STR 581 Week 1 Quiz
1. The strategic decision makers in the firm are
responsible for
2 .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?
3. Which level of strategy uses a portfolio approach?
4 . 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?
5. This statement presents the firmΓ’ΒΒs strategic intent
that focuses the energies and resources of the company on achieving a desirable
future.
6. 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?
7. What do strategic managers call a flow of
information through interrelated stages of analysis toward the achievement of an
aim?
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?
9. Which of the following strategic decision makers
implement the overall strategy?
10. .The idea that businesses have a duty to serve
society as well as the financial interest of stockholders is called
11. The behavioral consequences of strategic
management are similar to those of
12..The most critical quality of ethical decision
making is
13. 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?
14 .Which of these is true about Sarbanes-Oxley Act of
2002?
15 . A broadly framed but enduring statement of a
firmΓ’ΒΒs intent is defined as the company
16 . A major consequence of the Sarbanes-Oxley Act of
2002 has been the
17. This statement of a companyΓ’ΒΒs philosophy usually
appears within the mission statement and specifies basic beliefs of a firm.
18 . Which law revised and strengthened auditing and
account standards?
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