Corporate Governance Question Bank
Course Introduction
Corporate Governance explores the structures, processes, and mechanisms by which corporations are directed and controlled. This course examines the roles and responsibilities of key stakeholders, including shareholders, management, boards of directors, and regulatory bodies. Topics covered include ethical decision-making, accountability, transparency, executive compensation, internal controls, and risk management. Through case studies and real-world examples, students will analyze best practices and the impact of governance frameworks on corporate performance, sustainable growth, and societal trust, preparing them to understand and shape governance standards in various organizational contexts.
Recommended Textbook
Business Ethics Ethical Decision Making and Cases 9th Edition by O. C. Ferrell
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10 Chapters
440 Verified Questions
440 Flashcards
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Chapter 1: The Importance of Business Ethics
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41 Verified Questions
41 Flashcards
Source URL: https://quizplus.com/quiz/21922
Sample Questions
Q1) Which of the following is not cited as an example of a global collaborative effort to establish standards of business conduct?
A) Council on Economic Priorities' Social Accountability 8000
B) Ethical Trading Initiative
C) U.S. Apparel Industry Partnership
D) United States Sentencing Commission
E) World Trade Organization
Answer: D
Q2) Business ethics, as a field, has passed through which of the following states?
A) A field of study to theological discussion to recognition of social issues
B) Recognition of social issues to a field of study to theological discussion
C) A field of study to recognition of social issues to theological discussion
D) Recognition of social issues to theological discussion to a field of study
E) Theological discussion to recognition of social issues to a field of study
Answer: E
Q3) How does ethics contribute to customer satisfaction?
Answer: Pages 19-20
Q4) How do values and judgments play a critical role when we make ethical decisions?
Answer: Page 7
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Chapter 2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
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49 Verified Questions
49 Flashcards
Source URL: https://quizplus.com/quiz/21923
Sample Questions
Q1) Which of the following are not typically primary stakeholders?
A) Customers
B) Trade associations
C) Employees
D) Shareholders
E) Investors Answer: B
Q2) What are the four levels of social responsibility?
A) Financial, religious, ethical, and philanthropic
B) Ethical, philanthropic, selfish, and short-sighted
C) Economic, long-term, ethical, and philanthropic.
D) Legal, economic, ethical, and philanthropic
E) Economic, compliance, legal, and philanthropic
Answer: D
Q3) Why is ethical misconduct more difficult to overcome than poor financial performance?
Answer: Page 31
Q4) Discuss the difference between primary and secondary stakeholders in the stakeholder interaction model and give examples for each type.
Answer: Pages 33-34
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Chapter 3: Emerging Business Ethics Issues
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45 Verified Questions
45 Flashcards
Source URL: https://quizplus.com/quiz/21924
Sample Questions
Q1) The ethical decision-making process begins
A) with a conflict of interest.
B) when an individual experiences a conflict between his or her values and those of his or her firm.
C) when stakeholders trigger ethical issue awareness and individuals openly discuss it with others.
D) with a conflict in values.
E) when an individual experiences a conflict between his or her values and those of society.
Answer: C
Q2) _____ involves tricking individuals into revealing their passwords or other valuable corporate information.
A) Shoulder surfing
B) Remote hacking
C) Social engineering
D) Physical hacking
E) Dumpster diving
Answer: C
Q3) What is a conflict of interest? Provide an example.
Answer: Page 70
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Chapter 4: The Institutionalization of Business Ethics
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44 Verified Questions
44 Flashcards
Source URL: https://quizplus.com/quiz/21925
Sample Questions
Q1) Which of the following groups is not a group that receives special legal protections?
A) The elderly
B) Children
C) Senior citizens
D) The highly educated
E) Young consumers
Q2) Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except
A) sustained price cuts.
B) free samples.
C) discriminatory pricing.
D) price wars.
E) corporate espionage.
Q3) According to the text, the opinions of society, as expressed through legislation, can change over time and different courts and government legislatures may take different views about the acceptability of specific business activities. Why is this so?
Q4) Why do you think the costs of compliance with Sarbanes Oxley go down over time?
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6
Chapter 5: Ethical Decision Making and Ethical Leadership
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) _____ involves subordinates simply following the directives of a superior without question. It demonstrates the influence that significant others can exert in the workplace.
A) Obedience to authority
B) Locus of control
C) Opportunity
D) Transactional leadership
E) Immediate job context
Q2) Which of the following is not an individual factor that affects business ethics?
A) Nationality
B) Age
C) Religion
D) Significant others
E) Education
Q3) Ethical leadership should be based on
A) holistic thinking that embraces the complex issues facing firms every day.
B) a strong shareholder desire for profits.
C) the opinions of a leader who defines success in terms of group gratification.
D) short-term thinking that looks at the firm's health on a day-to-day basis.
E) people who embrace a transactional style of leadership.
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Page 7
Chapter 6: Individual Factors: Moral Philosophies and Values
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40 Verified Questions
40 Flashcards
Source URL: https://quizplus.com/quiz/21927
Sample Questions
Q1) A marketing manager who orders that a manufacturing plant be refitted to make it safer for workers, no matter what the cost, may be a(n) _____ because he believes in the rights of all individuals.
A) egoist
B) utilitarian
C) deontologist
D) relativist
E) hedonist
Q2) Which moral philosophy is based on the premise that equal respect must be given to all persons?
A) The relativist perspective
B) Deontology
C) Egoism
D) Teleology
E) Utilitarianism
Q3) Compare and contrast the two teleological philosophies: egoism and utilitarianism. Include a discussion of the bases that each type uses to evaluate the morality of activities.
Q4) What is white collar crime and why has it become such a widespread problem?
Page 8
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Chapter 7: Organizational Factors: the Role of Ethical
Culture and Relationships
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45 Verified Questions
45 Flashcards
Source URL: https://quizplus.com/quiz/21928
Sample Questions
Q1) An organization that delegates decision-making authority as far down the chain of command as possible and has relatively few formal rules is
A) centralized.
B) decentralized.
C) flat.
D) tall.
E) ethical.
Q2) The _____ leader demands instantaneous obedience and focuses on punishing wrong behavior, achievement, initiative, and self-control.
A) democratic
B) coaching
C) affiliative
D) coercive
E) pacesetting
Q3) Explain how corporate culture influences the ethical behavior of employees within an organization.
Q4) Describe the different kinds of power. Are some types of power more likely to result in ethical behavior than others?
Page 9
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Chapter 8: Developing an Effective Ethics Program
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40 Verified Questions
40 Flashcards
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Sample Questions
Q1) All of the following are useful in monitoring ethical conduct and measuring the effectiveness of the ethical program except
A) observation of employees.
B) internal audits.
C) firing.
D) surveys.
E) reporting systems.
Q2) A _____ generates an ethical program that creates order by requiring that employees identify with and commit to specific required conduct using legal terms and statutes.
A) values orientation
B) code of conduct
C) statement of values
D) code of ethics
E) compliance orientation
Q3) What are some of the ways that organizations can develop effective ethics programs?
Q4) What are the major features of a successful ethics training program and communication systems? Think of an example of a company with strong employee ethics training.
10
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Chapter 9: Managing and Controlling Ethics Programs
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Sample Questions
Q1) Which of the following is a possible unintended consequence of an organization's focusing more on ethics planning than on implementation?
A) Unethical conduct is viewed as acceptable behavior.
B) The government implements its own audits.
C) The ethics program is poorly designed.
D) Employees become annoyed.
E) The implementation process incurs large costs for the organization.
Q2) What are the three Triple Bottom Line factors incorporated into the Global Reporting Initiative framework?
A) Economic, social, personal indicators
B) Political, social, and environmental indicators
C) Economic, social, and environmental indicators
D) Political, individual, and environmental indicators
E) Political, individual, and personal indicators
Q3) What is the Global Reporting Initiative? What is its goal? Why has it grown in importance?
Q4) Explain the benefits and risks of ethics auditing.
Q5) Describe the process of conducting an ethics audit in detail.
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Chapter 10: Globalization of Ethical Decision Making
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46 Verified Questions
46 Flashcards
Source URL: https://quizplus.com/quiz/21931
Sample Questions
Q1) Which of the following has the power to enact legally binding ground rules for international commerce and trade policy?
A) Global Sullivan Principles
B) World Trade Organization
C) Global Sullivan Organization
D) Federal Trade Commission
E) Global Commerce Association
Q2) Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?
A) Adam Smith
B) John Maynard Keynes
C) Milton Friedman
D) Herbert Hoover
E) Geert Hofstede
Q3) Why are many international business ethics issues different from domestic ethical issues?
Q4) What is dumping and why is it considered anticompetitive? Does the United States allow dumping?
Q5) Discuss the ethical issues associated with multinational corporations.
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