FP2 - Unit 2 Test Review

Which involves a set of relationships between a company’s management, its board, its shareholders, and other stakeholders?

• company culture

• corporate dynamics

• corporate governance

• corporate infrastructure

Imagine a software development team decides to adopt a more self-organized approach, reducing the direct oversight from their project manager. This shift towards self-governance is likely to result in:

• team unity.

• reduced morale.

• increased supervision.

• increased employee turnover.

Tellia works in a local boutique and has been provided a list of how the displays are set up, how clothes are folded and arranged, and how clean the boutique should be. This list is known as:

• instructions

• policies

• standards

• tasks

Imagine a newly formed non-profit organization focused on environmental conservation. What document would establish and protect the rights, and specify the duties and responsibilities of its members, board of directors, and executives?

• bylaws

• policies

• recommendations

• standards

A responsibility of a board of directors involves planning expenses vs. revenue and using these numbers to create a projected financial blueprint for the company. This activity is referred to as:

• debating

• budgeting

• asset management

• strategic marketing

Implementing a new software that tracks employee activity during work hours should lead to:

• increased supervision.

• increased productivity.

• increased ethical behavior.

• increased employee turnover.

Imagine you are a member of the board for a non-profit organization dedicated to environmental conservation. In an upcoming meeting, you will be discussing several critical strategies for the next fiscal year. The fundamental legal duty requiring you to participate actively in these discussions and to exercise your best judgment while doing so is referred to as:

• care.

• loyalty.

• reliability.

• obedience.

When a software development company wants to ensure their application meets their quality expectations, they will develop:

• instructions.

• policies.

• standards.

• tasks.

In a large corporation, the systems established to ensure that the company is run ethically and transparently are known as:

• rules

• transparency

• risk mitigation

• checks and balances

Vic’s Vinyl Flooring creates its own corporate policies and procedures and controls all levels of the business. This helps it to avoid disasters before they occur and is known as:

• corporate bylaws

• corporate welfare

• corporate takeover

• corporate governance