DPAI QUIZ 260421

1. In which CSR business activity would an organization consider CSR risks before projects are approved?

• a. External and internal reporting of results.

• b. Establishing and communicating policies and procedures.

• c. Integrating CSR principles and controls into the decision-making process.

• d. Monitoring, evaluating results, and benchmarking.

2. The internal audit activity most directly contributes to the governance process by...

• a. Assessing whether the organization’s objectives align with its mission

• b. Evaluating the adequacy of controls over safeguarding of assets.

• c. Assessing organizational performance management.

• d. Evaluating the effectiveness of the risk-management system

3. What are the major components of governance?

1) Strategic direction

2) Oversight

3) Regulations

4) Ethics

• a. 1, 2, and 4 only

• b. 2 and 4 only

• c. 3 and 4 only

• d. 1 and 2 only

4. Business ethics scholar Archie B. Carroll has identified four responsibilities an organization must fulfill to be called socially responsible. All of the following is one of these four responsibilities except

• a. Economic responsibility to be profitable.

• b. Environmental responsibility in consumption of energy.

• c. Ethical responsibility to be ethical in its practices.

• d. Philanthropic responsibility to be a good corporate citizen.

5. Risk owners are responsible for which of the following?

1) Evaluating the organization’s ability to carry out risk management activities as designed.

2) Determining the expectations of stakeholders and the outcomes that are unacceptable.

3) Establishing monitoring activities.

4) Ensuring that information to be reported is accurate, timely, and available.

• a. 1 and 2 only

• b. 1, 3, and 4 only

• c. 3 and 4 only

• d. 1 and 2 only