1.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?
- Utilitarian approach
- Moral rights approach
- Business ethics approach
- Social justice approach
2The behavioral consequences of strategic management are similar to those of
- authoritative decision making
- centralized decision making
- autocratic decision making
- participative decision making
3The most critical quality of ethical decision making is
- economics
- expeditions
- objectivity
- consistency
4According 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?
- Stockholders
- Employees
- Government
- Society
5Judging 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?
- Moral rights approach
- Business ethics approach
- Utilitarian approach
- Social justice approach
6Of 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
- Business
- Management
- Functional
7Which of the following strategic decision makers implement the overall strategy?
- Business managers
- Board of directors
- Corporate managers
- Functional managers
8This statement presents the firm's strategic intent that focuses the energies and resources of the company on achieving a desirable future.
- Values statement
- Vision statement
- Company statement
- Mission statement
9The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called
- going green
- corporate services
- corporate audit
- corporate social responsibility
10What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?
- Long-term objective
- Strategic control
- Continuous improvement
- Process
11Which of these is true about Sarbanes-Oxley Act of 2002?
- 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 directors and executive officers are required to trade the company's 401(k) plan, profit sharing plan and retirement plan during the blackout period
- The act requires that the audit committee must be composed entirely of inside officers.
12This statement of a company's philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
- Company commercial
- Company slogan
- Company sponsor
- Company creed
13A major consequence of the Sarbanes-Oxley Act of 2002 has been the
- political fallout in congress
- reorganizing of the governance structure of American corporations
- outsourcing of jobs in lower wage countries
- super growth in accounting firms in the U.S.
14The strategic decision makers in the firm are responsible for
- rewards
- daily operations
- the firm's accounting practices
- the firm's mission
15For 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.
- Identify a long-term durable mission.
- Assemble and value the total package of benefits.
16Which law revised and strengthened auditing and account standards?
- National Environmental Policy Act of 1969
- Truth in Lending Act of 1968
- Sarbanes-Oxley Act of 2002
- Federal Fair Trade Act of 1986
17Which level of strategy uses a portfolio approach?
- Operational
- Corporate
- Functional
- Business
18A broadly framed but enduring statement of a firm's intent is defined as the company
- credo
- slogan
- vision
- mission