Core Principles in Business Operation and Stewardship: Fairness
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Questions and Answers

What is the primary purpose of accountability in corporate governance?

  • Creating a consensus approach for decision making
  • Auditing organizational decisions
  • Establishing fundamental systems for recovery
  • Ensuring compliance with ethical and legal considerations (correct)

    • How does transparency relate to honesty and open communication?

  • It prevents individuals from sharing uncomfortable information
  • It embodies honesty and open communication (correct)
  • It encourages dishonesty within organizations
  • It limits access to information

    • What does corporate governance aim to prevent and detect?

  • Misconduct and unethical activities (correct)
  • Rapid decision-making
  • Employee promotions
  • Strategic goal achievement

    • In the context of corporate governance, what does oversight provide?

    <p>Checks and balances to limit deviations from policies</p> Signup and view all the answers

    What does a value of honesty in an organization align with?

    <p>Consistency in acting on concerns</p> Signup and view all the answers

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