QUESTION 7

State true or false (2 marks each = 20 marks)

A) All business entities face both positive and negative risks

B) Board of Directors are entitled to monthly salaries

C) Tax evasion impacts negatively on both a firm and national economy

D) An internal auditor is appointed by management

E) The four Ps of corporate governance are People, Purpose, Process, and Performance

F) Trade unions are not stakeholders in operations of firms

G) Shareholders have a final say in company mergers

H) It is the sole responsibility of management to come up with a strategic plan

I) Stakeholders own the company

J) A Chief Executive Officer of a company presides over Annual General Meeting of a company