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What is the purpose of oversight in corporate governance?
What is the purpose of oversight in corporate governance?
- To decrease transparency in decision-making processes
- To limit employees' opportunities to deviate from policies and strategies (correct)
- To provide financial oversight only
- To enforce compliance with legal considerations only
How does accountability contribute to corporate governance?
How does accountability contribute to corporate governance?
- By ensuring that workplace decisions align with the firm's strategic direction (correct)
- By promoting a lack of transparency in operations
- By limiting stakeholder involvement in decision-making processes
- By encouraging unethical activities within the organization
What is the main goal of effective corporate governance?
What is the main goal of effective corporate governance?
- To limit stakeholder understanding of organizational goals
- To encourage unethical behavior among employees
- To create a compliance and ethics culture within the organization (correct)
- To discourage recovery and continuous improvement efforts
How does transparency impact organizational communication?
How does transparency impact organizational communication?
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Why is alignment between standards and values important in an organization?
Why is alignment between standards and values important in an organization?
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What are the three fundamental elements that motivate people to be fair?
What are the three fundamental elements that motivate people to be fair?
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In business, what does reciprocity refer to?
In business, what does reciprocity refer to?
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Why is discriminating based on gender, race, or religion considered unfair in business?
Why is discriminating based on gender, race, or religion considered unfair in business?
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What is the main ethical issue raised regarding reciprocity in businesses?
What is the main ethical issue raised regarding reciprocity in businesses?
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How does fairness overlap with justice, equity, and morality?
How does fairness overlap with justice, equity, and morality?
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