WorksheetsCorporate Governance Quiz
Total questions: 20
Worksheet time: 10mins
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
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
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
The OECD was established to:
Promote international economic growth and trade
Create global corporate laws
Regulate multinational corporations
Provide financial assistance to developing nations
The Philippine Corporation Code was revised in:
1980
2002
2016
2019
The Philippine Code of Corporate Governance aims to ensure:
Business monopolies
Corporate secrecy
Transparency and ethical conduct
Government intervention in businesses
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
Political issues that affect corporate governance include:
Climate change and healthcare
Employee salaries
Consumer preferences
Technological advancements
The OECD helps in global anti-corruption efforts by:
Encouraging bribery for business expansion
Establishing corporate monopolies
Developing policies to combat corruption
Reducing international trade
Which of the following is NOT a major revision in the Revised Corporation Code?
Increase in ease of doing business
Stronger shareholder protection
Elimination of corporate taxation
Updated corporate governance standards
Ethics is best defined as:
A legal requirement for businesses
A branch of philosophy concerning morality
Government rules for corporations
A business strategy to maximize profit
Business ethics is focused on:
Government regulations
The morality of business practices
Increasing corporate profits
Market competition
Which ethical theory states that the morality of an action is determined by its consequences?
Utilitarian ethics
Deontological ethics
Virtue ethics
Ethical relativism
Which ethical theory focuses on duty and universal moral principles?
Utilitarian ethics
Deontological ethics
Virtue ethics
Ethical relativism
The ethical theory that suggests morality varies across cultures is known as:
Utilitarianism
Deontological ethics
Virtue ethics
Ethical relativism
At which level of cognitive and moral development does a person act based on self-interest and rewards?
Pre-conventional level
Conventional level
Post-conventional level
Social contract level
What is moral responsibility?
A legal requirement for businesses
An obligation to act ethically
A corporate profit-making strategy
A business marketing strategy
A person can be held morally responsible for an action if:
They act on free will and are aware of their actions
They follow orders from a superior
They lack knowledge of business ethics
They are forced to act under coercion
Which HR practice contributes to building an ethical organization?
Ignoring diversity
Supporting training and development
Encouraging conflicts of interest
Reducing employee rights
The Code of Ethics in an organization:
Outlines company values and ethical principles
Describes rules for employee termination
Focuses on financial profitability
Eliminates business regulations
