Quiz

Test you understanding of key chapter concepts by working through this quiz. You can check your answer by clicking on the arrow to the right or on what you think the correct answer is.  The correct answer will then be revealed to you for that question. 

1. Which of the following comprises part of the nexus of institutions making up corporate governance?

  1. Criminal law
  2. Financial market regulation
  3. Wage regulation
  4. None of the above

Answer:

b. Financial market regulation

2. The debate concerning corporate governance was initiated by:

  1. Burt & Means
  2. Means & Sparks
  3. Berle & Means
  4. Bert & Means    

Answer:

c. Berle & Means

3. The debate about the nature of the corporation was initially dominated by issues of:

  1. Organization and management
  2. Ownership and control
  3. Plutocrats and proletarians
  4. All of the above

Answer:

b. Ownership and control

4. How is the problem of ownership and control usually understood?

  1. As an inability on the part of the owners to check the management of the corporation
  2. As an inability on the part of trade unions to check the management of the corporation
  3. As an inability on the part of the managers to manage the corporation
  4. All of the above

Answer:

a. As an inability on the part of the owners to check the management of the corporation

5. The dominant theory in corporate governance is _____________.

  1. RBV
  2. KBV
  3. Agency theory
  4. Marxist theory 

Answer:

c. Agency theory

6. Which of the following is an influential agenda-setting report on corporate governance?

  1. The Lindt Report
  2. The Carnegie Report
  3. The Bourneville Report
  4. The Cadbury report

Answer:

d. The Cadbury report

7. Which of the following is NOT a major model of comparative corporate governance?

  1. Shareholder capitalism
  2. Social capitalism
  3. Stakeholder capitalism
  4. State capitalism

Answer:

b. Social capitalism

8. Which country best exemplifies the shareholder capitalism model?

  1. United States
  2. Germany
  3. Japan
  4. China

Answer:

a. United States

9. Which country best exemplifies the social democratic stakeholder capitalism model?

  1. Austria
  2. Germany
  3. Japan
  4. United Kingdom

Answer:

b. Germany

What is the name usually given to the rules, values and norms through which governance occurs?

  1. Code of control
  2. Code of corporate citizenship
  3. The Koranic code
  4. Code of ethics

Answer:

d. Code of ethics