题目

Which of the following is a feature of poor corporate governance?

A

Domination of the board by a single individual

B

Critical questioning of senior managers by external auditors

C

Supervision of staff in key roles

D

Lack of focus on short-term profitability

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Chapter7Corporategovernanceandsocialresponsibility

Rationale: This is a feature of poor corporate governance because it makes way for self-interested decision-making. The

others may 'look' like negatives, but are in fact the opposites of three other features of poor corporate governance: lack of

independent scrutiny; lack of supervision; and an emphasis on short-term profitability (which can cause pressure to conceal

problems or manipulate accounts).Ways in: You could have got to the answer with logic, with a sound grasp of corporate

governance - but it would be worth learning the list of features of poor corporate governance, so you can recognise them in

an exam question.

多做几道

Monetary policy is a government economic policy relating to:

1 Interest rates

2 Taxation

3 Public borrowing and spending

4 Exchange rates

Which of the above are correct?

A

1 and 4

B

 2 and 3

C

2 and 4

D

3 and 4

Which of the following organisations might benefit from a period of high price inflation?

A

An organisation which has a large number of long-term payables

B

An exporter of goods to a country with relatively low inflation

C

A large retailer with a high level of inventory on display and low rate of inventory turnover

Which of the following are the goals of macroeconomic policy?

1 Encouraging economic growth

2 Low unemployment

3 Achievement of a balance between exports and imports

4 Achieving zero inflation

A

1 and 2

B

2 and 3 

C

2, 3 and 4

D

1, 2 and 3

Which of the following is an example of cyclical unemployment?

A

The entry of school leavers into the labour pool each year

B

Lay-offs among agricultural labourers in winter

C

Automation of ticketing services in tourism

D

Recession in the building industry

A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this statement?

A

Current

B

Capital

C

Financial

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