Whistleblowing, CSR, Risk and Corporate Ethics

A modern office setting with diverse professionals discussing corporate ethics, surrounded by symbols representing corporate social responsibility and risk management.

Whistleblowing, CSR, Risk and Corporate Ethics Quiz

Test your knowledge on essential topics related to corporate social responsibility (CSR), risk management, and ethical practices in the business world. This comprehensive quiz covers significant concepts including risk assessment, stakeholder importance, and the ethical implications of whistleblowing.

Evaluate your understanding of CSR principles.
Explore the dynamics of risk management.
Assess ethical scenarios in corporate settings.

31 Questions8 MinutesCreated by EngagingMind123

Risk management is the process of _______ risk and developing methods to mitigate and manage it.

A) eliminating

B) increasing

C) identifying

D) creating

Which one is the process of risk management according to right sequences.

A) risk identification. Risk assessment, risk planning and risk monitoring

B) risk assessment., risk identification, risk planning and risk monitoring

C) risk identification, risk planning, risk assessment and risk monitoring

D) risk assessment, risk identification, risk planning and risk monitoring.

Which of the following is not part of Caroll’s pyramid of Corporate Social Responsibility?

A) Ethical responsibility

B) Stakeholder responsibility

C) Philanthropic responsibility

D) Legal responsibility

According to Caroll’s pyramid of Corporate Social Responsibility, a firm’s _________________ is to act within the framework of laws and regulations drawn up by the government and judiciary

A) Legal responsibility

B) Economic responsibility

C) Philanthropic responsibility

D) Ethical responsibility

The following are the true statement on the important of risk management except:

A) Reduce the number of threats that materialize into problems and minimize the effects of those that do occur

B) Results in more opportunities being captured proactively and turned into positive benefits for the project.

C) Minimizes threats, maximizes opportunities and optimizes the achievement of project objectives

D) Failing to manage risk will result in more problems, higher benefits and a higher chance of project success.

A central part of the moral argument for corporate social responsibility comes from the thinking that:

A) Business have to pay taxes, so they should have to be responsible in other ways as well

B) Business leader and shareholders make money, so they should be morally responsible to society.

C) a large part of business success comes from as much as action that are congruent with societal values and norms as from factors internal to the company.

D) Society cannot afford all its needs unless business is forced to go beyond just paying taxes

Which of the following is not attribute in assessing the stakeholder’s importance?

A) Urgency

B) Legitimacy

C) Power

D) Popularity

Which of the following statements best describes risk?

A) Uncertainty when looking to the future

B) Uncertainty when looking at the past

C) Clarity in future decisions

D) Certainly of not suffering harm or loss

Which of the following is the reason of integrating sustainability in business?

A) Enhancing risk management

B) Promoting innovation and attracting new customers

C) Maintaining a license to operate

D) All of the above

All the following are the benefits of Enterprise Risk Management (ERM) except:

A) Enhanced decision making by integrating risks

B) Focus of management attention on the most significant risks.

C) Lack of senior management commitment.

D) Reduced cost of finance through effective management of risk.

What is the enlightened self-interest model of CSR?

A) That it is in an organization's best interest to consider what a shareholder would want.

B) That it is in an organization's own best interest to put itself first rather than its ethics.

C) That it is in an organization's own best interest to act in an ethical way.

D) That it is in an organization's own best interest to follow the legislation and abide by the law.

The dimension of social responsibility refers to a business's societal contribution of time, money, and other resources.

A) Ethical

B) Strategic

C) Volunteerism

D) Philanthropic

CSR and corporate governance represent a __________ between business and society.

A) Social contract

B) Special contract

C) Special climate

D) Social climate

Which of the following is an example of socially responsible behaviour by a business?

A) Ensuring employees receive health and safety training

B) Ensuring employees have access to recycling facilities

C) Ensuring the chairman and chief executive roles are not performed by the same person

D) Ensuring staff are hired based on ability regardless of age, sex, religion or any disabilities

An organization’s appropriate tone at the top promoting ethical conduct is an example of:

A) Ethical behavior.

B) Consequentialist.

C) Ethics incentives.

D) Ethics sensitivity.

CSR offers a ______ proposition for organisations to gain competitive advantage.

A) Brand

B) Value

C) Unique

D) Sales

The following are protection available to whistle blower except

A) Companies Act 2016

B) Malaysian Code of Corporate Governance

C) Capital Market and services Act

D) Whistle Blower Protection Act 2010

Which of the following are components of a well-designed whistle-blowing policy?

A) An effectively communicated statement of responsibility

B) Trained personnel to receive and investigate report

C) A clearly defined procedure for reporting

D) All of the above

Whistleblower protection under the Whistleblower Protection Act (WPA) 2010 may be revoked by the enforcement agency in this circumstances except:

A) The disclosure is made solely or substantially with the motive of avoiding dismissal or other disciplinary action

B) The whistleblower himself has participated in the improper conduct disclosed.

C) The whistleblower willfully made a true statement.

D) Questions the merits of a government policy

Which of the following should be considered when deciding whether or not to blow the whistle?

A) The company has a special committee consist of independent directors.

B) Is the situation of sufficient moral importance to justify whistle-blowing?

C) Do you have all the facts and have you properly understood their significance?

D) All of the above

The following statements regarding the ethical issues associated with insider trading are correct EXCEPT:

A) There is inherent unfairness when one party trades with superior knowledge.

B) The knowledge used by insider traders is misappropriated from the firm involved.

C) The actions of insider traders increase investor confidence in financial markets.

D) Insider trading undermines the fiduciary relationship.

Which of the following statements did not explain about the importance of ethics in business?

A) Attract customers to the firm’s product, thereby bosting sales and profit

B) Make employee leave business and increase labour turnover.

C) Make more employee wanting to work for the business, reduce recruitment cost and enable the company to get the most talented employees.

D) Attract investors and keep the company’s share price high, thereby protecting the business from takeover.

Ethics are:

A). A guide to living a good life.

B) the social influences on our lives.

C) the reasoning that guides attitudes, behaviours and action.

D) a decision making process about specific issues.

Ethical actions are best described as:

A). A set of moral, character and integrity qualities informing choice.

B). Influences on our own individual qualities and choices in physical activity.

C). Determining right from wrong.

D). A life well lived.

Which theory of corporate social responsibility says that an organization should be run with the best interests of anyone who can benefit from the organization in mind?

A) Shareholder theory

B) Normative theory

C) Stakeholder theory

D) Agency theory

Upbringing, the social settings or organizations (barrels) that individuals work in can also have either a good or a corrupting influence on their moral character

True

False

The Code of Ethics is

A) Principle and Ethical

B). Principle and Values

C) Principle and Culture

D). All of the above

Which of the following is an ethical issue most likely to be experienced by professional accountants

A) maintaining confidentiality

B) client proposals for tax evasion

C) instructions by superiors to carry out unethical acts

D). Receiving unreasonable gifts, favours and entertainment

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