Str 581 week 1 quiz (all correct)

STR 581 week 1 Quiz All correct Judging the appropriateness of a particular action based on a goal to provide […]

STR 581 week 1 Quiz All correct
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?

[removed]Utilitarian approach
[removed]Moral rights approach
[removed]Business ethics approach
[removed]Social justice approach


The behavioral consequences of strategic management are similar to those of

[removed]authoritative decision making
[removed]centralized decision making
[removed]autocratic decision making
[removed]participative decision making


The most critical quality of ethical decision making is 



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?



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?

[removed]Moral rights approach
[removed]Business ethics approach
[removed]Utilitarian approach
[removed]Social justice approach


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?



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

[removed]Business managers
[removed]Board of directors
[removed]Corporate managers
[removed]Functional managers


This statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future.

[removed]Values statement
[removed]Vision statement
[removed]Company statement
[removed]Mission statement


The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called 

[removed]going green
[removed]corporate services
[removed]corporate audit
[removed]corporate social responsibility


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

[removed]Long-term objective
[removed]Strategic control
[removed]Continuous improvement


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

[removed]Companies are required to extend personal loans to executives and directors.
[removed]The CEO and CFO must verify every report containing the company’s financial statements.
[removed]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
[removed]The act requires that the audit committee must be composed entirely of inside officers.


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

[removed]Company commercial
[removed]Company slogan
[removed]Company sponsor
[removed]Company creed


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

[removed]political fallout in congress
[removed]reorganizing of the governance structure of American corporations
[removed]outsourcing of jobs in lower wage countries
[removed]super growth in accounting firms in the U.S.


The strategic decision makers in the firm are responsible for

[removed]daily operations
[removed]the firm’s accounting practices
[removed]the firm’s mission


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? 

[removed]Leverage core capabilities.
[removed]Weigh government influence.
[removed]Identify a long-term durable mission.
[removed]Assemble and value the total package of benefits.


Which law revised and strengthened auditing and account standards?

[removed]National Environmental Policy Act of 1969
[removed]Truth in Lending Act of 1968
[removed]Sarbanes-Oxley Act of 2002
[removed]Federal Fair Trade Act of 1986


Which level of strategy uses a portfolio approach?

[removed] Business


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




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