Top 80+ Solved Corporate Governance and Business Ethics MCQ Questions Answer
Q. The concept of Corporate Social Responsibility originated in which time period?
a. 1920’s and 1930’s
b. 19th Century
c. 1980’s and 1990’s
d. 1960’s and 1970’s
Q. The generally accepted definition of a medium business is one with _____________ or feweremployees.
a. 50
b. 100
c. 200
d. 250
Q. Owners of stock in a corporation are only liable for ____________.
a. the amount they have invested in the company’s stock
b. their personal assets
c. the amount they have invested in the company’s stock and their personal assets
d. none of the above.
Q. A ____________ of an issue consists of weighing and balancing all of the competingdemands on a firm by each of those who have a claim on it.
a. stakeholder analysis
b. board of directors analysis
c. corporation analysis
d. management analysis
Q. The ____________ that corporations must meet is “do no harm”.
a. moral obligation
b. moral minimum
c. moral requirement
d. moral duty
Q. In large corporations, the ____________ is/are the legal overseers of management.
a. CEO
b. shareholders
c. board members
d. none of the above
Q. The ____________ position is that a corporation can and should be evaluated not only interms of its financial bottom line, but also in terms of its environmental bottom line and its social/ethical bottom line.
a. Bottom line
b. Double Bottom line
c. Triple Bottom line
d. Final line
Q. Triple Bottom Line reporting refers to:
a. using a low, medium and high estimates for profitability forecasts.
b. measuring the impact of the firm on stockholders, customers and employees.
c. measuring the social, environmental, and financial performance of the firm.
d. measuring the impact of local, state, and federal governments on the firm.
Q. Corporate governance can be defined as:
a. the system used by firms to control the actions of their employees.
b. the election process used to vote in a new Board of Director.
c. the corporate compliance system used by the firm.
d. the system used by firms to identify who the critical stakeholders are for the firm.
Q. The system that is used by firms to control and direct their operations and the operations oftheir employees is called:
a. Corporate Compliance.
b. Corporate Governance.
c. Corporate Control.
d. Corporate Directive.
Q. Which board of directors committee is responsible for the guidelines on how the board ofdirectors should operate.
a. Operating
b. Corporate governance
c. Corporate compliance
d. Guiding
Q. The Sarbanes-Oxley Act was a direct response to which ethics scandals?
a. Tyco
b. WorldCom
c. Enron
d. None of the above.