Quiz 1

Topics: Management, Strategic management, Corporate governance Pages: 6 (655 words) Published: June 9, 2014
1
The most critical quality of ethical decision making is
o
objectivity
o
economics
o
expeditions
o
consistency
Correct
2
A major consequence of the Sarbanes-Oxley Act of 2002 has been the o
political fallout in congress
o
super growth in accounting firms in the U.S.
o
reorganizing of the governance structure of American corporations o
outsourcing of jobs in lower wage countries
Correct
3
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? o
Social justice approach
o
Moral rights approach
o
Business ethics approach
o
Utilitarian approach
Correct
4
The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called o
corporate audit
o
going green
o
corporate services
o
corporate social responsibility
Correct
5
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? o

Functional
o
Business
o
Management
o
Corporate
Correct
6
Which level of strategy uses a portfolio approach?
o
Business
o
Functional
o
Corporate
o
Operational
Correct
7
This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm. o
Company sponsor
o
Company slogan
o
Company commercial
o
Company creed
Correct
8
Which law revised and strengthened auditing and account standards? o
National Environmental Policy Act of 1969
o
Sarbanes-Oxley Act of 2002
o
Federal Fair Trade Act of 1986
o
Truth in Lending Act of 1968
Correct
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? o

Leverage core capabilities.
o
Identify a long-term durable mission.
o
Weigh government influence.
o
Assemble and value the total package of benefits.
Incorrect
10
This statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future. o
Values statement
o
Company statement
o
Vision statement
o
Mission statement
Correct
11
Which of the following strategic decision makers implement the overall strategy? o
Corporate managers
o
Functional managers
o
Business managers
o
Board of directors
Correct
12
The behavioral consequences of strategic management are similar to those of o
authoritative decision making
o
participative decision making
o
autocratic decision making
o
centralized decision making
Correct
13
The strategic decision makers in the firm are responsible for o
the firm’s mission
o
daily operations
o
rewards
o
the firm’s accounting practices
Correct
14
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? o

Utilitarian approach
o
Social justice approach
o
Moral rights approach
o
Business ethics approach
Correct
15
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? o
Government
o
Society
o
Employees
o
Stockholders
Correct
16
Which of these is true about Sarbanes-Oxley Act of 2002?
o
Companies are required to extend personal loans to executives and directors. o
The CEO and CFO must verify every report...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay about Online Quiz System Case Study
  • Fb2400, Online Quiz, Cityu of Hk Essay
  • Quiz chapter 4 Essay
  • benetton images 1 Essay
  • APUSH Chapter 1 Cornell Notes Essay
  • MKT 571 Quizzes week 1 6 Essay
  • Quiz Show Essay
  • The IPIP-NEO Personality Quiz Essay

Become a StudyMode Member

Sign Up - It's Free