CTION B: TRUE /FALSE QUESTIONS. [10 MARKS] Answer ALL questions. Each question carries ONE (1) mark State whether each of the following statements is TRUE or FALSE. 1. Under Aristotle's value ethics, Arte translates to a character whereas ethos usually translates to a virtue. 2. Risk tolerance is about the pursuit of risk while risk appetite is about what you can allow the organization to deal with. 3. A secondary stakeholder is a person who has a formal and contractual relationship that exists with an organization. Whereas, a primary stakeholder has no contractual relationship with an organisation. 4. Disclosure refers to the obligation of a firm to provide material, market-influencing information by following the requirements of several parties, including regulatory authorities. 5. A Code of conduct is established to assist the board in the analysis of specific subjects outside of regular board meetings. 6. Fiduciary principle requires a director to act honestly at all times and use reasonable diligence in the discharge of the duties of his or her office. 7. Information asymmetry is a theoretical framework used to describe the relationship of power and interest between a principal and an agent. 8. Operational risk is the loss occurring as a result of inadequate systems and controls; human error; or management failure while the market risk is a general term for risk of an adverse movement in market prices of shares and bonds or goods and services. 9. The stakeholder view posits that individuals give up certain rights to the government so they can be managed for the greater good of all citizens. 10. Utilitarians tend to choose to shoot a villager to save 19. while deontologists might argue "What right do I have to take another person's life?"