Reference no: EM13796093
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?
- A. Weigh government influence.
- B. Identify a long-term durable mission.
- C. Assemble and value the total package of benefits.
- D. Leverage core capabilities.
2. 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?
- A. Government
- B. Employees
- C. Stockholders
- D. Society
3. Which law revised and strengthened auditing and account standards?
- A. Truth in Lending Act of 1968
- B. National Environmental Policy Act of 1969
- C. Federal Fair Trade Act of 1986
- D. Sarbanes-Oxley Act of 2002
4. Which of these is true about Sarbanes-Oxley Act of 2002?
- A. The directors and executive officers are required to trade the company's 401(k) plan, profit sharing plan and retirement plan during the blackout period
- B. The act requires that the audit committee must be composed entirely of inside officers.
- C. Companies are required to extend personal loans to executives and directors.
- D. The CEO and CFO must verify every report containing the company's financial statements.
5. A major consequence of the Sarbanes-Oxley Act of 2002 has been the
- A. political fallout in congress
- B. outsourcing of jobs in lower wage countries
- C. super growth in accounting firms in the U.S.
- D. reorganizing of the governance structure of American corporations
6. The most critical quality of ethical decision making is
- A. economics
- B. expeditions
- C. objectivity
- D. consistency
7. Judging the appropriateness of a particular action based on a goal to provide the greatest good for the greatest number of people is what ethics approach?
- A. Moral rights approach
- B. Social justice approach
- C. Business ethics approach
- D. Utilitarian approach
8. Judging the appropriateness of a particular action based on equity, fairness, and impartiality in the distribution of rewards and costs among individuals and groups is what ethics approach used by managers?
- A. Utilitarian approach
- B. Business ethics approach
- C. Moral rights approach
- D. Social justice approach
9. A broadly framed but enduring statement of a firm's intent is defined as the company
- A. vision
- B. credo
- C. slogan
- D. mission
10. This statement of a company's philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
- A. Company slogan
- B. Company sponsor
- C. Company commercial
- D. Company creed
11. This statement presents the firm's strategic intent that focuses the energies and resources of the company on achieving a desirable future.
- A. Mission statement
- B. Values statement
- C. Company statement
- D. Vision statement
12. The strategic decision makers in the firm are responsible for
- A. rewards
- B. daily operations
- C. the firm's accounting practices
- D. the firm's mission
13. The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called
- A. going green
- B. corporate audit
- C. corporate services
- D. corporate social responsibility
14. Which of the following strategic decision makers implement the overall strategy?
- A. Board of directors
- B. Business managers
- C. Functional managers
- D. Corporate managers
15. Which level of strategy uses a portfolio approach?
- A. Business
- B. Operational
- C. Corporate
- D. Functional
16. 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?
- A. Corporate
- B. Business
- C. Management
- D. Functional
17. The behavioral consequences of strategic management are similar to those of
- A. authoritative decision making
- B. centralized decision making
- C. autocratic decision making
- D. participative decision making
18. What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?
- A. Strategic control
- B. Process
- C. Continuous improvement
- D. Long-term objective
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