1. Explain (8) basic characteristics of Good Governance.
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1. Explain (8) basic characteristics of Good Governance.
2. Give actual cases of unethical practice of a Philippine company.
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- 3. Ethics refers to A)the practice of obeying applicable business laws and regulations B) the ability to recognize a morally problematic situation C) the ability to know right from wrong and to know when you're practicing one instead of .3 the other D)a series of situations in which an individual must choose between personal interest and the interest of others. 4 .5 4. What is the price at which the quantity of goods demanded, and the quantity of goods supplied are equal .6 .8 A) The going rate B) The margin rates C) The market price D) The optimum pricePlease explain right as well as wrong options (1) when rubberstamp productions, previously a small-time production house, grew in size, the first thing its cheif executive officer (CEO) did was establish a set og guildlines that detailed all priciples, standards, and procedures to be followed in the conpany's line of business. The CEO set specific standards on topics ranging from treatment of coworkers to protection of the environment to maintenance of financial records. this scenario illustrates that the CEO developed a a.) code of ethics b.) cognitive map c.) database of employee records b.) performance appraisal document (2) Rose found strong evidence that her supervisor was stealing confidential documents from the company. she immediately reported her manager's actions to the top management. Rose's action is an example of: a.) whistle-blowing b.) brainstorming c.) property deviance d.) personal aggression11. Discuss what is meant by the concept of business power and give two examples of how this power is exercised in a society. 12. Explain what is meant by “usury.” 13. Discuss the difference, if any, between ethics and business ethics. How are they similar and different from one another? 14. How many ethical principles did George Steiner and John Steiner articulate? Name at least 8 of them, and explain with examples 3 of the 8 named. 15. Explain what is meant by a “natural monopoly,” “destructive competition” and “externalities.” Give one business example of each concept.
- 3. Corporate governance is driven by various factors in the companv. How can the management and directors contribute to promote effective and good governance: Is there aspecific paradigm in implementing corporate guvernance? 4. Do the benefits of practicing corporate governance outweigh its financial costs? Explain. 5. Is compliance to government regulations a sufficient indicator of corporate governance? Explain.Situation 2 A company- Company ABC has decided to use an opaque management and holding structure to run its risky business of operating chemical production plants. The employees of the Company ABC are unaware of the true identity of the shareholders and board members of the Company ABC. These employees are also under tremendous pressure to perform and in the recent pandemic were forced to attend office mandatorily so that ethanol which is used in the manufacture of hand sanitisers is continuously produced. Unfortunately, a few days ago there was a major accident in one of the plants of Company ABC which was operating at more than full capacity due to instructions from the board of Company ABC. This was followed a few days later by an outbreak of Covid-19 in one of the manufacturing plants. Question 4: Discuss the management style and holding structure of Company ABC from a corporate governance perspective. Identify the improvements which could be made and how the Company ABC would…Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. a.What type of people do you think he employed? b.What challenges do you think the new MD will face? c.What should the new MD do? d.As as staff of the company, what will you feel or think? e.What type of leader is the new MD?
- Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. 1.What should the new MD do? 2.As as staff of the company, what will you feel or think? 3.What type of leader is the new MD?3. how important code of corporate governance in doing business in the Philippines? 5 sentences 4. in your own word differentiate good governance and management? 5 setencesAlthough Z corporation has a comprehensive ethics program, numerous employees were charged with financial fraud. If Z corporation is convicted of the crime and sentenced under the Federal Sentencing Guidelines, it can expect--