题目

Calum, Heidi and Jonas are managers for Zip Co. They have been told that their salary will be based on company

performance and that a bonus scheme will also be introduced. The bonus will also be related to company performance.

Which of the following best describes the approach to governance that Zip Co is using?

A

Stewardship theory

B

Agency theory

C

Stakeholder theory

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Chapter7Corporategovernanceandsocialresponsibility

Rationale: Agency theory suggests that managers will look after the performance of the company if doing so serves their own interests: hence performance incentives and rewards. Stewardship theory views the managers as stewards of the assets of

the firm. Stakeholder theory argues that managers have a duty of care to a range of organisational shareholders.Ways in:

You could have ruled out Option C as irrelevant, and then worked on the implications of stewardship and agency

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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