Corporations and the Revised Corporation Code
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Questions and Answers

According to Monks and Minow (2011), what is a corporation?

  • An artificial being created by operation of law
  • A business entity with limited liability
  • A framework for corporate social responsibility
  • A structure established by law to allow parties to contribute to capital, expertise, and labor (correct)

    • According to the 2019 Revised Corporation Code, what is a corporation?

  • A structure established by law to allow parties to contribute to capital, expertise, and labor
  • A business entity with limited liability
  • An artificial being created by operation of law (correct)
  • A framework for corporate social responsibility

    • What are the four areas of reforms emphasized in the Revised Corporation Code?

  • Enhancement of ease of doing business, emphasis on corporate social responsibility, improved policies and regulatory corporate framework, and increased taxation
  • Enhancement of ease of doing business, emphasis on corporate social responsibility, fortified stockholder protection, and increased government intervention
  • Enhancement of ease of doing business, fortified stockholder protection, emphasis on corporate social responsibility, and improved policies and regulatory corporate framework (correct)
  • Enhancement of ease of doing business, fortified stockholder protection, increased government intervention, and improved policies and regulatory corporate framework

    • In ancient times, what was the expectation of the well-off individuals in terms of helping others?

    <p>To help and contribute to the lesser</p> Signup and view all the answers

    What is the significance of King Hammurabi's Code of Conduct in terms of corporate social responsibility?

    <p>It established a code of conduct for businesses in Ancient Mesopotamia</p> Signup and view all the answers

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