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