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This set of Corporate Governance Multiple Choice Questions & Answers (MCQs) focuses on Corporate Governance Set 3

Q1 | Which of the following does the term Corporate Social Responsibility relate to?
  • Ethical conduct
  • Environmental practice
  • Community investment
  • All of the above
Q2 | Who are organisational stakeholders?
  • Government
  • Employees
  • Customers
  • All of the above
Q3 | What is Ethics to do with?
  • The wider community
  • Business
  • Right and wrong
  • Nothing
Q4 | Which of the following is an example of an area where business ethics apply?
  • Conduct of international operation
  • Nowhere
  • In the personal life of staff
  • None of the above
Q5 | Which legislation relates to the concept of business ethics?
  • Freedom of Information Act
  • Food Act
  • Building regulations
  • All of these
Q6 | The four types of social responsibility include:
  • legal, philanthropic, economic, and ethical
  • ethical, moral, social, and economic
  • philanthropic, justice, economic, and ethical
  • legal, moral, ethical, and economic
Q7 | The dimension of social responsibility refers to a business's societal contribution oftime, money, and other resources.
  • Ethical
  • Philanthropic
  • Volunteerism
  • Strategic
Q8 | Stakeholders are considered more important to an organization when:
  • they can make use of their power on the organization
  • they do not emphasize the urgency of their issues
  • their issues are not legitimate
  • they can express themselves articulately
Q9 | A is a problem, situation, or opportunity requiring an individual, group, ororganization to choose among several actions that must be evaluated as right or wrong.
  • Crisi
  • ethical issue
  • indictment
  • fraud
Q10 | Which moral philosophy seeks the greatest good for the greatest number of people?
  • Consequentialism
  • Utilitarianism
  • Egoism
  • Ethical formalism
Q11 | What type of justice exists if employees are being open, honest, and truthful in theircommunications at work?
  • Procedural
  • Distributive
  • Ethical
  • Interactional
Q12 | A high-commitment approach to environmental issues may include all of the following except:
  • risk analysi
  • stakeholder analysis
  • green-washing
  • strategic sustainability auditing
Q13 | Better access to certain markets, differentiation of products, and the sale of pollution-controltechnology are ways in which better environmental performance can:
  • increase revenue
  • increase costs
  • decrease revenue
  • decrease costs
Q14 | Most companies begin the process of establishing organizational ethics programs bydeveloping:
  • ethics training programs.
  • codes of conduct.
  • ethics enforcement mechanisms.
  • hidden agendas.
Q15 | When a firm charges different prices to different groups of customers, it may be accused of:
  • cultural relativism
  • money laundering
  • facilitating payments
  • price discrimination
Q16 | The social economy partnership philosophy emphasizes:
  • cooperation and assistance.
  • profit maximization.
  • competition.
  • restricting resources and support.
Q17 | Which of the following is not a driver of responsible competitiveness?
  • Policy driver
  • Development drivers
  • Business action
  • Social enablers
Q18 | Which of the following is a problem presented by ethics audits?
  • They may be used to reallocate resources.
  • They identify practices that need improvement.
  • Selecting auditors may be difficult.
  • They may pinpoint problems with stakeholder relationships.
Q19 | The first step in the auditing process should be to secure the commitment of:
  • employees.
  • top executives and directors.
  • stockholders.
  • customers.
Q20 | Codes of conduct and codes of ethics
  • are formal statements that describe what an organization expects of its employees.
  • become necessary only after a company has been in legal trouble.
  • are designed for top executives and managers, not regular employees.
  • rarely become an effective component of the ethics and compliance program.
Q21 | Which of the following is NOT one of the primary elements of a strong organizationalcompliance program?
  • A written code of conduct
  • An ethics officer
  • Significant financial expenditures
  • A formal ethics training program
Q22 | are standards of behaviour that groups expect of their members.
  • Codes of conduct.
  • Group values.
  • Group norms.
  • Organizational norms.
Q23 | In a organization, decision making is delegated as far down the chain ofcommand as possible.
  • Decentralized
  • Creative
  • Flexible
  • Centralized
Q24 | Managerial ethics can be characterised by all of the following levels except
  • immoral management
  • amoral management
  • demoral management
  • moral management
Q25 | External audit of the accounts of a limited company is required
  • because it is demanded by the company‚Äôs bankers
  • by the Companies Act 2013
  • at the discretion of the shareholders
  • to detect fraud