BESR 2ND SUMMATIVE TEST-ADVANCE

What is the component of accountability means that you are liable or answerable to be asked for?

• Sanction

• Answerability

• Redress

• System Improvement

What is the objective of corporate governance?

• Eliminate conflict of interest

• Personal conflict

• Professional conflict

• Avoid corruption

The system by which business corporations are directed and controlled

• Core principle

• Corporate governance

• Corporate

• Corporation

The following are Core Principles of Corporate Governance EXCEPT

• FAIRNESS

• ACCOUTABILITY

• STEWARDSHIP

• HONESTY

The quality of making judgments that are free from discrimination

• Accountability

• Transparency

• Fairness

• Stewardship

• A penalty or punishment provided as a means of enforcing obedience to the law.

• Answerability

• Redress

• Sanction

• System Improvement

Refer either to the act of setting right an unjust situation (as by some power) or to satisfaction sought or gained for a wrong suffered

• Answerability

• Sanction

• Redress

• System Improvement

Means better control, consistency, efficiency, effectiveness, and sustainability.

• System Improvement

• Accountability

• Sanction

• Redress

The openness and willingness of the company to provide clear, factual, and timely information that accurately reflects the financial situation of the company

• Answerability

• Accountability

• Transparency

• Stewardship

Stewards of the future of humanity and the earth

• Fairness

• Accountability

• Transparency

• Stewardship