BESR QUIZ 2

Which core principle is expressed when actions and decisions are impartial and unbiased?

• transparency

• fairness

• stewardship

• accountability

Which core principle entails honesty and openness in providing information to stakeholders?

• transparency

• compliance

• accountability

• fairness

What is the purpose of stewardship?

• to protect and develop the business’s resources

• to maximize the profit and improve the bottom line

• to maximize the profit and improve the bottom line

• to provide better services to customers and clients

How can organizations maximize wealth and contribute to the development of society and the economy?

• by exacting accountability

• by maximizing resources

• by demonstrating transparency

• by practicing stewardship

Which core principle is practiced when executives are answerable to the outcomes of their policies and decisions?

• stewardship

• transparency

• accountability

• fairness

Jin is an accountant at the Big Corporation and is required by Korean Law to disclose all pending company litigation (court cases) as noted in its financial statements. What core principle of business operation must Jin abide by in this specific scenario?

• fairness

• transparency

• accountability

• stewardship

Lisa is a senior manager at Pink, LLP. She oversees all associates in her area. She also recommends bonuses to the HR department based on employee performances. What principle in business operation must Lisa abide by when evaluating the performance of employees?

• fairness

• 
  stewardship

• accountability

• transparency

Mr. Tom is the CEO of Cruise Corp., a company engaged in yacht rentals around the world. One of the policies he is working on is to reduce the carbon footprint of operating the yachts and adopt an intricate sanitary guideline for each rental service. Which area of sustainability does this strategy fall on?

• planet

• principle

• people

• profit

The accounting staff of a company engaged in pharmaceuticals and healthcare supplies knew that there were manipulations and concealment made by the finance controller in the purchase price of the medicines, oxygens, and masks. He kept quiet about it. What core principles of business operations were violated in this incident?

• accountability and transparency

• fairness and transparency

• accountability and fairness

• transparency and stewardship

Lingkod Foundation is an established NGO that helps young adults and fresh senior high school graduates to fund the costs of their college education. Because of the high traffic in applications, the foundation prioritizes marginalized individuals who perform well in school (academic or non-academic) or have a high-grade rating upon graduation. Recently, only two spots were open for scholarships, and a relative of the member of the Board of Trustees graduated senior high school with an average-grade rating. He has been granted a scholarship by the foundation and left other applicants wondering why they were left out with their numerous lists of achievements. What core principle of business operation was violated?

• honesty

• fairness

• objectivity

• transparency