Good Governance Quiz 2 (Part 1)

Question 1

who is the father of corporate governance

Answer 1

Tricker

Question 2

he defines it as a way in which a corporation is controlled or governed.

Answer 2

Corporate Governance

Question 3

is a process that allows internal and external mechanism to ensure that the resources of a company are optimized for the benefit of stakeholder.

Answer 3

Governance

Question 4

it intends to increase the accountability of a company and to avoid disasters before they occur; therefore, “_________” is considered as a risk management

Answer 4

Corporate Governance

Question 5

is a strategic direction for all organizations because the long-term sustainability or organizational activity is dependent on the proper governance of their resources.

Answer 5

Corporate Governance

Question 6

it should apply to all forms of organizations regardless of their structure, be it private or publicly owned, profit and non-profit, cooperatives, (GOCCs), (NGOs) or just about any organized entity.

Answer 6

Corporate Governance

Question 7

it must be stated at this point that “__________” and “_________” are two different areas

Answer 7

Governance and Management

Question 8

focuses on the day to day operations of an organization.

Answer 8

Management

Question 9

“________” and “________” in management ensure that the company is running well and ideally, brings profit for its shareholders.

Answer 9

Executive and Managers

Question 10

the “_________” function is carried out by a body or group of persons (board of directions/trustees) who governs the organization, making sure that the company or entity is efficiently and effectively run by management.

Answer 10

Governance

Question 11

is defined as how an organization is operated by its human and material resources to achieve organizational success. such success may be measured by profits generated through its operations and the continued growth of its resources to produce more revenues.

Answer 11

Management

Question 12

the “_______” does not readily manifest itself in the organization structure because of its explicit definition

Answer 12

Board

Question 13

a “___________” supervises the management and provides oversight, ensuring that the company is steered in the right direction for the satisfaction of its various stakeholders without direct interference in the day-to-day operations of the company.

Answer 13

Board

Question 14

the “____________” may be viewed as an overlapping entity that provides oversight for the organization and that some executives ((e.g., CEO, president or vice president) are members of the “________”

Answer 14

The Board of directors

Question 15

Key Players in Corporate Governance

Answer 15

1. CEO
2. Chairman of the Board
3. Board of Directors
4. Shareholders
5. Stakeholders