Looking for help with an assignment? Connect with an assignment Expert Now!

Agency problem in corporate governance

Agency problem in corporate governance. 1. What is legal is not necessarily ethical and what is ethical is not necessarily legal.

True

False

2. The agency problem in corporate governance is about how to get managers’ interests well aligned with the shareholders’ interests.

True

False

3. According to utilitarianism, _____.

results, not rules, are emphasized

ethical action arises from doing one’s duty

duties are defined by rational thought

emphasis is on what is the fair way to distribute goods among a group of people

people give up certain rights to government in exchange for security

4. Which of the following is true according to Aristotle and the Virtue theory?

Aristotle believed that as all activity was aimed at some goal or perceived good, no ranking was required among those goals or goods.

Aristotle rejected wealth, pleasure, and fame as the distinguishing feature of humans as opposed to other species.

Happiness is living according to passive use of reason.

The emphasis on virtue theory has gradually been reducing while more attention is being given to the utilitarian and deontological approaches to ethics.

Happiness cannot be associated with reason.

5. The manager’s fiduciary duty refers to _____.

the duty of managers to maximize returns to employees

the legally prescribed duties which make their employment possible

the moral duty managers have to act as responsible agents to the owners

managers resisting hostile takeover bids

managers managing by number

6. _____ helps companies embrace the idea that profit and prosperity must go hand in hand with social justice and environmental stewardship.

Social contract

Stakeholder theory

Conscious capitalism

Virtue ethics

Deontology

7. It is possible to become someone’s partner without intending to or even realizing that partnership has been created.

True

False

8. Partnership is limited to a direct association between human beings.

True

False

9. A _____ is the association of two or more people carrying on a business as co-owners for profit.

limited liability company

trust

partnership

proprietorship

agency relationship

10. The concept of a business firm as a legal person, with existence and accountability separate from its owners stems from _____.

entity theory

aggregate theory

concession theory

conduit theory

appropriation theory

11. The Uniform Partnership Act and the Revised Uniform Partnership Act do not dictate what relations among partners must be.

True

False

12. The Revised Uniform Partnership Act (RUPA), generally, requires the judgment creditor to exhaust the partnership’s assets before going after the separate assets of a partner.

True

False

13. For tortuous acts, the partners are said to be jointly and severally liable under both Uniform Partnership Act (UPA) and Revised Uniform Partnership Act (RUPA), and the plaintiff may separately sue one or more partners.

True

False

14. _____ is the highest duty of good faith and trust, imposed on partners as to each other and the firm.

Embezzlement duty

Larceny duty

Escrow duty

Escheat duty

Fiduciary duty

15. A court order that directs a partnership to pay a partner’s judgment creditor the distribution that the partner would normally receive is called _____.

doctrine of estoppel

order of relief

proof of claim

performance bond

charging order

16. Sub-S corporations, limited liability partnerships, and limited liability limited partnerships are all entities.

True

False

17. The partnership law imposed personal liability on the partners because people tend to be more careful when they are personally liable for their own mistakes and bad judgment.

True

False

18. The original source of limited partnership law is the _____ that was drafted in 1916.

Uniform Limited Partnership Act (ULPA)

Revised Uniform Limited Partnership Act

National Conference of Commissioners on Uniform Laws

Companies Act

Limited Liability Partnership Act

19. It is required that the limited liability company (LLC) members file a _____ with the secretary of the state during its creation.

certificate of stare decisis

certificate of organization

certificate of ultra vires

certificate of derivative action

certificate of parens patriae

Agency problem in corporate governance

Get a Quick Quote

Approximately 250 words
Total price (USD) $: 10.99

Pressed for time on your upcoming paper? We can help!

Bored with homework

Reviews from Clients who Ordered from Our Website

Client: 3425

Ive submitted over 30 assignments from this website and gotten an average of 3.8 G.P.A.

Client: 2516

Juggling school with family and work has always been hectic but this website made it easy to do my studies and work while raising my 3 year old girl.

Client: 3516

Great customer service and quality work delivered on time!

Client: 2718

Client: 7384

Client: 8291

Client: 162

Client: 827

They delivered a professional and well written Resume for me. Reccommend

Why Us?

Privacy

Your personal and payment details are safe with us. Our website uses secure encryption for all orders. We guarantee not to share your details with any third parties.

Flexible Pricing

We offer great discounts and flexible pricing tailored to your needs. Additionally, we provide offers for orders above 30 pages and returning customer.

Originality

Our Professional Team of Writers have great experience and writing techniques to provide you with Quality Non-plagiarized work.

Customer Support

Our Customer Support and Professional Team of Writers are always available to help you anytime. Our Team  of writers are also available to take care of your writing needs 24/7 Live Chat is available 24/7 

How it Works

Step1: Provide Instructions

 

Provide detailed instructions including deadline for your paper and any additional information

Step 2: Pay & Assign Writer

 

Complete payment through our safe checkout and wait for your order to be assigned to suitable writer

Final Step: Download & Review

 

Download & Review your paper. You may request revision if anything is not satisfactory and rate the writer.