STR 581 Week 1 & Week 2 Knowledge check 100% SCORE

Total 36 question,, 18 in week 1 and 18 in week 2.

GIven below are the questions.

 Week 1. 

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?

2.     The most critical quality of ethical decision making is 

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

4.     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?

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

6.     The strategic decision makers in the firm are responsible for

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

8.     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?

9.     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? 

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

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

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

13.  Which level of strategy uses a portfolio approach?

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

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

16.  The behavioral consequences of strategic management are similar to those of

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?

18.  Which law revised and strengthened auditing and account standards?

Week 2 -

1.       This group is considered powerful if it is not obliged to contend with other products for sale to the industry

2.      What Human Resource component within its operating environment is a major element of a firm’s ability to satisfy its personnel needs?

3.      The environment that is typically subject to much influence by the firm is

4.      A firm’s external environment is divided into various subcategories that include

5.       This term refers to descriptive characteristics that can be used to differentiate groups of present or potential customers

6.       When managers consider the general availability of credit, the level of disposable income, and the propensity of people to spend, they are considering what factors

7.      This environment in the strategic planning process comprises factors in the competitive situation that affect a firm’s success in acquiring needed resources or in profitably marketing its goods and services.

8.      A firm’s access to needed personnel is affected primarily by four factors that include 

9.      Which of these is a determinant of entry, according to Porter?

10.  This element of employment or labor represents the workers in their negotiations with employers through the process of collective bargaining.

11.  Which threat of entry creates a barrier by forcing entrants to spend heavily to overcome customer loyalty?

12.   This is considered a collection of firms that offer similar products or services that customers perceive to be substitutable for one another

13.  Economies of scale in an industry refers to

14.  This information is used to explain or predict some aspect of customer behavior with regard to a product or service. Information such as usage rate, benefits sought, and brand loyalty can provide significant aid in the design of more accurate and profitable strategies.

15.  This termrefers to the relationships among human beings and other living things and the air, soil, and water that supports them. 

16.  This factor considers or provides creative adaptations that can suggest possibilities for new products or for improvements in existing products or in manufacturing and marketing techniques.

17.  The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to

18.  Because the quantity, quality, price, and accessibility of financial, human, and material resources are rarely ideal, assessment of suppliers and creditors is critical to an accurate evaluation of which of the firm’s external environments?