States than an action is right if and only if it produces the greatest balance of pleasure over pain for everyone
What is utilitarianism
100
Property can generally defined as
What is a set of rights
100
The chapter we are presenting
What is chapter 13
100
Corporate governance focuses greatly on the interests of this group
What is shareholders
100
An inspection of an organization's accounting records to determine their accuracy, completeness, and reliability.
What is auditing
200
States that pleasure, and only pleasure, is ultimately good.
What is hedonism
200
G.A.A.P stands for
What is generally accepted accounting principles
200
S.O.X stands for
What is Sarbanes Oxley Act
200
Represent shareholders, reviews guidelines, and is the primary direct stakeholder influencing corporate governance
What is board of directors
200
Year that Dodd-Frank Reform and Consumer Protection Act became effective
What is 2010
300
States that corporations ought to be operated for the benefit of all those who have a stake in the enterprise.
What is the stakeholder theory
300
Has three approaches, previously established guidelines that corporation's use to run their company.
What is corporate governance
300
Professor Scott's room number for office hours
What is webb 335
300
"Pillar" that increases shareholder confidence
What is accountability
300
This act contains a number of provisions that address the problems with accounting and auditing.
(HINT: Enron and WorldCom)
What is Sarbanes Oxley Act
400
Represents an extension of the property rights and the right of contracts enjoyed by everyone.
What is the property rights theory
400
Management, as a profession, with public responsibilities.
What is subsequent development
400
What brand of shoes am I wearing
What is Steve Madden
400
Breakthrough of corporate governance came with the passing of what act in Sweden.
What is the Swedish Companies Act
400
Standards that independent public audits have to follow
What is Generally Accepted Auditing Standards (G.A.A.S)
500
Claimed that firms exist as less costly alternatives to market transactions.
What is the contractual theory
500
Consist of a code of ethics, ethics training for employees, means for communicating with employees about matters of ethics, a reporting mechanism for enabling employees to report alleged wrongdoing.
What is components of an ethics program
500
What pre-requisites are needed to take business ethics (HINT: Need to be included in final project)
What is operations, marketing, finance, accounting, and management.
500
This "pillar" is the key to promoting shareholder trust.
What is transparency
500
These 4 factors are major issues with board of directions
What is lack of attention, lack of competence, lack of independence, and conflicts of interest