Corporate Accountability and Performance Quiz

What does accountability refer to?

The obligation to overlook the company's actions
The obligation to give an explanation for the company's actions (correct)
The obligation to hide the company's actions
The obligation to avoid responsibility for the company's actions

What do institutional investors want more information about?

Child-labor practices, pricing allowances, and customer services
Institutional investors do not require any specific information
Board performance, morally acceptable policies, and transparent financial data (correct)
Community involvement, senior management behavior, and product quality

What is fairness concerned with?

Creating biased work environments and unequal opportunities
Actions, processes, and consequences that are morally wrong and unfair
Providing biased work environments and unequal opportunities
Actions, processes, and consequences that are morally right, honorable and equitable (correct)

What is crucial in ensuring high performance within an organization?

Accountability (D) Signup and view all the answers

What is one of the steps to accountability mentioned in the text?

Keep records (C) Signup and view all the answers

What do customers demand information on according to the text?

Product quality, community involvement, and child-labor practices (A) Signup and view all the answers

What does transparency mean for a company?

Providing clear information to shareholders and other stakeholders. (D) Signup and view all the answers

What is one advantage of transparency for a company?

Demonstrating respect for both employees and customers. (C) Signup and view all the answers

What does Aristotle's quote 'Equals should be treated equally and unequals unequally' imply?

It implies that fairness is achieved by treating everyone differently based on their circumstances. (D) Signup and view all the answers

Why is open and honest communication important for staff involvement?

To maintain a higher degree of morale and job satisfaction among the staff. (D) Signup and view all the answers

How does transparency help in image management for a company?

By managing public perception through open and transparent behavior. (C) Signup and view all the answers

What is the significance of reaffirming equal opportunity for recognition in an organization?

To demonstrate equality and fairness within the organization. (C) Signup and view all the answers

What is the primary demand of institutional investors according to the text?

Fully transparent financial data (D) Signup and view all the answers

What does fairness in the workplace primarily involve?

Giving employees identical opportunities (C) Signup and view all the answers

What is the main aspect of accountability in the context of high performance within an organization?

Act promptly with care (D) Signup and view all the answers

What is a key characteristic of accountability as per the text?

Obligation to give an explanation for the company’s actions (D) Signup and view all the answers

What do customers primarily demand information on according to the text?

Community involvement and child-labor practices (A) Signup and view all the answers

What is the most crucial factor for ensuring high performance within an organization according to the text?

Act promptly with care (D) Signup and view all the answers

Which of the following is NOT mentioned as an advantage of transparency for a company?

Increased operational efficiency (A) Signup and view all the answers

What is one way in which transparency can help in image management for a company?

By releasing timely information advantageous to the company (A) Signup and view all the answers

What does fairness, according to the text, oppose?

Favoritism and cronyism (C) Signup and view all the answers

What does the text suggest is crucial for maintaining staff loyalty, morale, and job satisfaction?

Transparency and open communication with staff (B) Signup and view all the answers

What is one impact of transparency on customer service, as described in the text?

It increases customer loyalty through sincere and truthful behavior (C) Signup and view all the answers

What is one advantage of open and honest communication for staff involvement?

It facilitates building staff loyalty and higher degree of morale (A) Signup and view all the answers

What does the absence of transparency and accountability create, according to the text?

Mistrust between a government and its constituents (D) Signup and view all the answers

How does transparency contribute to a positive public perception, based on the text?

By openly providing clear information to shareholders and stakeholders (A) Signup and view all the answers

What does openness and willingness to provide clear information ensure?

Confidence in the decision-making process of a company (C) Signup and view all the answers