Home
Subjects
Expert solutions
Create
Log in
Sign up
Upgrade to remove ads
Only ₩37,125/year
- Social Science
- Sociology
- Management
-
Flashcards
-
Learn
-
Test
-
Match
-
Flashcards
-
Learn
-
Test
-
Match
Over lecture #13 and ch. 9 (p. 278 - 290) - Corporate Governance
Terms in this set (9)
The primary participants in corporate governance are all of the following EXCEPT
A.
the shareholders
B.
key stakeholders such as financial institutions
C.
management (led by the CEO)
D.
the
Board of Directors
B.
key stakeholders such as financial institutions
Agency theory is concerned with resolving two problems that can occur in agency relationships. Which of the follow is NOT one of those problems?
A.
Principals and agents have differing attitudes toward risk.
B.
Stockholders and management align with external stakeholders.
C.
Goals conflict between principals and
agents.
D.
Verification of actual agency activity is expensive and difficult to obtain.
B.
Stockholders and management align with external stakeholders.
Which of the following best describes corporate governance structure?
A.
Shareholders elect CEO and CEO selects Board of Directors.
B.
Chairman of the Board selects CEO and CEO selects management team.
C.
Shareholders elect
Board of Directors and Board of Directors select CEO and management team.
D.
Board of Directors elect CEO and CEO selects management team.
C.
Shareholders elect Board of Directors and Board of Directors select CEO and management team.
A corporation's board of directors has a duty to ensure that the company is run consistent with the long-term interests of the stockholders. Which of the following is NOT a duty of the board of directors?
A.
Determine top management compensation.
B.
Replace the CEO if necessary.
C.
Prevent a hostile takeover.
D.
Provide advice to top management.
C.
Prevent a hostile takeover.
The board of directors is a group that has a _______ duty to ensure that the company is run consistently with ________ interests of the owners, or shareholders of a corporation and that acts as an ______ between the shareholders and management.
A.
formal; short-term; advisor
B.
legal; short-term; intermediary
C.
fiduciary; long-term; intermediary
D.
sworn; long-term; advisor
C.
fiduciary; long-term; intermediary
External governance control mechanisms include all of the following EXCEPT
A.
auditors
B.
competitors
C.
analysts
D.
media
B.
competitors
It is generally argued that the takeover constraint deters management from
A.
increasing the level of borrowing of a firm
B.
declaring dividends
C.
engaging in opportunistic behavior
D.
considering acquiring other companies
C.
engaging in opportunistic behavior
The failure of many auditing firms to raise red flags about accounting irregularities in companies such as Enron and WorldCom is generally attributed to all of the following factors EXCEPT
A.
desire to get future auditing contracts from the company
B.
failure of the U.S. audit firms to hire technically qualified professionals
C.
desire to get consulting work from the company because most audit firms also do consulting work
D.
fact
that auditors are appointed by the firm
B.
failure of the U.S. audit firms to hire technically qualified professionals
The Sarbanes Oxley Act imposes restrictions and reporting requirements on all of the following corporate governance parties EXCEPT
A.
CEOs
B.
auditors
C.
shareholders
D.
CFOs
C.
shareholders
Audit Theory and Practice Chapter 2
55 terms
krystal_renee
HMGT 2100 Chapter 2
120 terms
KerriAnn_98
Chapter 1 Introduction to Management
20 terms
deanna_horton-etten
Principles of Mgmt - Chapter 1
45 terms
lindsay_everhart9
Sets found in the same folderMGT 487 Quiz 11
11 terms
mya_mueller6
Strategic Management Final
81 terms
Garrett_Jaegers9
MKT 487 quizzes 1-5 Mueller
54 terms
mason92498
487 Quizzes
40 terms
KatieB315
Other sets by this creatorMGT 487 Quiz 10
13 terms
mya_mueller6
ITC 660 Quiz 5 - Access Controls
20 terms
mya_mueller6
ITC 660 Quiz 4 - Drivers of the Information Securi…
20 terms
mya_mueller6
ITC 660 Quiz 3 - Malicious Attacks, Threats, and V…
20 terms
mya_mueller6
Recommended textbook solutionsHuman Resource Management
15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine
249 solutions
Information Technology Project Management: Providing Measurable Organizational Value
5th EditionJack T. Marchewka
346 solutions
Information Technology Project Management: Providing Measurable Organizational Value
5th EditionJack T. Marchewka
346 solutions
Operations Management: Sustainability and Supply Chain Management
12th EditionBarry Render, Chuck Munson, Jay Heizer
1,698 solutions
Other Quizlet setsTest 2
31 terms
lydz_xPLUS
rev
12 terms
jasmea2549
Developmental Psychology
65 terms
milly858
Test #5: Emotional and Social
155 terms
BrinkmanS
Related questionsQUESTION
a set of repeatable, value-adding activities performed by an organization to purposely achieve a business goal, or a product or service, the customer is willing to pay for
5 answers
QUESTION
New data collection, analysis, and information management tools that are helping sales managers to respond to the domestic and global mega-trends affecting the operation of their sales organizations include
2 answers
QUESTION
The sequence of all activities that are performed by a firm to turn raw materials into the finished product that is sold to a buyer.
7 answers
QUESTION
What is the purpose of a preincident plan?
6 answers