
Pre Exam CICC Day 13
Authored by Exam CICC
Architecture
Professional Development

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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the best ways to mitigate against the risk of sudden loss of managers who are essential to operations
Succession planning and business interruption insurance
Corporate governance and key person insurance
Succession planning and corporate governance
Succession planning and key person insurance
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What term best describes the set of processes, customs, policies, laws and institutions that determine how a business is directed, administered or controlled?
Position overload
Corporate governance
Succession planning
Market overcapacity
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
For what business is key person insurance likely least critical?
Small business
Middle-market business
Hospital
Sole trader
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Businesses should clarify and make public the roles and responsibilities of the board and management to provide shareholders with a level of accountability. What principle of corporate governance does this address?
Interests of other stakeholders
Integrity and ethical behaviour
Disclosure and transparency
Role and responsibilities of the board
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which are the commonly accepted principles in a market-oriented corporate governance model?
I. Integrity and ethical behaviour
II. Role and responsibilities of the board
III. Disclosure and transparency
IV. Regulatory responsibility
II and III only
I, III and IV only
I, II, III and IV
I, II and III only
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which are the common levels of oversight in the corporate governance process?
I. Shareholders
II. Board of directors
III. Lenders
IV. Executive management
III and IV only
I, III and IV only
I, II and IV only
II and III only
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is a corporate governance structure intended to facilitate?
Employee and customer engagement of management
Inputs of regulators into the objectives and goals of business entities
Ability of regulators to monitor the social responsibility of management and the board of directors
Establishment of business objectives and monitoring and achievement of those objectives
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