Management and Administration Governance Quiz

What is governance according to the International Standard on Social Responsibility guidance (ISO 26000)?

• A system by which an organisation promotes employee satisfaction

• A system by which an organisation ensures financial stability

• A system by which an organisation makes and implements decisions in pursuit of its objectives

• A system by which an organisation maximizes profits

What are the values and principles of governance according to ISO 26000?

• Profit maximization, Cost reduction, Employee satisfaction, Market dominance

• Competition, Deception, Exploitation, Discrimination

• Accountability, Transparency, Ethical behavior, Respect for human rights

• Risk-taking, Secrecy, Unethical behavior, Disregard for human rights

What is the main responsibility of the board of directors in corporate governance?

• Oversight of the company

• Employee recruitment

• Customer service management

• Marketing strategy development

What is the role of non-profit governance board of trustees in terms of financial requirements?

• Ensure long-term direction of the organisation

• Allocate budgets and monitor financial activity

• Follow all policies as established

• Set policy directions to guide actions

How can governance control risk?

• By ignoring regulatory guidelines

• By establishing levels of risk tolerance

• By setting unrealistic objectives

• By avoiding risk management activities

How does strategic governance impact on the organisation?

• It only influences the performance of the organisation

• It affects the development and functions of the organisation

• It encourages unethical behavior for future developments

• It has no influence on the development and functions of the organisation

What is the main impact of public sector governance?

• It promotes unfair resource allocation

• It has no impact on resource allocation

• It encourages unethical behavior

• It ensures efficient and fair resource allocation

What is the role of governance in risk management?

• It has no role in risk management

• It helps in identifying and mitigating risks

• It increases the risks faced by the organisation

• It only deals with financial risks

How does governance contribute to the financial stability of an organisation?

• By ensuring proper allocation and use of resources

• By ignoring financial risks

• By focusing only on profit maximization

• By avoiding financial planning and control

How does governance contribute to the ethical behavior of an organisation?

• By promoting a culture of honesty and integrity

• By ignoring unethical practices

• By focusing only on profit maximization

• By encouraging exploitation and deception