STR 581 Week One
1.For the past 28 years, ABC, Inc. has made a significant investment of time, money, and other resources to increase the literacy rate in adult Americans. This represents which of these principles of successful collaborative social initiatives?
Leverage core capabilities.
Weigh government influence.
Assemble and value the total package of benefits.
Identify a long-term durable mission.
2.This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
Company creed
Company sponsor
Company slogan
Company commercial
3.A major consequence of the Sarbanes-Oxley Act of 2002 has been
the super growth in accounting firms in the U.S.
political fallout in congress
outsourcing of jobs in lower wage countries
reorganizing of the governance structure of American corporations
4. Which of the following strategic decision makers implement the overall strategy?
Functional managers
Business managers
Board of directors
Corporate managers
5.The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called
corporate services
corporate social responsibility
corporate audit
going green
6.Which level of strategy uses a portfolio approach?
Corporate
Business
Functional
Operational
7.The most critical quality of ethical decision making is
Consistency
Expeditions
Objectivity
Economics
8.Judging the appropriateness of a particular action based on equity, fairness, and impartiality inthe distribution of rewards and costs among individuals and groups is what ethics approach used by managers?
Business ethics approach
Social justice approach
Utilitarian approach
Moral rights approach
9. Judging the appropriateness of a particular action based on a goal to provide the greatest goodfor the greatest number of people is what ethics approach?
Moral rights approach
Utilitarian approach
Business ethics approach
Social justice approach
10.The behavioral consequences of strategic management are similar to those of
authoritative decision making
autocratic decision making
centralized decision making
participative decision making
11.Of the three levels of strategy that are part of an organizations decision-making hierarchy, which level develops annual objectives and short-term strategies in such areas as production, operations, and research and development, finance and accounting, marketing, and human relations?
Management
Business
Functional
Corporate
12.Which of these is true about Sarbanes-Oxley Act of 2002?
The act requires that the audit committee must be composed entirely of inside officers.
The directors and executive officers are required to trade the company's 401(k) plan, profits haring plan and retirement plan during the blackout period
Companies are required to extend personal loans to executives and directors.
The CEO and CFO must verify every report containing the company's financial statements.
13. A broadly framed but enduring statement of a firm’s intent is defined as the company
Slogan
Mission
Vision
Credo
14.The strategic decision makers in the firm are responsible for
Rewards
the firm’s accounting practices
daily operations
the firm’s mission
15.Which law revised and strengthened auditing and account standards?
Truth in Lending Act of 1968
Sarbanes-Oxley Act of 2002
Federal Fair Trade Act of 1986
National Environmental Policy Act of 1969
16. According to stakeholder theory, in a survey of over 2000 directors from over 290 U.S. companies, which of these stakeholders was perceived to be least important?
Government
Society
Stockholders
Employees
17. What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?
Continuous improvement
Process
Strategic control
Long-term objective
18.This statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future.
Values statement
Company statement
Mission statement
Vision statement
1.For the past 28 years, ABC, Inc. has made a significant investment of time, money, and other resources to increase the literacy rate in adult Americans. This represents which of these principles of successful collaborative social initiatives?
Leverage core capabilities.
Weigh government influence.
Assemble and value the total package of benefits.
Identify a long-term durable mission.
2.This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
Company creed
Company sponsor
Company slogan
Company commercial
3.A major consequence of the Sarbanes-Oxley Act of 2002 has been
the super growth in accounting firms in the U.S.
political fallout in congress
outsourcing of jobs in lower wage countries
reorganizing of the governance structure of American corporations
4. Which of the following strategic decision makers implement the overall strategy?
Functional managers
Business managers
Board of directors
Corporate managers
5.The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called
corporate services
corporate social responsibility
corporate audit
going green
6.Which level of strategy uses a portfolio approach?
Corporate
Business
Functional
Operational
7.The most critical quality of ethical decision making is
Consistency
Expeditions
Objectivity
Economics
8.Judging the appropriateness of a particular action based on equity, fairness, and impartiality inthe distribution of rewards and costs among individuals and groups is what ethics approach used by managers?
Business ethics approach
Social justice approach
Utilitarian approach
Moral rights approach
9. Judging the appropriateness of a particular action based on a goal to provide the greatest goodfor the greatest number of people is what ethics approach?
Moral rights approach
Utilitarian approach
Business ethics approach
Social justice approach
10.The behavioral consequences of strategic management are similar to those of
authoritative decision making
autocratic decision making
centralized decision making
participative decision making
11.Of the three levels of strategy that are part of an organizations decision-making hierarchy, which level develops annual objectives and short-term strategies in such areas as production, operations, and research and development, finance and accounting, marketing, and human relations?
Management
Business
Functional
Corporate
12.Which of these is true about Sarbanes-Oxley Act of 2002?
The act requires that the audit committee must be composed entirely of inside officers.
The directors and executive officers are required to trade the company's 401(k) plan, profits haring plan and retirement plan during the blackout period
Companies are required to extend personal loans to executives and directors.
The CEO and CFO must verify every report containing the company's financial statements.
13. A broadly framed but enduring statement of a firm’s intent is defined as the company
Slogan
Mission
Vision
Credo
14.The strategic decision makers in the firm are responsible for
Rewards
the firm’s accounting practices
daily operations
the firm’s mission
15.Which law revised and strengthened auditing and account standards?
Truth in Lending Act of 1968
Sarbanes-Oxley Act of 2002
Federal Fair Trade Act of 1986
National Environmental Policy Act of 1969
16. According to stakeholder theory, in a survey of over 2000 directors from over 290 U.S. companies, which of these stakeholders was perceived to be least important?
Government
Society
Stockholders
Employees
17. What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?
Continuous improvement
Process
Strategic control
Long-term objective
18.This statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future.
Values statement
Company statement
Mission statement
Vision statement
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