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Quiz3 A102

This document contains a 20 question quiz on risk management, corporate governance, and corporate social responsibility. The questions cover topics such as stakeholder theory, goals of the firm, corporate governance models, building an ethical organization, and drivers for CSR adoption. Multiple choice answers are provided for identification questions about specific companies, executives, and events related to ethics and governance failures.

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Wan Norhayati Wan Ahmad
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529 views4 pages

Quiz3 A102

This document contains a 20 question quiz on risk management, corporate governance, and corporate social responsibility. The questions cover topics such as stakeholder theory, goals of the firm, corporate governance models, building an ethical organization, and drivers for CSR adoption. Multiple choice answers are provided for identification questions about specific companies, executives, and events related to ethics and governance failures.

Uploaded by

Wan Norhayati Wan Ahmad
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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KAI 3043 RISK MANAGEMENT & CORPORATE GOVERNANCE

QUIZ 3, 4 & 5

NAME: ________________________ MATRIX NO: ____________ GROUP: ______

INSTRUCTION: PLEASE ANSWER ALL THE QUESTIONS IN THIS QUESTION PAPER

1. Ahmad and Mokthar showed that __________ can assure themselves that the
__________ will make optimal decisions only if appropriate incentives are given and
only if the __________ are monitored.
a. principals; agents; agents
b. agents; principals; principals
c. principals; agents; principals
d. agents; principals; agents

2. What is the most appropriate goal of the firm?


a. Shareholder wealth maximization.
b. Profit maximization.
c. Stakeholder maximization.
d. EPS maximization.

3. A concept that implies that the firm should consider issues such as protecting
the consumer, paying fair wages, maintaining fair hiring practices, supporting
education, and considering environmental issues.
a. Profit maximization
b. Agency theory.
c. Stakeholder theory.
d. CSR.

4. Corporate governance success includes three key groups. Which of the


following represents these three groups?
a. Suppliers, managers, and customers.
b. Board of Directors, executive officers, and common shareholders.
c. Suppliers, employees, and customers.
d. Common shareholders, managers, and employees.

5. The Cadbury Committee was set up to address the


a. Issue of good corporate governance
b. Financial aspects of corporate governance
c. Problem of deteriorating of values
d. Mal practices in the corporate world

6. Which of the following is a feature of the German model of corporate


governance?
a. Shareholders role being performed by elected Board of Directors
b. High rate of worker participation in the governance mechanism
c. Crucial role of financial institutions in governance mechanism

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d. Representatives of shareholders and employees participate in the
governance mechanism
7. Which of the following aspects of an organization helps in building an ethical
organization?
i. The organization’s values
ii. The organization’s mission
iii. Its policies
iv. Responsibility towards environment
a. Only i
b. ii and iii
c. i, ii and iii
d. All the above

8. One of the major ethical dilemma faced by operations managers in the present
scenario is
a. Forecasting the future
b. Achieving daily targets in production
c. Quality control
d. Updating to technology innovations

9. True or False. Bank of America, Cisco, Coca Cola, Intel and Merck are among
the U.S. companies most widely sought as investments which are socially
responsible.

10. True or False. The listing requirement of Bursa Malaysia on corporate


governance passed last year makes it illegal for the first time for Malaysia public
companies to issue misleading or fraudulent financial statements.

11. All of the following except ________ provide rationales for why the process of
conducting a cost-benefit analysis of CSR is difficult.
a philanthropic activities of a corporation are usually undertaken at a discounted cost
to the business
b the needs and preferences of society change rapidly and often
c many of the advantages gained such as goodwill are intangible in nature
d sometimes there are no actual dollar costs involved

12. Of the following, which trend is least likely to be considered a driving force for
businesses to adopt CSR frameworks?
a The ready adoption of diversity within organizations
b The globalization of business
c The increasing buying power of society
d The resurgence of environmentalism

13. The various interest groups associated with the organization expect and demand
their claims toward the organization be settled in a responsible manner. When
discussing this concept, all of the following statements would be considered true of a
corporation's interest groups except which one?

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a Governments expect adherence to legislation.
b Stockholders desire appropriate returns on their investments.
c The general public wants products with fair pricing.
d Employees seek broadly defined job satisfaction from their jobs

14. Which type of social responsibility is best identified as being the firm's
obligations to comply with the rules and statutes that regulate business activities?
a. Economic responsibility
b. Legal responsibility
c. Discretionary responsibility
d. Ethical responsibility

15. Responsibilities voluntarily assumed by a business such as public relations, good


citizenship, and full corporate responsibility is best identified as which one of the
following?
a. Economic responsibility
b. Legal responsibility
c. Discretionary responsibility
d. Ethical responsibility

16. Which one of the following would not be considered one of the principles of
successful corporate social responsibility collaboration?
a Developing short-term objectives
b Identification of a long-term durable mission
c Contribution of specialized services to a large-scale undertaking
d Leveraging of core capabilities

17. A _____ attempts to measure a company's actual social performance against the
social objectives it has set for itself.
a corporate philosophy audit
b social responsibility statement
c social audit
d statement of ethical philosophy

18. Organization´s structure of reponsibilities, procedures and processes for


protecting the environment and managing environmental issues is known
as__________________.
a environmental audit
b environmental reporting
c corporate social responsibility
d environmental management system

19. Who was the chief executive officer that earned RM4,697,000 in year 2010?
__________________

20. Who was the whistle blower at Enron? _____________________________

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