ITPEC FE Morning April 2023 Question 76
ITPEC FE Morning April 2023 — Question 76 of 80
Corporate Governance — identify the concept of supervising business transparency.
The question describes a system that monitors a company's activities regarding who benefits from the business, how top management is structured, and whether the organization can self-improve. This is corporate governance — a framework ensuring companies are run transparently and in stakeholders' interests.
Why not others:
- (a) Core competence — a company's unique strengths that provide competitive advantage (e.g., proprietary technology)
- (c) Corporate identity — the visual and conceptual image of a company (logo, brand, mission statement)
- (d) Stakeholder analysis — the process of identifying and assessing the influence of interested parties on a project
Key rule: If the question mentions transparency, supervision of management, and accountability → it's corporate governance.
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