Which of the following is a source of supra-national legal authority?
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1 .In a publicly traded company, the shareholders rely on the independent auditors to verify financial statements prepared by management. This reduces ____________.Which phrase best completes the sentence:
A monitoring costs B stakeholder dissatisfaction C the agency problem D shareholder conflict
2 .The bank and shareholders are part of which group of stakeholders?
A External B Internal C Unrecognised D Connected
3 .Which of the following best describes the activities of a company lobbyist?
A Attempts to influence legislation on behalf of a company B Attempts to influence a company’s objectives C Searches for specialist employees on behalf of a company D Takes direct action against the activities of a company
4 .The tax authority of a city has little interest in the affairs of a chain of car dealerships except that they pay their taxes. However, if the company’s taxes are incorrectly paid or paid late the authority can charge high penalties.According to Mendelow, what should the car dealership do?
A Keep the tax authorities satisfied B Treat the tax authorities as key players C Keep the tax authorities informed D Put minimal effort into dealing with the tax authorities
5 .A community action group has been formed in response to a planned shopping mall in the center of the city’s historic district. The development company has hired a public relations firm to attempt to influence public opinion in their favour.Which of the following best describes the situation?
A Grassroots lobbying B Agency conflict C Lobbyist actions D Stakeholder conflict
7 .A computer company has identified that there is demand for a lower-cost laptop to be included in its product range. Which two departments would most likely be tasked with achieving this?
A Purchasing, Research and Development B Research and Development, Marketing C Marketing, Manufacturing D Purchasing, Direct service provision
8 .Which of the following best relates to data protection?
A The idea that individuals have rights if an organisation holds information about them B A company policy that requires data security (e.g. passwords on computers) C Laws that are enacted to punish hackers, identity thieves, and other cyber criminals D Software to thwart hackers (e.g. anti-virus an...
9 .When completing an application form to purchase financial services from a bank, you are requested to check/tick a box if you wish to receive details of other products sold by the bank and their associates.Which principle of data protection does this example refer to?
A Data should be processed in accordance with the rights of the individual B Data shall be adequate, relevant and not excessive C Personal data shall not be kept longer than necessary D Personal data shall be processed fairly and lawfully
