5 Questions
According to Monks and Minow (2011), what is a corporation?
A structure established by law to allow parties to contribute to capital, expertise, and labor
According to the 2019 Revised Corporation Code, what is a corporation?
An artificial being created by operation of law
What are the four areas of reforms emphasized in the Revised Corporation Code?
Enhancement of ease of doing business, fortified stockholder protection, emphasis on corporate social responsibility, and improved policies and regulatory corporate framework
In ancient times, what was the expectation of the well-off individuals in terms of helping others?
To help and contribute to the lesser
What is the significance of King Hammurabi's Code of Conduct in terms of corporate social responsibility?
It established a code of conduct for businesses in Ancient Mesopotamia
Test your knowledge about corporations and their definition under the Revised Corporation Code. This quiz will cover key concepts and terms related to corporations as artificial beings created by law.
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