Corporate Governance
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Course Introduction
Corporate Governance explores the systems, principles, and processes by which corporations are directed and controlled. The course examines the roles and responsibilities of key stakeholders, including shareholders, boards of directors, managers, and regulatory authorities. Students will analyze corporate governance frameworks and best practices, ethical considerations, the impact of governance on firm performance, and the global trends influencing contemporary governance structures. Through case studies and real-world examples, the course aims to equip students with the skills to assess governance mechanisms and propose solutions to governance challenges in various organizational contexts.
Recommended Textbook Business Ethics Ethical Decision Making Cases 12th Edition by O. C. Ferrell
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12 Chapters
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Chapter 1: The Importance of Business Ethics
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51 Verified Questions
51 Flashcards
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Sample Questions
Q1) Most organizations with strong ethical climates usually focus on the core value of placing _____ interests first.
A)customers'
B)employees'
C)stockholders'
D)suppliers'
E)distributors'
Answer: A
Q2) _____________ is a global compliance management standard that addresses risks, legal requirements, and stakeholder needs.
A)Ethical Trading Initiative
B)UN Global Compact
C)Defense Industry Initiative on Business Ethics and Conduct
D)Stakeholder theory
E)ISO 19600
Answer: E
Q3) Morals are enduring beliefs and ideals that are socially enforced.
A)True
B)False
Answer: False
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Chapter 2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
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50 Flashcards
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Sample Questions
Q1) In corporate governance, _____ is the process of auditing and improving organizational decisions and actions.
A)profit
B)loyalty
C)accountability
D)control
E)diligence
Answer: D
Q2) A stakeholder orientation is not complete unless it includes
A)clear accounting procedures.
B)major financing activities.
C)marketing strategy.
D)feedback from special-interest groups.
E)activities that actually address stakeholder issues.
Answer: E
Q3) Why is ethical misconduct more difficult to overcome than poor financial performance?
Answer: Lost finances can be regained but loss of reputation and shareholder confidence could be deadly.
Page 4
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Chapter 3: Emerging Business Ethics Issues
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52 Flashcards
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Sample Questions
Q1) _____ are used to obtain or retain business and are not generally considered illegal in the United States.
A)Facilitation payments
B)Bribes
C)Gifts
D)Coercive techniques
E)Threats
Answer: A
Q2) War metaphors are common in business. This kind of mindset can be dangerous for business leaders because
A)it may lead executives to become violent.
B)it may foster the idea that honesty is unnecessary in business.
C)it results in organizations that are not profitable.
D)it leads executives to commit illegal actions.
E)business is more like a game than a war.
Answer: B
Q3) Examples of consumer fraud include shoplifting, collusion, guile, and duplicity.
A)True
B)False
Answer: True
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Chapter 4: The Institutionalization of Business Ethics
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Sample Questions
Q1) The _____ of ethics involves embedding values, norms, and artifacts in organizations, industries, and society.
A)institutionalization
B)rationalization
C)commercialization
D)mobilization
E)enforcement
Q2) This is a leading self-regulatory body that provides directions for managing customer disputes and reviews advertising cases.
A)Consumer Financial Protection Bureau
B)Federal Trade Commission
C)Better Business Bureau
D)Open Compliance Ethics Group
E)Occupational Safety and Health Administration
Q3) Sarbanes-Oxley is considered to be the most sweeping financial overhaul of the regulatory system since the Great Depression.
A)True
B)False
Q4) Why do you think the costs of compliance with Sarbanes Oxley go down over time?
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Chapter 5: Ethical Decision Making
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Sample Questions
Q1) Familiarizing employees with company values and training them to recognize common ethical scenarios helps them generate
A)ethical awareness.
B)moral intensity.
C)ethical issue intensity.
D)individual values.
E)principles.
Q2) Those who have influence in a work group are referred to as significant others and include
A)peers, managers, coworkers, and subordinates.
B)family members, peers, and coworkers.
C)spouses and friends.
D)employees in similar job situations.
E)employees who hold the same job.
Q3) The ethical decision making model will be able to tell you whether a decision is ethical or unethical.
A)True
B)False
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Chapter 6: Individual Factors: Moral Philosophies and Values
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Sample Questions
Q1) In Kohlberg's model, the stage of mutual interpersonal expectations, relationships, and conformity (stage 3) differs from the stage of individual instrumental purpose and exchange (stage 2) in terms of the individual's motives in
A)considering fairness to others.
B)maintaining the social order.
C)considering duty to society.
D)upholding the basic values of society.
E)maintaining obedience to authority.
Q2) Which moral perspective defines ethical behavior subjectively from the unique experiences of individuals and groups?
A)Virtue ethics
B)Egoism
C)The relativist perspective
D)Absolutism
E)Justice
Q3) Interactional justice considers the processes and activities that produce a particular outcome.
A)True
B)False
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Chapter 7: Organizational Factors: the Role of Ethical
Culture and Relationships
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Sample Questions
Q1) The exacting organizational culture is interested in A)performance but has little concern for employees.
B)investors' impressions of profitability.
C)maintaining a strong corporate culture.
D)employees and performance.
E)employees' impressions.
Q2) Associating with others who are unethical and who have the opportunity to act unethically can lead to a learning process known as A)compliance.
B)misconduct.
C)opportunity.
D)differential equations.
E)differential association.
Q3) Which power is likely to be effective in the short run but not in the long run?
A)Coercive power
B)Reward power
C)Referent power
D)Expert power
E)Legitimate power
Page 9
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Chapter 8: Developing an Effective Ethics Program
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Sample Questions
Q1) Companies should model their ethics training and communication initiatives after those of their competitors'.
A)True
B)False
Q2) The Federal Sentencing Guidelines for Organizations require federal judges to increase fines for organizations that continually
A)hire employees later found to be unethical.
B)implement a compliance instead of a values orientation.
C)fail to install a Federal Sentencing Guidelines program.
D)fail to report ethics program activities.
E)tolerate misconduct.
Q3) The support of top management is essential to the successful effectiveness of an ethics and compliance program.
A)True
B)False
Q4) What is the role of an ethics officer within an organization? What are his or her duties? To whom does the FSGO guidelines recommend that the ethics officer report?
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Page 10
Chapter 9: Managing and Controlling Ethics Programs
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Sample Questions
Q1) What should be the first step in the auditing process?
A)Secure the commitment of top executives and directors
B)Define the scope of the audit
C)Establish a committee to oversee the audit
D)Collect and analyze data
E)Review organizational mission, goals, values, and policies
Q2) The concept of ethics-auditing emerged from the movement to audit and report on companies' broader _____ initiatives.
A)product development
B)legal compliance
C)risk management
D)public relations
E)social responsibility
Q3) Two useful indicators for assessing employee issues are
A)staff turnover and stock price.
B)staff turnover and employee satisfaction.
C)staff turnover and honesty.
D)employee satisfaction and attendance.
E)employee satisfaction and productivity.
Q4) 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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Sample Questions
Q1) How members of a society respond to uncertainty or ambiguity is referred to as
A)rational economics
B)cultural relativism.
C)collectivism.
D)power distance.
E)uncertainty avoidance.
Q2) _____ is a term used by Adam Smith to explain the inherent mechanisms at work in free market systems that keep commerce in equilibrium. It is also known as the "invisible hand."
A)Consumerism
B)Cultural relativism
C)Social democracy
D)Laissez-fair
E)Bimodal wealth distribution
Q3) Which of the following is not an article in the UN Human Rights Declaration?
A)Freedom of religion
B)The right to work in favorable conditions
C)The right to electricity and running water
D)The right to a home adequate for health and well-being
E)Mothers and children being entitled to a special level of care
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Chapter 11: Ethical Leadership
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Sample Questions
Q1) Discuss the differences between the five styles of conflict management and provide an example for each conflict management style.
Q2) Which two steps of the RADAR model occur when a firm is faced with an ethical conflict or dilemma?
A)Recognize & Avoid
B)Answer & Recover
C)Detect & Avoid
D)Answer & Detect
E)Recover and Detect
Q3) _____ can be used to promote organizational goals and help rather than hinder other employees.
A)Office politics
B)Political skills
C)Ethical conflict
D)Democracy
E)Coercion
Q4) Discuss the differences between groupthink and group polarization, providing examples of each.
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Page 13
Chapter 12: Sustainability: Ethical and Social Responsibility
Dimensions
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Sample Questions
Q1) Stakeholder assessment is an important part of a ______________approach to environmental issues.
A)low-commitment
B)medium-commitment
C)high-commitment
D)hands-off
E)hands-on
Q2) Which of the following is likely the biggest contributor of illnesses in developing countries?
A)Acid rain
B)Water pollution
C)Deforestation
D)Global warming
E)Landfill waste
Q3) What is the largest form of renewable energy?
A)Hydropower
B)Solar power
C)Geothermal power
D)Biofuels
E)Nuclear power
Page 14
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