The agency problem refers to which of the following situations?
A. Shareholders acting in their own short-term interests rather than the long-term interests of the company
B. A vocal minority of shareholders expecting the directors to act as their agents and pay substantial dividends
Companies reliant upon substantial government contracts such that they are effectively agents of the government
D. The directors acting in their own interests rather than the shareholders’ interests
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To encourage Executive Directors to operate in the best interests of the shareholders, they could?
A. be given a high basic salary
B. receive share options based on both individual and company’s performance
C. be entitled to large payment upon resignation or termination
D. be asked to attend AGMs
Corporate Social Responsibility refers to the idea that a company should?
A. play an active part in the social life of the local neighborhood
B. be sensitive to the needs of all stakeholders
C. be alert to the social needs of all employees
D. act responsibly in relation to shareholders’ overall needs – not just their financial needs
Modern view on Corporate Social Responsibility is:
A. it is a way to further a company’s business and attract additional shareholders
B. it is necessary to reduce product liability claims
C. a company must give part of its profit to charity
D. social responsibility is incompatible with the objective of maximizing shareholder’s wealth
Which one of the following is not an aim of internal controls?
A. To enable the organization to respond appropriately to business, operational and financial risks
B. To eliminate the possibility of impacts from poor judgement and human error
C. To help ensure the quality of internal and external reporting
D. To help ensure compliance with applicable laws and regulations
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