Reference no: EM132308602
1. Corporate social responsibility, asks that companies "assume part of the responsibility for the basic prerequisites of individual and social life within a community."
True
False
2. If a Utilitarian were evaluating the costs and benefits of a CEO handling of a failing textile company he or she would have to take into account the fact that the CEO's sense of corporate social responsibility—e.g. his commitment to the community and its workers—attracted much national media attention that could be worth a lot on the benefit side.
True
False
3. One of the key strengths of corporate social responsibility is that average members of the public are represented in, and made aware of, the decisionmaking behind large corporate social responsibility projects.
True
False
4. Prior to the advent of stakeholder theory, stock price was the primary measure of managerial succes in American corporations.
True
False
5. Two performance objectives should be set for crafting a company’s strategy. These include financial objectives and ______________ objectives.
6. Each level of the organization should be driving towards the same higher level objectives in a language that makes sense
a. True
b. False
7. Which test helps identify a company is well matched to the industry and competitive conditions.
a. The Competitive Advantage Test
b. The Performance Test
c. The Fit Test
d. The Strategy Test
8. Helping employees, executives and shareholders understand the common direction a company is in is known as strategic vision.
a. True
b. False
9. _______________ is achieved when a company relentlessly pursues an ambitious strategic objective.
a. Strategic intent
b. Main effort
c. Financial objectives
d. Performance targets
10. Ensuring that a company’s direction, objectives and strategy are still in line with where the company intended to go is known as evaluating performance.
a. True
b. False