Directions: Identify what is being described in each statement below. Chooseand write the best answer on your paper.1. 1. It means openness, a willingness by the company to provide clear informationto shareholders and other stakeholders.2. A. Transparency B. Fairness C. Accountability D. Responsibility3. 2. This refers to equal treatment to all shareholders, including stakeholders,employees, communities, and public officials.4. A. Fairness B. Accountability C. Responsibility D. Transparency5. 3. The core principle of good corporate governance refers to the obligation andresponsibility to give an explanation or reason for the company’s actions andconduct.6. A. Responsibility B. Transparency C. Fairness D. Accountability7. 4. It is the responsibility for overseeing the management of the business and affairsof the company.8. A. Responsibility B. Accountability C. Transparency D. Fairness9. 5. It is the system by which businesses are directed and controlled.10. A. Corporate governance B. Transparency C. Fairness D. Accountability

The best answer for the first statement is A. Transparency. This is because the statement describes a company's willingness to provide clear information to shareholders and other stakeholders, which is the definition of transparency.

The best answer for the second statement is A. Fairness. This is because the statement refers to equal treatment of all shareholders, stakeholders, employees, communities, and public officials, which is the definition of fairness.

The best answer for the third statement is D. Accountability. This is because the statement refers to the obligation and responsibility to give an explanation or reason for the company’s actions and conduct, which is the definition of accountability.

The best answer for the fourth statement is A. Responsibility. This is because the statement refers to the responsibility for overseeing the management of the business and affairs of the company, which is the definition of responsibility.

The best answer for the fifth statement is A. Corporate governance. This is because the statement refers to the system by which businesses are directed and controlled, which is the definition of corporate governance.