Corporate Governance Exam Solutions
Course Introduction
Corporate Governance explores the systems, principles, and processes by which corporations are directed and controlled. The course analyzes the roles and responsibilities of key stakeholders such as shareholders, boards of directors, and executive management, with an emphasis on accountability, transparency, and ethical decision-making. Students will examine regulatory frameworks, best practices, and case studies from global corporate environments to understand mechanisms designed to balance corporate interests, mitigate risk, and promote sustainable organizational success.
Recommended Textbook
Law and Ethics in the Business Environment 8th Edition by Terry Halbert
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9 Chapters
148 Verified Questions
148 Flashcards
Source URL: https://quizplus.com/study-set/212 Page 2
Chapter 1: Law, Ethics, Business: An Introduction
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21 Verified Questions
21 Flashcards
Source URL: https://quizplus.com/quiz/3124
Sample Questions
Q1) Which of the following statements is INCORRECT regarding the rights of shareholders?
I. voting power on major issues and ownership in a portion of the company
II. right to transfer ownership and dividend entitlement
III. hire and fire management and select and appoint a chief executive
A) I and II
B) I, II, and III
C) I only
D) III only
Answer: D
Q2) Select the best definition of ethics:
A) a set of rules for behavior.
B) a menu of options regarding what we must do.
C) a menu of options regarding what we should do.
D) standards that must be met to avoid penalty.
Answer: C
Q3) Laws must be static and unyielding in order to provide stability for a society.
A)True
B)False
Answer: False
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Chapter 2: The Duty of Loyalty: Whistleblowing
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3125
Sample Questions
Q1) When Qui Tam whistleblowers against the pharmaceutical industry were questioned about their motivation, several reasons were mentioned. Which of the following was NOT given as a reason?
A) Potential risk to public health.
B) Unfair employment practices.
C) Financial reward.
D) Self-preservation.
Answer: C
Q2) 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.
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Chapter 3: Privacy and Technology
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20 Verified Questions
20 Flashcards
Source URL: https://quizplus.com/quiz/3126
Sample Questions
Q1) Discuss Lewis Maltby's proposition that employers should not do drug testing (or other testing related to off-work conduct) but should instead focus on impairment testing when an employee is entering the workplace.
Answer: Maltby points out that impairment can be caused by many other things than drug use including being sleep-deprived, ill or under stress (i.e. in the middle of a divorce). Whatever the reason, the test will determine if you shouldn't undertake certain activities (such as flying a plane).
Q2) It is perfectly legal for employers to secretly and intrusively spy on their employees. A)True
B)False Answer: True
Q3) Name the two main factors that most courts use in determining whether or not electronic monitoring of employees is an invasion of privacy.
Answer: (1) The obnoxiousness of the means to intrude. In other words, is the method used a deviation from the normal, accepted means of discovering relevant information and (2) the reasons for intruding.
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Chapter 4: Valuing Diversity: Stereotyping v Inclusion
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3127
Sample Questions
Q1) According to sociologists, what is society's image of a good mother? A good father? How do those images impact how parents who chose to balance their work life with family (i.e. work part time) are viewed?
Q2) What must a plaintiff show to make a prima facie case of hostile environment sexual harassment?
Q3) Federal courts have consistently held that the Civil Rights Act's ban on 'discrimination on the basis of sex' does not include discrimination based on one's sexual orientation or affiliation.
A)True
B)False
Q4) What is the EEOC guideline on English-only workplace rules? What are two reasons given for the rules?
Q5) The Equal Employment Opportunity Commission (EEOC) favors English-only rules because they decrease the ability for people to stereotype based on national origin or ethnicity and thus decrease illegal workplace discrimination.
A)True
B)False
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Chapter 5: Workers Rights as Human Rights: Health and Safety
in the Global Workplace
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3128
Sample Questions
Q1) The Fair Labor Standards Act (FLSA) of 1938:
I. sets maximum hours
II. requires minimum wages
III. requires compliance with child labor standards
IV. covers farmer workers
A) I. and II only
B) III and IV only
C) I, II and III only
D) I, II, III and IV
Q2) Explain what the Workers Rights Consortium is and what it has done to combat sweatshops.
Q3) According to Henry Shue, firms are not in the business of protecting the interests of their workers, except when this is a means to accomplish the organizational objectives. A)True B)False
Q4) Explain how worker's compensation in the U.S. works.
Q5) Almost all of the hazards that workers face are known and visible. A)True B)False
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Chapter 6: Environmental Law and Justice: Responsibility and Survival
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/3129
Sample Questions
Q1) The Fifth Amendment to the Constitution explicitly protects private property owners' economic interests. Explain how this amendment affects owners of private property.
Q2) Explain how the tradeable permit plan works.
Q3) According to MIT professor Layzer, the lobbyists for the energy corporations have used which of the following tactics to avoid stricter regulation?
I. Portray the science of global warming as uncertain and debatable
II. Focus on the financial costs of regulation
III. Provide Senators and Representatives with financial incentives to vote against regulation
IV. Portray the environmentalists as extremists and a vocal minority.
A) I and II
B) I, II and III
C) I and III
D) I, II and IV
Q4) Explain the Crisis of Agrobiodiversity as explained by Carmen G. Gonzalez.
Q5) Discuss the obligations of human beings to Mother Earth according to the universal declaration of rights of Mother Earth.
Page 8
Q6) What is environmental justice? What started the movement in the United States?
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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/3130
Sample Questions
Q1) Identify the true statement(s) regarding freedom of speech:
I. It was not until the 1920s that legal doctrines protecting speech when offensive began to be recognized by the courts.
II. In the First National Bank v. Bellotti case, the Supreme Court struck down a state law prohibiting a corporation to advertise to influence voters on issues that did not "materially affect" its business.
III. In the Virginia Board case, the U.S. Supreme Court failed to link the "right to receive information and ideas" with the traditional values that underlie free speech.
IV. According to the Central Hudson decision, "protected commercial speech" cannot be regulated.
A) I & II only
B) II & III only
C) II, III and IV only
D) I, II III, and IV
Q2) Obesity in children has continued to rise since 1976 and approximately ¾ of all teens and youth are overweight.
A)True
B)False
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Chapter
Products Liability
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3131
Sample Questions
Q1) The term caveat emptor means:
A) "seller take care"
B) "empty the cave of deceit"
C) "buyer beware"
D) "truth shall prevail"
Q2) The Ford Pinto exploded when rear-ended by another vehicle. The Pinto suffered from a(an):
A) Design Defect
B) Manufacturing Defect
C) Warning Defect
D) End-user Defect
Q3) The most notable exception to caveat emptor was for A) Food
B) Automobiles
C) Clothing
D) Shoes
Q4) Discuss Sugarman's "Performance-based regulation." Is this a viable means to create safer products or is it unnecessary government interference?
Q5) What are punitive damages?
Page 10
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/3132
Sample Questions
Q1) Discuss the Fair Use Doctrine. What are the four statutory factors used to determine if a use is fair?
Q2) The difference between the Project Gutenberg (PG) and the Google book scanning project is:
A) The PG limits itself to the "classics"
B) The PG limits itself to only works in the public domain
C) Google only digitizes full documents but the PG digitizes key segments
D) The PG limits itself to "orphan" works - those with hard-to-find authors or owners.
Q3) If an author owns a copyright to a non-fiction essay, then publishes that essay in an anthology of similar essays published by a major publishing company, the rights involved in this relationship would be referred to as ______.
A) collective work
B) public domain
C) collective bargaining
D) joint domain
Q4) What must a plaintiff prove to establish copyright infringement?
Q5) Why was the Digital Millennium Copyright Act passed?
Page 12
Q6) Discuss how intellectual property is different from other kinds of property.
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