Question 1

Which of the following are advantages claimed for the shareholder model of governance? Choose all that apply.

Accepted Answer

A, C, D

Question 2

Which framework has been used to give more rights to individual consumers of public services?

Accepted Answer

The Best Value framework was introduced to ensure that public services are delivered efficiently and effectively, giving more rights and power to consumers by focusing on quality and value for money.

Question 3

Which of the following is not a source of power within an organisation?

Accepted Answer

Basic technological skills are not a source of power within an organisation.

Question 4

Which of the following is not an argument in favour of corporate social responsibility?

Accepted Answer

Large organisations focusing solely on wealth creation and job provision is an argument against corporate social responsibility, as it suggests that their primary role is economic rather than social or ethical.

Question 5

Which of the following is not a key indicator of power within an organisation?

Accepted Answer

A charismatic personality is not a key indicator of power within an organisation because it is not a tangible or measurable asset.

Question 6

Which of the following is not one of the corporate social responsibility stances?

Accepted Answer

"Stakeholder-focused" is not a recognized stance in corporate social responsibility. The other options represent different approaches or stances companies might take towards CSR.

Question 7

Which of the corporate social responsibility stances involves supportive leadership, the development of systems of ensure good practice, and and interactive relationship with stakeholders?

Accepted Answer

The answer of Which of the corporate social responsibility stances...

Question 8

Which of the following are reasons why corporate governance has become an increasingly important issue for organisations? Choose all that apply.

Accepted Answer

Corporate governance has gained importance due to corporate scandals highlighting the need for better oversight (B), the growing demand for accountability to stakeholders beyond just shareholders (C), and the inherent challenges in the separation of ownership and management, which can lead to conflicts of interest (D).

Question 9

Supervisors and employees may not understand how their work contributes to the organisation's overall aims. How can organisations avoid this problem?

Accepted Answer

Creating a cascade of objectives helps align individual and team goals with the organization's overall aims, ensuring everyone understands how their work contributes to the larger mission.

Question 10

Which of the corporate social responsibility stances involves a championing leadership style, involvement of the board and the development of organisation- wide monitoring, and and proactive relationship with stakeholders?

Accepted Answer

The answer of Which of the corporate social responsibility stances...

Question 11

Which of the following is not an example of a stakeholder?

Accepted Answer

A competitor is not directly involved in the operations or outcomes of a company, unlike other stakeholders who have a vested interest.

Question 12

What is corporate social responsibility?

Accepted Answer

Corporate social responsibility (CSR) refers to the efforts made by a company to go beyond what is legally required to positively impact society, the environment, and its stakeholders.

Question 13

Which of the following is not a strength of the Anglo- Saxon governance system?

Accepted Answer

Short-termism is not a strength of the Anglo-Saxon governance system.

Question 14

Which of the following is most likely to be expressed in a quantifiable way?

Accepted Answer

Objectives are specific, measurable goals that an organization aims to achieve, making them quantifiable.

Question 15

Which of the following is not one of the major expectations influencing organisational purpose?

Accepted Answer

Government policy is an external factor that can influence an organization, but it is not typically considered a major expectation influencing organizational purpose like corporate governance, business ethics, stakeholders, and cultural context.

Question 16

In organisations where innovation and flexibility are important, managers need to be very clear about the few, over- arching objectives. What term is used for these objectives?

Accepted Answer

Simple rules are guidelines that help managers make decisions in complex and dynamic environments, focusing on innovation and flexibility.

Question 17

Where an organisation has an ethical stance that incorporates multiple stakeholder obligations:

Accepted Answer

Performance of the organisation should be measured in a much more pluralistic way than just through the bottom line.

Question 18

When identifying stakeholders you should:

Accepted Answer

Informal stakeholder groups can have significant influence and should be considered in stakeholder analysis to understand their impact and importance.

Question 19

Which of the following does stakeholder mapping not help us to understand?

Accepted Answer

Stakeholder mapping is a tool used to identify and analyze the interest and influence of stakeholders in relation to a project or organization. It helps in understanding their roles, interests, and potential impact on the strategy, but it does not directly address financial aspects such as the sources of funding for the organization.

Question 20

Which of the following important issues that affect the management of strategy are highlighted by the governance chain? Choose all that apply.

Accepted Answer

The answer of Which of the following important issues that...

Quiz 4: Governance and Stakeholders