1. A _________ voluntary association of people that meets their common economic, social, or cultural needs or aspirations through a jointly owned and democratically controlled business?
Answer
Correct Answer:
Cooperative
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2. The ______ belief that a corporation’s sole purpose is to provide profit for stockholders?
Answer
Correct Answer:
Shareholder primacy
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3. A______ person who attempts to use his or her rights as a shareholder of a publicly traded corporation to bring about change within or for the corporation.
Answer
Correct Answer:
Shareholder activist
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4. An owner of company stock is known as ?
Answer
Correct Answer:
Shareholder
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5. Sarbanes-Oxley Act of ____legislation that requires CEOs and CFOs to sign off on financial statements, more independent board audit committees, restrictions of audit firm consulting practices, and the creation of the Public Company Accounting Oversight Board to regulate the previously self regulated auditing profession?
Answer
Correct Answer:
2002
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6. A for-profit corporation whose shares of stock are sold on public exchanges or over-the-counter markets is known as ?
Answer
Correct Answer:
Public corporation
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7. A governance structure where only the LLC entity is illegally responsible for business liabilities or debts, the individual owners.
Answer
Correct Answer:
False
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8. The insider trading is only buying of a publicly traded company’s stock by someone who has public, material information about that stock.?
Answer
Correct Answer:
False
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9. Excessive severance packages for top executives is called ?
Answer
Correct Answer:
Golden parachutes
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10. A ________ legal obligation to act honestly and in the company’s best interest?
Answer
Correct Answer:
Fiduciary duty
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11. Employee stock ownership plans (ESOPs) is a benefit option in which all half-time employees over the age of 25 have an equity stake in the company.
Answer
Correct Answer:
False
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12. A Corporate governance system used to hold accountable businesses through monitoring the objectives and performance along with _______and shareholder relationships?
Answer
Correct Answer:
Stakeholder
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13. _________ designation provides additional value by informing the public that the company has obtained high standards for social and environmental performance established by B Lab.
Answer
Correct Answer:
Certified B Corp
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14. An exclusive organization of CEOs of major ______ companies that promotes public policy favorable to business interests is known as business roundtable ?
Answer
Correct Answer:
United state
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15. A _______for-profit company whose governing documents state it operates for a public benefit?
Answer
Correct Answer:
Benefit corporation
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