Business Corporate System Principles Quiz
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Questions and Answers

In Corporate Governance, who are the stakeholders that need to be balanced?

  • Suppliers and customers
  • Managers and employees
  • Governments and shareholders (correct)
  • Customers and financiers
  • What does Corporate Management primarily deal with?

  • Financial analysis
  • Daily operations (correct)
  • Strategic planning
  • Market research
  • According to Stewardship Theory of Corporate Governance, what is a steward responsible for?

  • Maximizing personal gains
  • Neglecting the needs of others
  • Protecting the interests of shareholders (correct)
  • Limiting company growth
  • What is the main goal of Stewardship governance?

    <p>Creating a successful organization for shareholder prosperity</p> Signup and view all the answers

    How does business ethics impact corporate governance?

    <p>It ensures good governance</p> Signup and view all the answers

    What is the primary purpose of Good Corporate governance?

    <p>Dealing with stakeholders in a fair manner</p> Signup and view all the answers

    What does 'Accountability' refer to in a company?

    <p>Giving an explanation for the company's actions</p> Signup and view all the answers

    Who are considered the primary stakeholders in a typical corporation?

    <p>Investors, employees, customers, and suppliers</p> Signup and view all the answers

    What is a key aspect of 'Fairness' in corporate decision-making?

    <p>Ensuring all shareholders receive equal consideration</p> Signup and view all the answers

    How can a company practice 'Transparency' effectively?

    <p>Proactively communicating information openly</p> Signup and view all the answers

    What is the relationship between management and the Board regarding 'Accountability'?

    <p>Management is accountable to the Board, and the Board is accountable to shareholders</p> Signup and view all the answers

    How does 'Fairness' impact decision-making in a company?

    <p>Balancing the interests of different stakeholders</p> Signup and view all the answers

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