Financial Planning II 2.01

People or entities who have a financial interest in a business or can be monetarily affected by the decisions of a business are referred to as:

• mediation experts

• inquisitive agents

• stakeholders

• consultants

Mechanisms put in place to make sure corporate governance will be effective are referred to as:

• rules

• transparency

• risk mitigation

• checks and balances

The policies and procedures used by the board of directors or owner to manage a corporation are known as:

• corporate bylaws

• corporate welfare

• corporate takeover

• corporate governance

Vic's Vinyl Flooring creates its own corporate policies and procedures and controls all levels of the business. This helps it to avoid disasters before they occur and is known as:

• corporate bylaws

• corporate welfare

• corporate takeover

• corporate governance

Accepting bribes create a conflict of interest between the person receiving bribe and their organization. This conflict would result in unethical practices.

• Coercion

• Bribery

• Insider Trading

• Conflict of Interest

Private interests are important for employees which are against the desire of employer

• Conflict of Interest

• Coercion

• Political donations and gifts

• Insider trading

Misuse of official position. Here the employee leaks out certain confidential data to outsiders or other insiders which effect the reputation and performance of company

• Coercion

• Bribery

• Insider Trading

• corporate governance

Forcing a person to do things which are against his personal believes

• Bribery

• Coercion

• corporate takeover

• Insider Trading

Sometimes business undertakes various unethical and unconstitutional activities to maximize its profits

• Bribery

• Political donations and gifts

• Profit by Illegal Means

• Insider Trading