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Question
Board members are permitted to act in a way that is inconsistent with the central goals of the organization.
Answer
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Related questions
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Which of the following is an internal mechanism that seeks to ensure ethical corporate governance?
a. European Union 8th Directive
b. The Sarbanes-Oxley Act
c. The COSO framework
d. European Union 7th directive
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Briefly describe the reasons supporting the practice of sustainability within businesses.
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a. Underreporting income
b. Falsifying account documents
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According to Kevin Bahr, which of the following is a cause for conflicts in the financial markets?
a. The independence and lack of expertise of audit committees
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c. Long-term executive greed versus short-term shareholder wealth
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Which of the following is true of Federal Sentencing Guidelines for boards?
a. The board must be knowledgeable about the objectives and process of the ethics program rather than simply the mere contents of a training session.
b. The board should avoid exercising reasonable oversight with respect to the effectiveness and implementation of the ethics program.
c. The board should leave the evaluation of all board policies, procedures, governance structure, and position descriptions to the executives.
d. The board need not work with executives to analyze the incentives for ethical behavior.
Q:
Which of the following legal duties of board members suggests that a director does not need to be an expert or actually run the company?
a. Duty of care
b. Duty of good faith
c. Duty of candor
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Q:
Which of the following is true of the COSO controls and the Sarbanes-Oxley requirements?
a. They result in less transparency in ensuring ethical corporate governance.
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c. They result in a lesser emphasis to prevent any financial misconduct.
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COSO is one of the first efforts to address corporate culture in a quasi-regulatory framework in recognition of its significant impact on the satisfaction of organizational objectives.
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A large boost in share price decreases a firms equity leverage for external expansion.
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Financial analysts rely on gatekeepers but are not gatekeepers themselves.
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Before environmental legislation was enacted, the primary legal avenue open for addressing environmental concerns was _____ law.
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In economic terms, all resources are _____, that is, they can be replaced by substitutes, and in this sense resources are infinite.
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Which of the following is true of a service-based economy?
a. A service-based economy tends to the consumers demand for clothes cleaning, floor covering, illumination, entertainment, and so forth.
b. A service-based economy interprets consumer demand as a demand for washing machines, carpets, lights, consumer electronics, and so forth.
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Which of the following is true of the sustainability model in terms of environmental responsibilities?
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c. Sustainability is a good risk management strategy.
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The model of economy, in consistency with the second law of thermodynamics, implies that:
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a. first
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Discuss the philanthropic model of CSR.
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Philosophers distinguish between three different types of responsibilities, on a scale from more to less demanding or binding. Explain these responsibilities.