Corporate Governance Test Preparation
Course Introduction
Corporate Governance examines the systems, principles, and processes by which companies are directed and controlled. This course explores the roles and responsibilities of key stakeholders including boards of directors, management, shareholders, and regulatory bodies within the framework of legal, ethical, and regulatory considerations. Topics include corporate structure, executive compensation, shareholder rights, risk management, transparency, accountability, and the impact of governance on corporate performance. Students will analyze case studies and contemporary issues to understand how effective corporate governance can mitigate risks, foster ethical decision-making, and enhance long-term organizational value.
Recommended Textbook
Ethical Theory and Business 9th Edition by Denis
G. Arnold
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10 Chapters
302 Verified Questions
302 Flashcards
Source URL: https://quizplus.com/study-set/2469
Page 2
Chapter 1: Ethical Theory and Business Practice
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30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/49024
Sample Questions
Q1) The view that different societies have fundamentally different conceptions of right and wrong is known as common morality.
A)True
B)False
Answer: False
Q2) Moral philosophy, although a very young tradition of roughly 200 years, has been an integral part of business curriculum for as many years.
A)True
B)False
Answer: False
Q3) Which of the following methods can resolve moral disagreements
A) Making sure one's facts are right.
B) Obtaining definitional clarity of the issues.
C) Using reasoned analysis of arguments and positions
D) All of the above
Answer: D
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Page 3
Chapter 2: Corporate Responsibility
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30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/49025
Sample Questions
Q1) According to Milton Friedman in "The Social Responsibility of Business Is to Increase Its Profits," whether or not a company operates in a democracy is irrelevant to his view of corporate social responsibility.
A)True
B)False Answer: False
Q2) A theory of the firm perspective of the boundaries of stakeholder consideration is likely restricted to those who a firm is responsible to by law.
A)True
B)False Answer: True
Q3) According to John R. Boatright, the Sarbanes-Oxley Act fails to provide a provision in which corporate executives are forced to return compensation earned following misreported earnings reports and other unethical behavior.
A)True
B)False Answer: False
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Chapter 3: Ethical Treatment of Employees
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30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/49026
Sample Questions
Q1) Ronald Duska in "Whistle-Blowing and Employee Loyalty" would most likely agree with which of these statements
A)Employees owe companies a prima facie duty of loyalty, however, this is not sufficient to require a moral justification for whistle-blowing
B)Because employers provide employees with a livelihood they are owed a strong duty of loyalty, which precludes employees from whistle-blowing except in cases of Serious danger to the public.
C)Companies are not something that can rightly claim a duty of loyalty and thus there is no need to morally justify cases of whistle-blowing.
D)Justified whistle-blowing requires only a reasonable person standard regarding belief that harm will come from the actions of the company. Answer: C
Q2) According to Ronald Duska in "Whistle-Blowing and Employee Loyalty" we cannot have loyalty to any groups.
A)True
B)False
Answer: False
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Page 5
Chapter 4: Diversity, Discrimination and Harassment in the Workplace
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35 Verified Questions
35 Flashcards
Source URL: https://quizplus.com/quiz/49027
Sample Questions
Q1) Beauchamp, in "Affirmative Action Goals in Hiring and Promotion", mentions that empirical studies have reported diversity in the workforce being correlated with which of the following:
A) Customer satisfaction (positive correlation)
B) Higher-quality employees (positive correlation)
C) Less turnover (negative correlation)
D) All of the above
Q2) In "Diversity", Sher argues that under a justice model of diversity, a lack of racial, sexual, and ethnic diversity is problematic because it shows that opportunities remain unequal.
A)True
B)False
Q3) In "Sexual Harassment and Solidarity" Larry May argues that the central moral wrong that is committed in cases of sexual harassment is the displeasure it creates in violation of the utilitarian greatest happiness principle.
A)True
B)False
Q4) Give an example of a hostile or abusive work environment as described by Larry May in "Sexual Harassment and Solidarity".
Page 6
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Chapter 5: Marketing and the Disclosure of Information
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30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/49028
Sample Questions
Q1) David Holley outlines the fairness rule to include a necessity to reveal needed but unavailable information.
A)True
B)False
Q2) In "The Drug Pushers", Carl Elliott argues that nurses, not doctors or salespeople, are the new drug reps.
A)True
B)False
Q3) Describe "puffery" as introduced by Robert Arrington in "Advertising and Behavior Control".
Q4) In "The Ethics of Direct to Consumer Pharmaceutical Advertising", Denis Arnold believes that product claim advertisements are a good example of a consumer education attempt.
A)True
B)False
Q5) T of F: Brenkert suggests that consumers' vulnerabilities are usually within their control to correct.
A)True B)False
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Chapter 6: Ethical Issues in Finance and Accounting
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30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/49029
Sample Questions
Q1) Duska and Duska in "Ethics in Auditing: The Auditing Function" defend the rather demanding position that, based upon Kant's universalizability principle, auditors must avoid even the perception of conflict of interest. Begin by providing the best possible explanation/defense of their arguments leading to this conclusion, including an explanation of the universalizability principle and how it supports their conclusions. Then explain whether you believe that the authors' reasoning supports the conclusion they argue for.
Q2) Boyd, in "The Structural Origins of Conflicts of Interest in the Accounting Profession", highlighted "horizontal integration" of accounting firms. Explain what this means.
Q3) Richard Nielson defines leverage as which of the following
A)A strategy designed to reduce one's risk
B)The amount of money borrowed relative to the amount of capital owned or invested
C)A financial engineering instrument
D)A form of insurance against risky investments
Q4) As outlined by John Boatright, explain the practice of "churning" a client's account.
Q5) Briefly interpret what Nielson means by "High Leverage Finance Capitalism".
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Chapter 7: Ethical Issues Regarding Emerging Technologies
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30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/49030
Sample Questions
Q1) According to "Internet Content Providers and Complicity in Human Rights Abuse," Jeffery D. Smith would likely contend that direct violations are the most morally problematic form of complicity in human rights violations
A)True
B)False
Q2) According to Jeffery Smith, what basic human rights are violated by Chinese regulatory efforts on the internet
Q3) the panoptic gaze is highlighted as a metaphor in "Privacy and Internet Ethics" to demonstrate notions of power and control by organizations and institutions.
A)True
B)False
Q4) Deborah Johnson, in line with her essay, "Privacy and Internet Ethics", would determine that facts in the case "Privacy at MyFriends.com" call for immediate discontinuation of the social networks' use of the developers sharing personal information.
A)True
B)False
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Chapter 8: Ethical Issues Regarding the Natural Environment
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30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/49031
Sample Questions
Q1) According to Denis Arnold and Keith Bustos, Bowie's position in "Business, Ethics, and Global Climate Change," Bowie fails to take into account the interests of non-U.S. citizens and future generations.
A)True
B)False
Q2) : According to Denis Arnold and Keith Bustos, the consensus of scientific work on global climate change is that we have yet to accumulate sufficient evidence to suggest it is a real phenomenon.
A)True
B)False
Q3) In "Morality, Money, and Motor Cars", Norman Bowie suggests that businesses don't go the extra mile for green and/or sustainable products because consumers often reject green products as too expensive or too much trouble.
A)True
B)False
Q4) Hawken, Lovins, and Lovins suggest that an economy needs four types of capital to function. Names these four types of capital and define them.
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Chapter 9: Ethical Issues in International Business
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30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/49032
Sample Questions
Q1) Denis Arnold, in "The Human Rights Obligations of Multinational Corporations", clarifies that a shortcoming of the Universal Declaration of Human Rights (1948)is that its aim is primarily at which group
A) Western cultures
B) Corporations
C) Individuals
D) States
Q2) The Adidas case study highlighted the company's focused efforts to reform what kind of practices from their suppliers
Q3) The concept of "negative rights" as explained by Denis Arnold in "The Human Rights Obligations of Multinational Corporations", are rights that have been taken away because of illegal behavior.
A)True
B)False
Q4) In "The Human rights Obligations of Multinational Corporations" Denis Arnold argues that business has what type of obligations.Describe these obligations. Additionally, assess the managerial implications of such claims. What should corporations do with this information
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Chapter 10: Social and Economic Justice
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27 Verified Questions
27 Flashcards
Source URL: https://quizplus.com/quiz/49033
Sample Questions
Q1) According to John Rawls in "An Egalitarian Theory of Justice" the primary purpose of the "Veil of Ignorance" is to ensure that the principles of justice are chosen fairly and without bias.
A)True
B)False
Q2) In "The Entitlement Theory" the purpose of the Wilt Chamberlain example is to illustrate the unequal earning potential of sports stars.
A)True
B)False
Q3) Name the three arguments in favor of current levels of CEO pay as outlined by Jeffrey Moriarty.
Q4) In "Do CEOs Get Paid Too Much " Jeffrey Moriarty argues that there is no viable justification for the salaries that CEOs are paid. What if anything is morally wrong with the salaries that CEOs are paid. Be careful to use the ethical theories that have been discussed in order to defend your position.
Q5) John Rawls and Robert Nozick present two competing theories of justice. Compare and contrast them. Which view is more persuasive and why.What implications does your position have regarding the structure of our society
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