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    Semester End Examination, May/June-2017

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    Anonymous 5RO7Xov3A4
    This document appears to be an exam for a business, government, and society course. It contains: 1) 10 multiple choice questions covering topics like the definition of business, agency problems in corporations, types of directors, and CSR. 2) A case study on the collapse of Enron in 2001 and questions about who was affected and how corporate governance could prevent such collapses. 3) Instructions for students to answer 4 out of 7 essay questions, each worth 20 marks, covering topics such as the power of business to change society, models of corporate governance, the role of stakeholders and corporations in environmental issues, regulation of business, CSR models, contract law, and types

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    Semester End Examination, May/June-2017

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    This document appears to be an exam for a business, government, and society course. It contains: 1) 10 multiple choice questions covering topics like the definition of business, agency problems in corporations, types of directors, and CSR. 2) A case study on the collapse of Enron in 2001 and questions about who was affected and how corporate governance could prevent such collapses. 3) Instructions for students to answer 4 out of 7 essay questions, each worth 20 marks, covering topics such as the power of business to change society, models of corporate governance, the role of stakeholders and corporations in environmental issues, regulation of business, CSR models, contract law, and types

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    This document appears to be an exam for a business, government, and society course. It contains: 1) 10 multiple choice questions covering topics like the definition of business, agency problems in corporations, types of directors, and CSR. 2) A case study on the collapse of Enron in 2001 and questions about who was affected and how corporate governance could prevent such collapses. 3) Instructions for students to answer 4 out of 7 essay questions, each worth 20 marks, covering topics such as the power of business to change society, models of corporate governance, the role of stakeholders and corporations in environmental issues, regulation of business, CSR models, contract law, and types

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    Semester End Examination, May/June-2017

    Uploaded by

    Anonymous 5RO7Xov3A4
    This document appears to be an exam for a business, government, and society course. It contains: 1) 10 multiple choice questions covering topics like the definition of business, agency problems in corporations, types of directors, and CSR. 2) A case study on the collapse of Enron in 2001 and questions about who was affected and how corporate governance could prevent such collapses. 3) Instructions for students to answer 4 out of 7 essay questions, each worth 20 marks, covering topics such as the power of business to change society, models of corporate governance, the role of stakeholders and corporations in environmental issues, regulation of business, CSR models, contract law, and types

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    USN 2 S D

    SDM COLLEGE OF ENGINEERING & TECHNOLOGY, DHARWAD.

    Department of Management Studies


    Semester End Examination, May/June-2017
    Sub Code : 16PMBAC203 Semester: II
    Sub Title : Business, Government & Society
    Duration : 3hrs Max Marks: 100

    Part A- (Compulsory)
    1a. Multiple Choice Question (Each question carries one mark)

    I. ………. is a broad term encompassing a range of actions and institutions.


    A. Government B. Society C. Business D. Organisation.
    II. A ……….. contract exists between the business institution and the society.
    A. Social B. Legal C. Valid D. Mutual.
    III. The agency problem is incurred due to the variance of …….. of managers and shareholders.
    A. Decisions B. Ideas C. Objectives D. Businesses.
    IV. A ………… director has not separate employment relationship with the company.
    A. Affiliated B. Executive C. Independent D. Non Executive.
    V……….. is a gesture of showing the companies concern and commitment towards society’s
    sustainability and development.

    A. CSR B. Philanthropy C. Auditing D. Reporting


    VI. According to ……… model business has no other duty than developing his business.
    A. Friedman B. Ackerman C. Carroll D. Stockholder & Stakeholder

    VII. Strategy where a firm vehemently opposes CSR activity until pressure comes from external
    sources is ………… strategy.
    A. Adversary B. Resistance C. Compliance D. Accommodation

    VIII. An agreement not enforceable by law is said to be a ………. Agreement.


    A. Voidable B. Unenforceable C. Illegal D. Void
    IX. A ………… has no possession of goods and property.
    A. Broker B. Factor C. Del credere D. Commission agent.
    X. An attorney is an ……….. agent.
    A. Commercial B. Special C. General D. Non Commercial

    1b. Case study: The Collapse of Enron


    On December 2, 2001, Enron Corporation filed for bankruptcy. The company’s sudden collapse one of
    the largest business failures in the history came as a shock to many. Enron was widely considered as the
    premier energy trading company in the world. At its peak in 2000 Enron employed 19,000 people and
    booked annual revenues in excess of $100 billion.
    1
    The pain caused by Enron’s abrupt failure was widely felt. The company immediately laid off 4,000
    employees with more to follow. Thousands of Enron employees and retirees saw the value of their
    401(K) retirement plans, many heavily invested in the company’s stock, become worthless almost
    overnight “We, the rank and file, got burned” said one retiree, one who lost close to $1.3 million in
    savings. Shareholders and mutual fund investors lost $70 billion in market value. Two banks –
    JPMorgan Chase and Citigroup faced major write downs on bad loans. Not only did Enron creditors,
    shareholders and bond holders lose out, confidence also fell across the market, as investors questioned
    the integrity of the financial statements of other companies in which they held stock.

    Questions:
    I. Who were the primary and secondary stake holders who got affected by the collapse of Enron? Also
    explain how they got affected. (05 Marks)

    II. To what extent good corporate governance practices are useful in preventing this kind of sudden collapse
    of business? Explain. (05 Marks)

    Part- B
    Answer any four questions, each question carries 20 marks
    2. a. Does business have the power to change the society? How? (10 Marks)
    b. Why is BG& S field important for managers? (05 Marks)
    c. Write a note on Market Capitalism Model? (05 Marks)

    3. a. Critically comment on the recommendations of the Kumar Mangalam Birla Committee, 1999.
    (10 Marks)
    b. Write about the type of directors on the board. (05 Marks)
    c. Write about the Market Model and Control Model of corporate governance. (05 Marks)

    4. a. Discuss the role of different stakeholders in raising the awareness of different institutions and
    authorities to preserve the environment. (10 Marks)
    b. Write short notes on:
    a. Role of corporations in environmental management (05 Marks)
    b. Pollution prevention. (05 Marks)
    5. a. What are the types and justification for regulation of business by the government? Explain the
    problems associated with government regulation. (10 Marks)
    b. What are the areas in which public policy is applicable? Discuss its limitation. (10 Marks)
    6. a. Write about the Ackerman model of Corporate Social Responsibility. (10 Marks)
    b. State the arguments in favour of CSR. (10 Marks)

    7. a. Define contract? Explain the essential of a valid contract. (10 Marks)


    b. Write about the different types of Mercantile or commercial agents. (10 Marks)

    ************

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