ACC 112 Mock exam for 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.