Project #23015 - str 581

5. The strategic decision makers in the firm are responsible for

 

 

 

  • rewards

  • the firm’s accounting practices

  • daily operations

  • the firm’s mission

     

    6

    Which level of strategy uses a portfolio approach?

 

 

 

  •  Business

  • Functional

  • Corporate

  • Operational

     

    7

    A broadly framed but enduring statement of a firm’s intent is defined as the company

 

 

 

  • slogan

  • credo

  • mission

  • vision

     

    8

    This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.

 

 

 

  • Company creed

  • Company commercial

  • Company slogan

  • Company sponsor

     

    9

    The behavioral consequences of strategic management are similar to those of

 

 

 

  • authoritative decision making

  • autocratic decision making

  • centralized decision making

  • participative decision making

     

    10

    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?

 

 

 

  • Moral rights approach

  • Social justice approach

  • Utilitarian approach

  • Business ethics approach

     

    11

    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? 

 

 

 

  • Weigh government influence.

  • Assemble and value the total package of benefits.

  • Leverage core capabilities.

  • Identify a long-term durable mission.

     

    12

    A major consequence of the Sarbanes-Oxley Act of 2002 has been the 

 

 

 

  • reorganizing of the governance structure of American corporations

  • political fallout in congress

  • super growth in accounting firms in the U.S.

  • outsourcing of jobs in lower wage countries

     

    13

    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?

 

 

 

  • Corporate

  • Functional

  • Business

  • Management

     

    14

    Which of these is true about Sarbanes-Oxley Act of 2002?

 

 

 

  • 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

  • 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.

  • The act requires that the audit committee must be composed entirely of inside officers.

     

    15

    Which law revised and strengthened auditing and account standards?

 

 

 

  • Truth in Lending Act of 1968

  • Federal Fair Trade Act of 1986

  • National Environmental Policy Act of 1969

  • Sarbanes-Oxley Act of 2002

     

    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?

 

 

 

  • Society

  • Stockholders

  • Employees

  • Government

     

    17

    The most critical quality of ethical decision making is 

 

 

 

  • objectivity

  • consistency

  • expeditions

  • economics

     

    18

    What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?

 

 

 

  • Strategic control

  • Continuous improvement

  • Long-term objective

  • Process

Subject Business
Due By (Pacific Time) 02/17/2014 06:00 pm
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