Reference no: EM13808146

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