For the past 28 years abc inc has made a significant

Reference no: EM13454757

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

Reference no: EM13454757

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