IBAM Actual Questions and Correct Answers
Q1
What is corporate governance?
Answer: The system of rules, practices and processes by which a company is directed.
Q2
What are ethics in business?
Answer: Involves accepted principles governing the conduct of individuals or
organisations. Business ethics is often guided by laws, preventing illegal activities
such as insider trading, discrimination, and bribery.
Q3
What is inappropriate corporate conduct?
Answer: Includes falsifying information, bribery, tolerating sweatshop conditions,
false advertising, and discriminatory marketing.
Q4
What could lead to improper ethical behaviour?
Answer: Senior leadership setting objectives and rewards for increased profits may
inadvertently encourage undesirable behaviours. Employees may overlook unethical
conduct in peers due to peer pressure or personal gain. Managers might accept lower
ethical standards in activities performed by suppliers or third-party entities, leading
to the accumulation of unchecked unethical practices.
Q5
What is CSR? (corporate social responsibility)
Answer: Operating a business to meet or exceed ethical, legal, commercial, and public
expectations. Benefits include attracting and retaining good employees,
differentiating the firm, enhancing the brand, and cost-cutting measures.
Q1
What is corporate governance?
Answer: The system of rules, practices and processes by which a company is directed.
Q2
What are ethics in business?
Answer: Involves accepted principles governing the conduct of individuals or
organisations. Business ethics is often guided by laws, preventing illegal activities
such as insider trading, discrimination, and bribery.
Q3
What is inappropriate corporate conduct?
Answer: Includes falsifying information, bribery, tolerating sweatshop conditions,
false advertising, and discriminatory marketing.
Q4
What could lead to improper ethical behaviour?
Answer: Senior leadership setting objectives and rewards for increased profits may
inadvertently encourage undesirable behaviours. Employees may overlook unethical
conduct in peers due to peer pressure or personal gain. Managers might accept lower
ethical standards in activities performed by suppliers or third-party entities, leading
to the accumulation of unchecked unethical practices.
Q5
What is CSR? (corporate social responsibility)
Answer: Operating a business to meet or exceed ethical, legal, commercial, and public
expectations. Benefits include attracting and retaining good employees,
differentiating the firm, enhancing the brand, and cost-cutting measures.
