
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Chapter 7: Corporate Social Responsibility: The Concept
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Sample Questions
Q1) Fundamentalism,in the context of CSR,refers to theories that argue that a firm has responsibility for the social welfare and progress of society.
A)True
B)False
Q2) Businesses today must recognize that they are not just responsible to their local constituency; they have rights and duties that apply to a global community and thus must be concerned with common humanity.This statement best reflects:
A) Business citizenship
B) Limited view of Corporate Citizenship
C) Equivalent view of Corporate Citizenship
D) Extended view of Corporate Citizenship
E) None of the answers.
Q3) "Licence to Operate" refers to the greater leeway a firm may have as a result of Corporate Citizenship.
A)True
B)False
Q4) On what grounds has the Triple-E bottom line been criticized?
Q5) Corporate virtue is good for profits.Explain.
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Chapter 8: Corporate Social Responsibility: In Practice
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Sample Questions
Q1) A social enterprise is a model of business where a balance is sought between financial return to shareholders and the furtherance of social aims.
A)True
B)False
Q2) The traditional shareholder model of social responsibility is most closely related to the anti-CSR response type.
A)True
B)False
Q3) ANO Corporation hires students from a local school to do ground maintenance.This program is a part of a corporate strategy that sees profits split equally between shareholders and youth work programs.The founders of the company felt that business needed to be more creative in how it managed CSR programs to maximize the difference that corporate involvement could realize.This example illustrates which of the following concept(s)?
A) Social enterprise
B) Social entrepreneur
C) Social venture
D) Community investor
E) Corporate sponsor
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Page 10
Chapter 9: Measuring,reporting,and Communicating CSR
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Sample Questions
Q1) A large sporting goods chain develops a listing of social activities of the firm.This social report does not evaluate the effectiveness of these activities.This is an example of the __________ approach to social auditing.
A) inventory
B) program management
C) process
D) social indicators
E) None of the answers.
Q2) Because of the emphasis on teaching CSR,most business schools are now preparing their own CSR reports.
A)True
B)False
Q3) Discuss the transition-and-transformation scenario developed by White.
Q4) Considering White's scenarios of the future of CSR,if firms follow the fad-and-fade scenario,there will be a multiplicity of new,complex standards and guidelines which will be problematic for the corporation.
A)True
B)False
Q5) Discuss the fad-and-fade scenario developed by White.
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Chapter 10: Regulating Business Ethics and Responsibilities
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Sample Questions
Q1) An organization in the nonprofit sector is more likely to be a chosen instrument of government involvement than a business in the technology sector.
A)True
B)False
Q2) What is meant by a public-private partnership (PPP)?
Q3) Ahmed recently purchased a new vehicle.At first he was delighted with his purchase,but soon he noticed that whenever there were strong winds a high pitched whistle sound would appear.He returned the car to his dealer who stated that seeking out the cause of this sound was not covered by the warranty.Ahmed contacted the Canadian Motor Vehicles Arbitration Plan and asked them to mediate between him and the dealer.This regulatory body operates as an external,third-party stakeholder that industry and consumer groups support to resolve disputes between consumers and the automobile industry.This is an example of which form of self-regulation?
A) Self-regulation involving stakeholders
B) Negotiated self-regulation
C) Mandated self-regulation
D) Industry self-regulation
E) Quasi-government regulation
Q4) Discuss quasi-government regulation.Provide examples in the Canadian economy.
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Chapter 11: Responsible Ownership and Governance
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Sample Questions
Q1) How has Mountain Equipment Co-op implemented ethics and integrity into their business model?
Q2) Ahmed has decided that he wants to have more direct influence over a particular company's social responsibility endeavours.Although his funds are limited,he purchases a small number of shares in the corporation.Individual,direct ownership of a firm through share purchase is a powerful mechanism for influencing a firm's social responsibility practices.
A)True
B)False
Q3) Passive shareholders are typically owners of a small amount of shares holdings. A)True
B)False
Q4) An audit committee comprises members of the board of directors and oversees the internal and external accounting auditing function to ensure that financial statements accurately and appropriately represent the condition of the corporation and that regulated disclosures are made.
A)True
B)False
Q5) Describe the Ethical Growth Fund.
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Chapter 12: Ethics and Responsibilities in the Workplace and Marketplace
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Sample Questions
Q1) What ethical issues are related to working conditions?
Q2) The 'Model of Socially Conscious Consumerism' includes influences,enhancers,and impediments.Which of the following is an enhancement?
A) Willingness to change behaviour
B) Consumer behavioural intentions
C) Negative consumer attributions
D) Willingness to pay a premium
E) Consumer knowledge.
Q3) Pyramid selling is legal in Canada
A)True
B)False
Q4) The work ethic had its beginnings in communism.
A)True
B)False
Q5) There are calls for a return to the work ethic of the past.
A)True
B)False
Q6) Supplier and customer relationships are governed formally through regulations.
A)True
B)False Page 14
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Page 15
Chapter 13: Civil Society Stakeholders
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Sample Questions
Q1) The higher the transaction costs related to NGOs demands,the more likely a _________ response will be employed by a business.
A) resistance
B) capitulation
C) preemption
D) competitive
E) cooperative
Q2) Which of the following stakeholders can influence business?
A) Think tanks
B) Religious organizations
C) NGOs
D) Media
E) All of the above
Q3) What are the four key ingredients,identified by a Canadian Business for Social Responsibility report,to defining the success of an NGO-corporate partnership?
Q4) Corporations,government,and other institutions in society set the social agenda,not the media.
A)True
B)False
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Chapter 14: The Environment and Business Responsibilities
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Sample Questions
Q1) Christine is on the board of directors of a large corporation.She is presenting a report to the other board members which highlights how the firm's economic activities and practices are dependent upon human and natural resources,as well as to physical and financial capital.Her report is most consistent with the principle of:
A) Environmental ethic
B) Sustainable development
C) Business sustainable development
D) Government requirement ethic
E) Socio-economic impact assessment
Q2) A comprehensive environmental management approach is necessary given the involvement of multiple,diverse,ethical and responsibility issues.
A)True
B)False
Q3) The United Nations World Commission on Environment and Development recommendations are consistent with the principles of business sustainable development.
A)True
B)False
Q4) Compare standard environmentalism to market environmentalism.
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Chapter 15: Globalization and Business Responsibilities
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Sample Questions
Q1) Jung is preparing a report to his supervisor regarding their firm's compliance with the International Code of Ethics for Canadian Business.He highlights in his report that a supplier has been paying bribes to move product faster and that senior management in Jung's company had not responded to this.Jung's company is not in compliance with which principle of the Code?
A) Community Participation and Environmental Protection
B) Human Rights
C) Business Conduct
D) Employees Rights and Health & Safety
E) Jung's company is in compliance with the Code
Q2) According to Competitiveness Scoreboard,Canada:
A) has efficient product markets
B) has efficient labour markets
C) has inadequate research institutions
D) has inadequate government purchasing policies
E) all of the above
Q3) INGOs are an element of civil society.
A)True
B)False
Q4) Describe the International Labour Organization (ILO).
Page 18
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Chapter 16: The Socialization of Capitalism
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Sample Questions
Q1) Because CSR is a recent phenomenon in business,there are few benchmarks or best practices from which to draw knowledge.
A)True
B)False
Q2) Which of the following statements is not true regarding the establishment of objectives?
A) Most objectives are established at the beginning of the process of strategic management.
B) Most corporations have multiple objectives.
C) Objectives regarding social responsibilities reflect personal values and beliefs.
D) The mission statement is an objective stated in general terms.
E) Objectives are the ends the corporation seeks to achieve.
Q3) Corporate culture is reflected in:
A) symbols
B) traditions
C) language and metaphors
D) value systems
E) all of the above
Q4) What are the four stages in the sustainability strategy continuum?
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