46. Effective corporate governance does all of the following except:

marks:1

Ensure corporate accountability.

Enhance the integrity and efficiency of the capital market.

Eliminate the prospect of fraud within an organization.

Enhance the reliability and quality of public financial information.

47. The directors or trustees of NPOs are typically volunteers or appointed by the sponsoring organization

marks:1

TRUE

FALSE

48. The managerial function is given to the board of directors in order to run the company and manage its resources and operations

marks:1

TRUE

FALSE

49. Tax is imposed on tax-exempt organizations for the revenue generated from engagement in a trade or business unrelated to their philanthropic purposes

marks:1

TRUE

FALSE

50. A proper evaluation process selected by the compensation committee to assess the performance of directors does not depend on the independence of the board from the CEO and corporate governance structure

marks:1

TRUE

FALSE