EG4013 TUTORIAL WEEK 4

What does business ethics refer to?

• Earning the highest possible profit

• Obeying business laws only

• Making morally right decisions

• Avoiding paying corporate tax

The key purpose of corporate governance is to:

• Protect only investors' money

• Meet all legal regulations

• Improve trust and integrity

• Reduce the number of directors

Which of the following is NOT a governance principle?

• Responsibility

• Transparency

• Honesty

• Secrecry

Embezzlement is best defined as:

• Ignoring a business transaction

• Stealing money under one’s care

• Underreporting income on purpose

• Refusing to submit tax returns

A common sign of fraud in a company is:

• Well-documented payments

• Staff taking long holidays

• One person handling all cash

• Monthly internal audits

Whistle-blowing is the act of:

• Promoting company profits

• Reporting internal wrongdoing

• Changing company policies

• Hiding sensitive documents

Which action is considered unethical?

• Recording fake sales figures

• Following fair hiring rules

• Paying suppliers on time

• upporting clean practices

A director with good ethics must:

• Follow personal opinions

• Show fairness and honesty

• Avoid team discussions

• Promote business secrets

Who is mainly responsible for governance?

• Company drivers

• External auditors

• Board of Directors

• Office assistants

Which principle relates to justifying actions?

• Responsibility

• Fairness

• Accountability

• Objectivity