Corporate Governance Test Questions
Course Introduction
Corporate Governance explores the structures, processes, and practices that guide how corporations are directed and controlled. The course examines the roles and responsibilities of stakeholders such as boards of directors, executives, shareholders, and regulatory bodies. Key topics include ethical decision-making, board composition and function, risk management, executive compensation, shareholder rights, and regulatory frameworks. Through case studies and real-world examples, students gain insight into the challenges of balancing interests, ensuring transparency and accountability, and fostering sustainable business practices in diverse organizational contexts.
Recommended Textbook
Law and Ethics in the Business Environment 9th Edition by Terry Halbert
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10 Chapters
169 Verified Questions
169 Flashcards
Source URL: https://quizplus.com/study-set/2420
Page 2
Chapter 1: Law, Ethics, Business: An Introduction
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22 Verified Questions
22 Flashcards
Source URL: https://quizplus.com/quiz/48085
Sample Questions
Q1) Describe the difference between the law and ethics.
Answer: Law provides for a set of rules for behavior.When these rules are broken,behavior is punishable. On the other hand,ethics presents a menu of options,sometimes disconnected from laws. Laws are "what a person must do," and ethics addresses "what a person should do."
Q2) Explain why laws exist that do not impose a duty to rescue.
Answer: Traditionally,our society has tended to grant maximum leeway to individual freedom of choice.Requiring that people help one another in emergencies would infringe on that freedom by forcing people to act when they might choose not to. Further,imposing a duty to rescue presupposes that there is agreement that rendering assistance is always the right thing to do,which in some cases,it is not. It might also put the rescuer at risk of harm.
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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Page 3
Chapter 2: The New Economy: Revisioning Work
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/48086
Sample Questions
Q1) If you were advising a new start-up company regarding whether it should hire employees or independent contractors for its workforce,what would you tell them are the advantages of each?
Answer: A start-up might consider hiring employees because they tend to be more loyal and stable workers for the company. The company can also exert more control over when employees work and how they perform their work. Companies such as Redfin believe that using employees instead of independent contractors will lead to higher quality work because the employees are more invested in the company and see benefits when the company succeeds. Meanwhile,independent contractors are generally less expensive for the company and provide it with more flexibility regarding when to use them for work. You can more easily hire them on limited or periodic basis and then save money during the periods when you do not need their labor. They are also not entitled to certain protections and benefits provided by various employment laws,such as overtime pay and unemployment benefits.
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Chapter 3: Whistleblowing: Conflicting Loyalties
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15 Verified Questions
15 Flashcards
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Sample Questions
Q1) What is an Ag-Gag law?
A)A law that prevents companies in the agriculture industry from advertising their products.
B)A law that attempts to prevent videotaping and recording inside agricultural facilities.
C)A law that protects the free speech rights of journalists who investigate the agriculture industry.
D)A law that punishes agricultural companies that fire whistleblowing employees.
Answer: B
Q2) Explain why the plaintiff in Sullivan v.Harnisch was distinguishable from the plaintiff in Weider v.Skala,according to the Court of Appeals of New York?
Answer: The plaintiff in Weider v.Skala was an attorney who was fired by his law firm employer for insisting that professional misconduct be reported. The court concluded that his firing fell under an exception to at-will employment because the firm fired him for refusing to violate his ethical duties as barred attorney. The plaintiff in Sullivan was not similarly situated because the plaintiff's role as a compliance officer was not as central to his employment and there was not a professional code that strictly controlled his behavior.
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Page 5
Chapter 4: Privacy: Technology, Surveillance and Freedom
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17 Verified Questions
17 Flashcards
Source URL: https://quizplus.com/quiz/48088
Sample Questions
Q1) Judy's employer installed software on her work computer to monitor all of her internet activity,including personal emails. She believes this action constitutes an invasion of privacy and her employer may be liable in tort. Which legal standard would apply?
A)She will succeed if she can show that the installation of the software was an intentional intrusion "upon the solitude or seclusion her or her private affairs," and the employer's use of the software would highly offend a reasonable person.
B)She will succeed if she can show that her employer viewed information that was not public using the software.
C)She will succeed if she can show that her employer used the software to monitor her activity during work hours.
D)She will succeed if she can show that her employer did not act reasonably when installing the software
Q2) The term "privacy" does not appear anywhere in the Constitution of the United States. Explain Despite this,the Supreme Court has recognized privacy rights guaranteed by the Constitution. Provide three examples specific privacy protections that the Court has recognized.
Q3) Briefly describe what Alan Westin believes are the "functions of privacy."
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Chapter 5: Diversity: Equity and Justice for All
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18 Verified Questions
18 Flashcards
Source URL: https://quizplus.com/quiz/48089
Sample Questions
Q1) Which of the following federal government agencies is charged with enforcing Title VII of the Civil Rights Act of 1964?
A)U.S.Department ofLabor
B)<U>Merit Systems Protection Board</U>
C) <U>Office of Personnel Management</U>
D)<U>Equal Employment Opportunity Commission</U>
Q2) What is the EEOC guideline on English-only workplace rules? What are two reasons given for the rules?
Q3) 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
Q4) What must a plaintiff show to make a prima facie case of hostile work environment sexual harassment?
Q5) Explain the heightened scrutiny standard (also known as intermediate scrutiny)and identify when it applies.
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Chapter 6: Health and Safety: Workers Rights As Human Rights
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/48090
Sample Questions
Q1) Corporation social responsibility can be good for business because socially and environmentally responsible behavior promotes both corporate profits (in terms of cost-cutting and consumer preferences for responsible corporations).
A)True
B)False
Q2) What does the General Duty Clause of the OSH Act require?
A)Employees to fulfill their general duty to work in a safe and careful manner.
B)The duty of OSHA to monitor workplace safety.
C)The duty of employers to provide a work environment free from recognized hazards causing or likely to cause death or serious physical harm to employees.
D)The duty of employers to provide a work environment completely free of hazards.
Q3) When an employee files a worker's compensation claim:
A) The employee must prove the company was negligent.
B) The employer has the right to raise traditional defenses to negligence to defeat the claim.
C) Both a.and b.
D) Neither a.not b.
Q4) Explain how the worker's compensation system functions in the U.S.
Page 8
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Chapter 7: Environmental Sustainability: Law and Fairness
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16 Verified Questions
16 Flashcards
Source URL: https://quizplus.com/quiz/48091
Sample Questions
Q1) Explain the concepts of environmental justice and food justice and how the two can be integrated via Food Policy Councils.
Q2) According to John Locke,the purpose of government is to develop systems of control to protect public property.
A)True
B)False
Q3) The power of the U.S.Government to take property from a private individual and use it for public purposes is:
A)Due Process
B)Equal Protection
C)Eminent Domain
D)Suffrage
Q4) Under the Pollinator Risk Assessment Framework,the EPA must unconditionally register a pesticide unless it produces data demonstrating the pesticide is likely to harm bee populations.
A)True
B)False
Q5) Explain how the tradeable permit plan works.
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Chapter 8: Marketing: Technology,Choice, Manipulation
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17 Verified Questions
17 Flashcards
Source URL: https://quizplus.com/quiz/48092
Sample Questions
Q1) Which of the following reasons was offered by the court in Saray-Perez v.Wyeth for the need to include warnings in direct-to-consumer advertising?
I.Doctors spend less time with patients than they used to.
II.Pharmaceutical companies have the means to provide effective warnings to consumers.
III.The doctor-patient relationship is sacred.
IV.Patients have difficulty understanding warnings that accompany pharmaceutical products.
A)I only.
B)I and II only.
C)II and III only.
D)II and IV only.
Q2) Identify the true statement regarding freedom of speech:
A)Speech cannot be regulated by the government.
B)Corporations are afforded free speech protection.
C)Commercial speech that is misleading is still entitled to free speech protection.
D)According to theCentral Hudsondecision, "protected commercial speech" cannot be regulated.
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Chapter 9: Product Liability: Allocating Risk Responsibility
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/48093
Sample Questions
Q1) Absent provisions in the contract,which of the following types of damage can be awarded to an injured party under a breach of contract?
A)General damages only
B)General and incidental damages only
C)General, incidental, and special damages only
D)General, incidental, special and punitive damages
Q2) The organization that works with companies on recalls of unsafe products (such as lead-paint laden Thomas the Train toys)is
A)The Consumer Protection Group (CPG)
B)The Consumer Product Safety Commission (CPSC)
C)The Product Protection People (P3)
D)The Buy American Coalition (BAC)
Q3) In Wyeth v.Levine,the majority rejected the idea that primary responsibility for drug safety lies with the government and instead lies with the drug manufacturer.
A)True
B)False
Q4) Explain how injured parties can recover damages under the UCC.
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11
Chapter 10: Intellectual Property: Ownership, Creativity, and Innovation
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17 Verified Questions
17 Flashcards
Source URL: https://quizplus.com/quiz/48094
Sample Questions
Q1) Explain the U.S.patent system and give examples of items that can and cannot be patented.
Q2) In a lawsuit for copyright infringement,a defendant can avoid liability by successfully arguing _________,based on the notion that the free flow of ideas sometimes requires quoting or borrowing from a copyrighted work.
A)collective rights
B)misappropriation
C)unlimited use
D)fair use
Q3) Once the copyright on a work has expired:
A)The owner can renew it for a new term
B)The work is in the public domain
C)The work becomes the property of the government
D)The work is considered no longer creative
Q4) Discuss the Fair Use Doctrine. What are the four statutory factors used to determine if a use is fair?
Q5) Discuss how intellectual property is different from other kinds of property.
Q6) Discuss whether a company may obtain a competitor's trade secrets.
Q7) Why was the Digital Millennium Copyright Act passed?
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