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Corporate Governance Quiz

Authored by Ariane Villamor

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University

Used 2+ times

Corporate Governance Quiz
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a corporation?

A business owned by a single individual

A legal entity created by shareholders

A government-controlled organization

A temporary business arrangement

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Sarbanes-Oxley Act (SOX) was enacted in response to:

Economic recessions

The financial crisis of 2008

Major corporate scandals like Enron and WorldCom

Changes in tax regulations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key provision of SOX?

Increased corporate responsibility

Stronger internal controls

Elimination of financial reporting requirements

Stricter penalties for fraud

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The OECD was established to:

Promote international economic growth and trade

Create global corporate laws

Regulate multinational corporations

Provide financial assistance to developing nations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Philippine Corporation Code was revised in:

1980

2002

2016

2019

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Philippine Code of Corporate Governance aims to ensure:

Business monopolies

Corporate secrecy

Transparency and ethical conduct

Government intervention in businesses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which government agency introduced the Philippine Code of Corporate Governance?

Department of Trade and Industry

Securities and Exchange Commission

Bangko Sentral ng Pilipinas

Bureau of Internal Revenue

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