Week 1 Knowledge Check
Week 1 Knowledge Check
Concepts
The Stakeholder
Approach to Social
Responsibility.
Mastery
Score: 15/18
Questions
0%
1
2
100%
3
4
5
67%
6
7
8
Company Mission
100%
9
10
11
Company Goals and
Objectives
100%
12
13
Three Levels of
Strategy â Corporate,
Business-Level,
Functional
100%
14
15
Strategic Management
Process
100%
17
18
Sarbanes-Oxley Act of
2002
Management Ethics
16
Concept: The Stakeholder Approach to Social Responsibility.
Concepts
Mastery
The Stakeholder
Approach to Social
Responsibility.
0%
Questions
1
2
1.
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?
A. Weigh government influence.
B. Identify a long-term durable mission.
C. Assemble and value the total package of benefits. D. Leverage core capabilities.
Incorrect
The correct answer is: B. Identifying a long-term mission is important because it allows companies to align themselves with a cause or issue that they, as an organization, identify with (Pearce & Robinson, 2011, p. 67â68).
2.
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?
A. Government
B. Employees
C. Stockholders
D. Society
Incorrect
The correct answer is: D. According to a survey of board of directors, society was perceived to be the least important stakeholder for an organization.
Concept: Sarbanes-Oxley Act of 2002
Concepts
Mastery
Sarbanes-Oxley Act of 2002
100%
Questions
3
4
5
3.
Which law revised and strengthened auditing and account standards? A. Truth in Lending Act of 1968
B. National Environmental Policy Act of 1969
C. Federal Fair
Concepts
The Stakeholder
Approach to Social
Responsibility.
Mastery
Score: 15/18
Questions
0%
1
2
100%
3
4
5
67%
6
7
8
Company Mission
100%
9
10
11
Company Goals and
Objectives
100%
12
13
Three Levels of
Strategy â Corporate,
Business-Level,
Functional
100%
14
15
Strategic Management
Process
100%
17
18
Sarbanes-Oxley Act of
2002
Management Ethics
16
Concept: The Stakeholder Approach to Social Responsibility.
Concepts
Mastery
The Stakeholder
Approach to Social
Responsibility.
0%
Questions
1
2
1.
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?
A. Weigh government influence.
B. Identify a long-term durable mission.
C. Assemble and value the total package of benefits. D. Leverage core capabilities.
Incorrect
The correct answer is: B. Identifying a long-term mission is important because it allows companies to align themselves with a cause or issue that they, as an organization, identify with (Pearce & Robinson, 2011, p. 67â68).
2.
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?
A. Government
B. Employees
C. Stockholders
D. Society
Incorrect
The correct answer is: D. According to a survey of board of directors, society was perceived to be the least important stakeholder for an organization.
Concept: Sarbanes-Oxley Act of 2002
Concepts
Mastery
Sarbanes-Oxley Act of 2002
100%
Questions
3
4
5
3.
Which law revised and strengthened auditing and account standards? A. Truth in Lending Act of 1968
B. National Environmental Policy Act of 1969
C. Federal Fair