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STR 581 Week 1 knowledge check 100%.docx

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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

2. The most critical quality of ethical decision making is

consistency

3. What do strategic managers call a flow of information through interrelated stages of analysis

toward the achievement of an aim?

Process

4. 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

5. Which of the following strategic decision makers implement the overall strategy?

Functional managers

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

the firm’s mission

7. This statement of a company’s philosophy usually appears within the mission statement and

specifies basic beliefs of a firm.

Company Creed

8. 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?

Functional

9. 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?

Identify a long-term durable mission.

10. This statement presents the firm’s strategic intent that focuses the energies and resources of

the company on achieving a desirable future.

Vision statement

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

mission

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12. The idea that businesses have a duty to serve society as well as the financial interest of

stockholders is called

Corporate social responsibility

13. Which level of strategy uses a portfolio approach?

Corporate

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

reorganizing of the governance structure of American corporations

15. Which of these is true about Sarbanes-Oxley Act of 2002

The CEO and CFO must verify every report containing the company's financial statements.

16. The behavioral consequences of strategic management are similar to those of

participative decision making

17. 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?

Social justice approach

18. Which law revised and strengthened auditing and account standards?

Sarbanes-Oxley Act of 2002

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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 2. The most critical quality of ethical decision making is? consistency 3. What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim? Process 4. 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 5. Which of the following strategic decision makers implement the overall strategy? Functional managers 6. The strategic decision makers in the firm are responsible for the firm's mission 7. This statement of a company's philosophy usually appears within the mission statement and specifies basic beliefs of a firm. Company Creed 8. 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? Functional 9. For ...
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