STR 581 Week 1 Practice Quiz

·  1

Which level of strategy uses a portfolio approach?

Correct

·  2

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?

Correct

·  3

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

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·  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? 

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Correct

·  5

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

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Correct

·  6

Which law revised and strengthened auditing and account standards?

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Correct

·  7

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

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Correct

·  8

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

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Correct

·  9

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?

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Correct

·  10

The behavioral consequences of strategic management are similar to those of

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Correct

·  11

The most critical quality of ethical decision making is 

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Correct

·  12

The strategic decision makers in the firm are responsible for

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Correct

·  13

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

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Correct

·  14

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?

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Incorrect

·  15

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

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Correct

·  16

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

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Correct

·  17

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?

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Correct

·  18

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

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