WPC 480 Quiz Questions With 100% Correct Answers

WPC 480 Quiz Questions With 100% Correct Answers when one party delegates decision-making responsibility to a second party for compensation it's called? - answeragency relationship Elected individuals whose primary responsibility is to act in the owners' best interest by formally monitoring and controlling the firm's top-level managers is the definition for - answerboard of directors In the united states ________ are seen as the most important stakeholders - answershareholders The three pillars of corporate governance taxonomy are - answerboard of directors, executive compensation and shareholder's rights The complex set of ideologies, symbols, and core values that are shared throughout a firm that influence how the firm conducts business - answerorganizational culture when a firm is attempting to break into an international market it easily established alliances in that foreign market and was able to successfully expand with this - answersocial capital Support from _____________________________ is crucial to successfully implementing a new organizational culture - answer-top management -CEO -middle level managers What would happen to a company without corporate governance? - answerThe company will fail because of legal issues, lack of strategic focus, and risky behavior A telecommunications company is impacted by government regulations of the wireless spectrum, cell tower locations, and internet accessibility. The company decides to hire a lobbying firm to represent its interests with the U.S. government, specifically the FCC, FTC and Congress. This is an example of a company managing which forces in the macro-environment? - answerpolitical and legal forces What is the term that is concerned with a population's size, age structure, geographic distribution, ethnic mix, and income distribution? - answerdemographic segment