The ___________________________ defines corporation as ‘an artificial being created by operation of law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence.

Which of the attributes of a corporation means that it may continue to exist even in death, incapacity or insolvency of any of the member or stockholder?

Which attribute of a corporation means that it has a distinct personality, separate from its owners.

Which of the following refers to the party given the authority to implement the policies determined by the Board of Directors pertaining to the conduct of business?

Who are those considered the ultimate owners of the corporation which may either be natural or artificial persons?

Which of the following is known as a collegial body that exercises corporate powers of a corporation stipulated in the corporation code?

Which of the following statements best explains that the corporation is an artificial being?

Who among the stakeholders contribute skills, abilities and industry to the corporation with confidence that the corporation would also give them a form of security?

Which of the following is considered to be the very reason for the continued existence of a business who also takes risk in willingness to pay and/or continually pay for the services and products that the business offers?

Which of the following is NOT among the primary purposes of a corporation?

Which of the following IS NOT a right of shareholders?

Which of the following refers to a system whereby shareholders, creditors and other stakeholders of a corporation ensure that management enhances the value of the corporation as it competes in an increasingly competitive and globalized market?

It refers to the act of making the right information available to the stakeholders which corporate governance promotes.

It pertains to the acknowledgement or assumption of responsibility for decisions, actions, policies, administration, governance and implementation of plans and programs in an organization that corporate governance promotes.

According to the Agency Theory in Governance, agency costs refer to the costs ______________________________.

Which of the following is NOT among the roles of non-executive director?

Which of the following is NOT among the roles of Chief Financial Officer?

The following are external risks that the audit committee should consider EXCEPT

Which of the following contributes to information risk?

Which of the following is NOT among the effects of agency in governance?

Shareholders can attempt to overcome agency problems EXCEPT by

Shareholders are said to have a residual claim on the firm’s assets. Which of the following statements helps to explain this concept?

What is the economic responsibility of a firm to its owners?

Which of the following statements can explain why shareholders bear most of the risk in running a firm?

What is considered a complex adaptive system that generally utilizes manpower, jobs and technologies to accomplish aims and purposes?

What is the process of dividing the organizational mission into program of activities for groups or individuals according to their distinct roles in the organization?

Which type of organizational structure is depicted by departmentation of tasks and activities according to major functions of the organization which may not be adaptive to product or service diversification?

Which type of organizational structure based its departmentalization on terrestrial jurisdiction such that it is able to respond better to local or regional issues and cultural diversity or local laws but can potentially lead to regional conflicts?

Which type of organizational structure is attained by departmentalizing according to relatedness of products and services?

According to Peter Drucker, which level in an organization is concerned with the coordination and integration of work performed at the technical level?

Which type of organizational structure is appropriate for highly diversified multinational operations where departmentalization may be based on terrestrial jurisdictions or products/services, and functional departments but with major functional groupings retained at base?

According to Peter Drucker, which level in an organization is concerned with specific operations and specifically defined tasks?

According to Peter Drucker, which level in an organization is concerned with an all-encompassing intention and work of the entire organization?

Liberating the top management of routine decisions to be able to concentrate on strategic responsibilities is an advantage of ________________________________.

It is the administrative process of writing and passing laws that, to a certain extent, restrain some fundamental rights of a business.

Which of the following most appropriately states the overall impact of a planned economy?

What is the advantage of a planned economy that makes it possible for government to replace a number of businesses with a single business entity?

Which of the following is a disadvantage of planned economic activity in terms of application and prioritization of resource utilization?

Which of the following magnifies the waste of labor and materials which may have been useful for other more pressing needs of society?

Which regulations relevant to the conduct of business require that promotions should be truthful and that claims should be backed by facts?

Which regulations relevant to the conduct of business require that businesses pay workers just wages, and provide them safe working conditions?

It is reflected in the government attitudes and policies toward foreign businesses with the best intention to promote the national interest.

Which issues imply that businesses must adapt mechanisms and systems to preserve God’s creation and human habitation?

Which role of the government is to safeguard the rights and welfare of users and buyers of goods and services?

Which role of the government enables the collection of revenues to be utilized in programs and projects for the benefit of the public?

Which group represents a cluster of the community united on certain issues and expressing sentiments concerning government policies?

Which fast-growing group in the Philippines may represent the outlook and preferences of some minority or majority to impact on decision makers concerning passing policies favoring their advocacies?

Which of those six foundations of trust where ethical business practices can be built refers to the set of rules that describes what is acceptable conduct in society?

Which of the following can you consider as one of the most important institutions of governance whose job is to help ensure that firms are run efficiently by keeping public records accurate and adhering to standards of reporting for public purposes?