Exam 3: Creating an Ethical Organization Environment and Effective Corporate Governance Systems

What is a cause of agency problems?

What is meant by corporate governance? Describe the elements of a governance system and how it can help to enhance financial reporting.

An Internet Company has a chance to expand its business into a developing country. This chance would make money for its shareholders, as it would be the first Internet Company allowed in the country. However, the conditions demanded by the country is that the Internet Company must turn over to the government the history of Internet sites visited by its citizens. Additionally the Internet Company must also censor Internet sites requested through the search engine. In the United States and other countries, the Internet Company would not monitor, censor, or turn over a history of Internet sites to any government. What should the Internet Company do? Use ethical theories and ethical decision making model to back up your decision.

Section 302 of the Sarbanes-Oxley Act requires that management:

In the Parable of Sadhu case, Bowen T. MCoy's friend Steve summed up the dilemma by saying:

The primary ethical concern when contemplating whistleblowing as an accountant is:

In the Bhopal case, in evaluating its exposure to possible future liability due to technology failures, Union Carbide used which of the following concepts:

What are the most important values to include in a corporate code of ethics or credo and why are these important values?

The fiduciary duty of the board of directors includes all of the following except for:

The Agency Theory can best be described as:

Financial statement fraud includes all but:

An important issue in the HP case with "event hostess" Jodie Fisher is:

The ethical dissonance model looks at the ethical fit of the organizational and individual values. The optimal fit for an individual with high individual ethics would be:

The IRS whistleblowing Case deals with

The 2011 National Business Ethics Survey indicates each of the following with respect to how employees view the ethics and ethical practices of organizations they work for except for:

Compare and contrast the agency and stakeholder theories of corporate governance from the perspective of those involved in and affected by managerial decision making.

The Act that enables a whistleblower to receive compensation for blowing the whistle if the claims are deemed to be valid and the individual is not precluded from receiving such an award is:

A troubling result of the 2011 National Business Ethics Survey is:

A strong and effective system of internal controls can help to create an ethical corporate culture. Explain how the internal control system can enhance ethical decision making.

A major allegation in the XTO Energy case was the: