14 Questions
What is the main focus of Chapter 5 in the book Business Ethics by Dr. Abdullah Rashid Al Maawali?
Corporate Governance
Who are the managers of business corporations primarily accountable to?
Owners and public interest/stakeholders
What is the main responsibility of the board of directors in a corporation?
Overseeing top management with the concurrence of the shareholders
Which individuals are typically categorized as inside directors in a board of directors?
Officers or executives employed by the corporation
What does effective board leadership encompass in a corporation?
Strategy of the organization
What is the role of a corporation according to the provided text?
To allow different parties to contribute capital, expertise, and labor for mutual benefit
What determines the size of a board in the United States?
The corporation’s charter and by-laws
What is the average number of directors on the board of a large, publicly held U.S. firm?
10
What is the average number of members on the board of a small, privately-held company?
4
What is the role of top management in an organization?
Get things accomplished through and with others to meet corporate objectives
What is the first step in disregarding the corporate governance model according to the text?
Merge the roles of CEO and chairman of the board into one individual
Why do some people favor merging the roles of CEO and chairman of the board?
Minimizes conflict
What is fiduciary responsibility based on?
Trust
"No system of corporate governance can be totally proof against fraud or incompetence." According to this statement, what is the test for such aberrations?
Effectively accountable participants
Test your knowledge of corporate governance and whistle-blowing in the context of business ethics. Topics include the definition of corporate governance, the accountability of managers to owners and stakeholders, and the concept of whistle-blowing. This quiz is based on the content from Chapter 5 of Dr. Abdullah Rashid Al Maawali's PhD course in Business Administration.
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