1. It is a set of processes, customs, policies, laws and institutions affecting the a corporation is directed, administered or controlled. a.

Corporate governance c. Economic Efficiency b. Accounting d. Ethics

2. This defines corporate governance as the relationship of a company to its shareholders or, more broadly, as its relationship to society. a. Philippine SEC c. Financial Times b. OECD d. J. Wolfenshon

3. This defines corporate governance as a system whereby; shareholders, creditors and other stakeholders of a corporation are assured that management enhances the value of the corporation as it competes in an increasingly global market place. a. Philippine SEC c. Financial Times b. OECD d. J. Wolfenshon

4. This defines corporate governance as a system by which business corporations are directed and controlled. a. Philippine SEC c. Financial Times b. OECD d. J. Wolfenshon

5. These are standards by which members of an organization collectively see as important. a. Common Mindset c. Characteristics Behavior b. Relationships d. Shared Values

6. This consists of a set of shared assumptions or beliefs. a. Common Mindset b. Relationships

c. Management Style d. Shared Values

7. Characteristics Behaviors cover a broad range of topics. Some key aspects include the following except: a. Management Style c. Leadership b. Relationships d. Dress

8. It expresses the principles most important to the organization and is a powerful influence to energize, guide and align everyone in a common direction. a. Mission Statements c. IBMs values b. Values-and-Beliefs Statement d. Corporate Values

9. Herman Miller Inc.s corporate values includes all of the following except; a. Innovation c. Customer Service b. Excellence d. Leadership

Extremadura, Ronald T. BSA 3-11

10. These are the principles, the standards, and the actions that people in an organization represent. a. Values c. Mission b. Scanning d. Visioning

11. It is the core purpose for which a person, team or organization is created. a. Values c. Mission b. Scanning d. Visioning

12. It is formed around a deep sense of values, missions and vision. a. Corporation c. Core Values b. Essences-driven organization d. Visionary leadership

13. According to A. DSouza, there are three major pillars for building commitment in the workplace, which of these is not included; a. Sense of belonging c. Confidence in leadership b. Sense of enthusiasm and d. Sense of cooperation excitement

14. The four qualities of leadership according to Warren Bernnis and Joan Goldsmith. a. Vision, Empathy, Consistency, Integrity b. Vision, Honesty, Integrity, Empathy c. Vision, Honesty, Consistency, Empathy d. Empathy, Consistency, Integrity, Honesty

15. A vision statement must be: a. Clear, simple and easy to communicate b. Challenging and compelling c. Both a and b d. None of the above

16. It is a rallying cry; it empowers people and makes them believe they can do it. a. Vision b. Mission c. Values d. Leadership

17. It tells the world why you and your team are making the effort to act and to succeed. a. Values-and-Beliefs Statement c. Purpose-and-mission Statement b. Mission Statement d. None of the above

Extremadura, Ronald T. BSA 3-11

18. When developing the mission statement, they must come to an agreement on their own sense of mission for the organization. a. Top-Management Team c. Lower-Management b. Middle-Management d. Front-Liners

19. When developing the mission statement, they are the key to promoting and managing the mission. a. Top-Management Team c. Lower-Management b. Middle-Management d. Front-Liners

20. When developing the mission statement, they deliver the mission. a. Top-Management Team c. Lower-Management b. Middle-Management d. Front-Liners

21. These are broad long-term strategic plans of what you want to accomplish. a. Vision c. Objectives b. Goals d. Business Plans

22. These are more technical and spell out specific time-bound activities that must be undertaken and met in order to achieve your goals. a. Vision c. Objectives b. Goals d. Business Plans

23. This is associated with words such as vision, creativity, dynamism, change, and risk-taking. It has been characterized by inspiring or charismatic managers. a. Leadership c. Administration b. Innovation d. Inspiration

24. Which of these is not a function of a proactive leader? a. Provides a vision for the organization b. Communicates the organizational vision c. Highly goal-oriented d. All of these are functions of a proactive leader

25. A shared vision: a. Attracts people to it and aligns them in the same directions b. Keeps people focused, energized and on target c. Both A and B d. Neither A or B

Extremadura, Ronald T. BSA 3-11

True or False 26. An important theme of corporate governance is to ensure the accountability of certain individuals in an organization.

27. The CEOs/CFOs are not required to issue certifications of annual and quarterly financial reports.

28. Corporate governance refers to the power-sharing arrangement between a companys shareholders, its board of directors, and its senior management.

29. The Corporate Secretary is an officer of the company and perfection in performance and no surprises are expected of him.

30. Non-cumulative voting shall be used in the election of directors.

31. All stockholders shall have pre-emptive rights.

32. For a long time, the only sensible policy for labor-management relations was confrontation because it was believed that workforce was led by radical socialistic or communistic unions.

33. Values provide an anchor when an organization or individual is buffeted by a storm of change.

34. Values must be understandable or attainable.

35. Values become the filter for distinguishing significance from worthlessness and importance from meaningless.

36. Defining the mission is the first step in the process of visioning.

37. Values represent an organizing principle for our lives, as well as for an organization.

38. Effective visionary leadership implies that the leader is able to develop a long-range vision of what his organization should become while at the same time creating a pathway of medium and short-range milestones along the way.

Extremadura, Ronald T. BSA 3-11

39. An aligned team means that energies are being dissipated in a number of directions as a result of various factors.

40. The three major pillars for building commitment in the workplace according to A. D Souza are, a sense of belonging, sense of enthusiasm and excitement and sense of cooperation.

41. A vision directs and focuses us towards the future, but it is experienced and rooted in the present.

42. A vision statement must be: clear, simple and easy to communicate, and challenging and compelling.

43. In envisioning the future, there is no need to get feedback regarding the current situation and future needs.

44. Leaders are people to whom others are drawn because they have a vision, a dream, an agenda, or a frame if reference.

45. Determining the organizations mission is the responsibility of all management levels.

46. Leaders have been characterized as inspiring or charismatic, and inspiring and charismatic managers are very common.

47. Managers focus on products while Leaders focus on process.

48. Managers focus on efficiency while Leaders focus on effectiveness.

49. A proactive leader communicates the organizational vision in such a way that it inspires others to follow and motivates them to action.

50. One of the major functions of a shared vision is to align education, upbringing, information and perceptions influence us to move in different directions.

Extremadura, Ronald T. BSA 3-11

Answers 1. A (page 162) 2. C (page 163) 3. A (page 163) 4. B (page 163) 5. D (page 196) 6. A (page 196) 7. C (page 197) 8. B (page 207) 9. C (page 206) 10. A (page 217) 11. C (page 217) 12. B (page 218) 13. D (page 251) 14. A (page 255) 15. C (page 266) 16. A (page 269) 17. C (page 275) 18. A (page 277) 19. B (page 278) 20. D (page 278) 21. B (page 280) 22. C (page 280) 23. A (page 289) 24. D (page 298) 25. C (page 304) 26. True (page 162) 27. False (page 165) 28. True (page 166) 29. True (page 180) 30. False (page 185) 31. False (page 185) 32. True (page 196) 33. True (page 198) 34. False (page 201) 35. True (page 210) 36. False (page 217) 37. True (page 229) 38. False (page 247) 39. False (page 247) 40. False (page 251) 41. True (page 265) 42. True (page 266) 43. False (page 271) 44. True (page 273) 45. False (page 283) 46. False (page 289) 47. False (page 290) 48. True (page 290) 49. True (page 298) 50. True (page 304)

Extremadura, Ronald T. BSA 3-11