ACC 112 Mock Quiz P1

A corporation decides to hold a public forum to gather feedback on a new product line from a diverse group of consumers; which characteristic of good corporate governance does this BEST represent?

• 
  Rule of Law

• 
  Consensus Oriented

• Responsiveness

• Transparency

This means freedom of association and expression on one hand and an

organization civil society on the other hand.

Good governance requires that institutions and processes try to serve needs of all

stakeholders within the reasonable timeframe.

Which of the following scenarios BEST exemplifies transparency in corporate governance?

• A corporation publishes a detailed annual report, including financial statements and environmental impact assessments, available on its website.

• 
  A business shares general information about its new sustainability initiatives, but keeps the specifics confidential for competitive reasons.

• A company makes strategic decisions based on insider information to maximize profits.

• A company's executive team holds a closed-door meeting to decide on executive bonuses.

A company consistently fails to address employee grievances and does not update its operational procedures despite repeated complaints; which characteristic of good corporate governance is MOST clearly lacking?

• 
  Transparency

• Responsiveness

• 
  Equity & Inclusion

• 
  Accountability

refers to a process whereby elements in society wield power, authority and influence and enact

policies and decisions concerning public life and social uplift.

Good governance requires fair legal frameworks that are enforced impartially and

requires full protection of human rights.

A country enacts a new environmental policy without consulting local communities that will be directly affected by the policy; which characteristic of good governance is MOST clearly lacking?

• 
  Transparency

• 
  Responsiveness

• 
  Accountability

• Participation

A company consistently fails to meet its environmental goals due to outdated equipment and inefficient processes; which characteristic of good corporate governance is MOST directly lacking?

• 
  Transparency

• Effectiveness and Efficiency

• 
  Rule of Law

• 
  Equity and Inclusion

A company's management makes key decisions without considering the impact on the wider community or environment; which aspect of good corporate governance is MOST lacking?

• 
  Responsiveness

• 
  Equity & Inclusion

• Consensus Oriented

• 
  Accountability