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Good Governance > Good Governance Quiz 1 (Part 1) > Flashcards

Good Governance Quiz 1 (Part 1) Flashcards

1
Q

One Owner

A

Sole Proprietorship

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2
Q

Two or more owner

A

Partnership

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3
Q

the shareholders are the owners

A

Corporation

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4
Q

is a legal entity created by an individual or group of shareholders who have ownership of the “____________” to engage in business activity

A

Corporation

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5
Q

Monks and Minow (2011) defines (BLANK) as structure established by law to allow different parties to contribute to capital, expertise and labor or the maximum benefit.(government creates rules and regulation that allows business to become a corporation)

A

Corporation

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6
Q

The ownership of (Blank) is generally represented by their holding of common stock (one share = one vote). certain type of shares can have more voting rights or dividend priority, as expressed in the company by laws.

A

Corporation

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7
Q

not all (Blank) though are formed with the objective of profit-making, such as charitable institutions, non-profit or non-governmental organization (NGOs)

A

Corporation

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8
Q

The Corporation is the most popular form of business Organization because of four appealing attributes (?)

A
  1. Limited Liability
  2. Transferability of ownership
  3. Legal Personality
  4. Centralized Management
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9
Q

According to the 2019 Revised Corporation code (RCC) ?

A

a company can start with just one person but cant have more than 20 people involved. each person starting the company must own at least one share of stock

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10
Q

a (Blank) can exist forever instead of just 50 years. also there’s no need to have a certain amount of money invested upfront, and incorporators dont have yo live in a specific place, which makes it easier to follow global standards

A

Corporation

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11
Q

As individuals, we can contribute by staying informed about issues, participating in discussions, and holding leaders and companies accountable for their actions. We can support organizations and initiatives that promote social responsibility and good governance. By being responsible citizens, we can help create a better society for everyone.

A

.

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12
Q

is a manifestation of good corporate governance, it is the responsibility of companies to act and behave ethically to satisfy their various stakeholders needs

A

Corporate Social Responsibility

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13
Q

is a way for companies to show they’re governed well. it means companies should act in ethical ways to meet the needs of everyone involved, like employees, customer and the community.

A

Corporate Social Responsibility

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14
Q

Examples of CSR

A
  1. Protecting the Environment: Companies can use eco-friendly practices like recycling or reducing pollution.
  2. Supporting Communities: They can help local areas by donating money or volunteering.
  3. Treating Workers Fairly: Ensuring employees have good pay, safe workplaces, and fair treatment.
  4. Giving Back: Companies can donate to charities or help out during disasters.
    Being Honest and Open: Sharing information about how they work and what they do.
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15
Q

Corporate Social Responsibility (4)

A
  1. Economic Responsibility
  2. Legal Responsibility
  3. Ethical Responsibility
  4. Discretionary Responsibility
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16
Q

Be Profitable

A

Economic responsibility

17
Q

Obey the Law

A

Legal Responsibility

18
Q

Do what is right

A

Ethical Responsibility

19
Q

Contribute to the community. be a good citizen

A

Discretionary Responsibility

20
Q

Drivers:

A
  1. Regulation
  2. Market Behavior
  3. Social Activism
  4. Culture
  5. Strategy
21
Q

corporations have to follow rules set by laws.

A

Regulation

22
Q

it refers to how companies act in response to CSR practices, which can affect their reputations and competitiveness. when companies do well in CSR, they set standards for others, which can give them an edge in the market. so CSR has become a way for companies to stand out and do better than their competitors.

A

Market Behavior

23
Q

is when people publicly voice their concerns to companies, often through things like social media or protests. this can make companies change how they behave

A

Social Activism

24
Q

Mixture of Belief, Norms Symbol and the Heritage.

A

Culture

25
Q

is a big reason why companies do CSR. it helps strengthen relationships and creates value that helps the company in the long run.

A

Strategy

26
Q

Barriers:

A
  1. Limited Financial Resources
  2. Profit Maximization
  3. Availability of human resources
27
Q

a company needs to be profitable and take care of its own needs before it has the ability and resources to engage effectively in social responsibility.

A

Limited Financial Resources

28
Q

a company that single-mindedly focuses on operation efficiency is usually driven by “________________”

A

Profit Maximization

29
Q

no matter how good the intentions are in promoting CSR in organizations, it will need efficient mobilization through employee involvement and engagement in its program

A

Availability of Human Resources

30
Q

is an example of an integrated strategic measurement system.

A

Balance Scorecard

31
Q

Also commonly called the three Ps: people, planet, and profit is an accounting framework that describes three evaluation perspective that contributes to creating greater value for the organization.

A

TBL (triple bottom line)

32
Q

Social Variable

A

People

33
Q

Environmental Variable

A

Planet

34
Q

Economic Variable

A

Profit

35
Q

has a key role in influencing CSR. Both CSR and
“__________” are founded on concepts of service, integrity and inspiration to others. The relationship between them is mutually empowering and transforming.

A

Leadership

36
Q

must also be able to communicate their CSR stories
internally and externally effectively. These stories through internal memos, press releases, social media and others contribute to companies reputation.

A

Leader

37
Q

In a study by Ng and Rivera (2018), the Filipino concept of “_____________” is considered to be an essential component of effective leadership.

A

Kapwa

Good Governance (12 decks)

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