5- Corporate governance is the internal processes companys establish to ensure o

Question

5- Corporate governance is the internal processes companys establish to ensure or improve business integrity, control, compliance and transparency in what areas?

a) Financial stability and assessment

b) Company objectives and performance

c) Management responsibility and accountability

d) Sharholder return on investment

e) All of the above.

6- The OECD released in 2004 its "Principles of Corporate Governance" as a benchmark for countries, policy makers, companies and investors" around the globe. The "Principles" are binding on all nations.

True

False

7- Human rights violations are not a deterrent to companies considering manufacturing products abroad.

True

False

8- In the EU, there are three conditions which have to be met in order for a contract to be legal. They are ,....................... , ...................... and ........................

9- The idea of a sustainable environment is at times in direct conflict with that of barrier-free trade.

True

False

10 - Corporate corruption has the potential to influence economies and government policies.

True

False

11- Which of the following WTO articles reinforces susutainable development as a guiding principle?

a)GATT Article XXI

GATT Article XX

c) GATS Article VI

Chapter 19 NAFTA

12 - Companies choose to outsource for a number of reasons. Which of the following points is not a benefit to outsourcing?

a) Focus on the company's core competencies

b) Avoid paying taxes at home

c) Access to a specific technology

Take advantage of lower wage rates

13- Under the EU Brussels Convention, electronic commerce contract disputes with consumers are to be heard by courts in the jurisdiction of the seller.

True

False

14- In electronic commerce, an e-mail response cannot be used as evidence of acceptance of an offer.

True

False

15- The UN Convention Against Corruption requires signatories to make corruption a criminal offence under their respective domestic laws.

True

False

16- Corruption is much more than ...................... making money illegally. It can ....................... and ..................... with economies and government ...........................

17- The World Bank lends money and provides ..................... to developing countries to assist those countries to finance .................. , .................. ,...................... , and other projects that will improve their economies.

18- What form of alternative dispute resolution method findings are not binding, offer no awards, and witnesses or evidence cannot be used?

Arbitration

Negotiation

Conciliation

Mediation

a) Financial stability and assessment

b) Company objectives and performance

c) Management responsibility and accountability

d) Sharholder return on investment

e) All of the above.

6- The OECD released in 2004 its "Principles of Corporate Governance" as a benchmark for countries, policy makers, companies and investors" around the globe. The "Principles" are binding on all nations.

True

False

7- Human rights violations are not a deterrent to companies considering manufacturing products abroad.

True

False

8- In the EU, there are three conditions which have to be met in order for a contract to be legal. They are ,....................... , ...................... and ........................

9- The idea of a sustainable environment is at times in direct conflict with that of barrier-free trade.

True

False

10 - Corporate corruption has the potential to influence economies and government policies.

True

False

11- Which of the following WTO articles reinforces susutainable development as a guiding principle?

a)GATT Article XXI

b)

GATT Article XX

c) GATS Article VI

d)

Chapter 19 NAFTA

12 - Companies choose to outsource for a number of reasons. Which of the following points is not a benefit to outsourcing?

a) Focus on the company's core competencies

b) Avoid paying taxes at home

c) Access to a specific technology

d)

Take advantage of lower wage rates

13- Under the EU Brussels Convention, electronic commerce contract disputes with consumers are to be heard by courts in the jurisdiction of the seller.

True

False

14- In electronic commerce, an e-mail response cannot be used as evidence of acceptance of an offer.

True

False

15- The UN Convention Against Corruption requires signatories to make corruption a criminal offence under their respective domestic laws.

True

False

16- Corruption is much more than ...................... making money illegally. It can ....................... and ..................... with economies and government ...........................

17- The World Bank lends money and provides ..................... to developing countries to assist those countries to finance .................. , .................. ,...................... , and other projects that will improve their economies.

18- What form of alternative dispute resolution method findings are not binding, offer no awards, and witnesses or evidence cannot be used?

a.

Arbitration

b.

Negotiation

c.

Conciliation

d.

Mediation

Explanation / Answer

5. e) All of the above.

6. True

7. False

9. True

10. True

11. GATT Article XX

12. c) Access to a specific technology

13. False

14. False

15. True

18. Conciliation

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