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1. Which of these is true about Sarbanes-Oxley Act of 2002?;a. The CEO and CFO must verify every report containing the company's financial statements.;b. 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;c. Companies are required to extend personal loans to executives and directors.;d. The act requires that the audit committee must be composed entirely of inside officers.;2. 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. Assemble and value the total package of benefits.;b. Weigh government influence.;c. Identify a long-term durable mission.;d. Leverage core capabilities.;3. 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?;a. Management;b. Business;c. Corporate;d. Functional;4. 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?;a. Business ethics approach;b. Utilitarian approach;c. Social justice approach;d. Moral rights approach;5. The most critical quality of ethical decision making is;a. economics;b. expeditions;c. objectivity;d. consistency;6. The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called;a. going green;b. corporate services;c. corporate audit;d. corporate social responsibility;7. The behavioral consequences of strategic management are similar to those of;a. participative decision making;b. centralized decision making;c. authoritative decision making;d. autocratic decision making;8. 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. Stockholders;b. Employees;c. Society;d. Government;9. A broadly framed but enduring statement of a firm?s intent is defined as the company;a. credo;b. slogan;c. vision;d. mission;10. Which law revised and strengthened auditing and account standards?;a. National Environmental Policy Act of 1969;b. Truth in Lending Act of 1968;c. Sarbanes-Oxley Act of 2002;d. Federal Fair Trade Act of 1986;11. Which of the following strategic decision makers implement the overall strategy?;a. Corporate managers;b. Business managers;c. Functional managers;d. Board of directors;12. What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?;a. Process;b. Long-term objective;c. Continuous improvement;d. Strategic control;13. This statement of a company?s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.;a. Company sponsor;b. Company commercial;c. Company slogan;d. Company creed;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?;a. Moral rights approach;b. Utilitarian approach;c. Business ethics approach;d. Social justice approach;15. This statement presents the firm?s strategic intent that focuses the energies and resources of the company on achieving a desirable future.;a. Company statement;b. Vision statement;c. Mission statement;d. Values statement;16. Which level of strategy uses a portfolio approach?;a. Business;b. Operational;c. Corporate;d. Functional;17. The strategic decision makers in the firm are responsible for;a. daily operations;b. the firm?s accounting practices;c. rewards;d. the firm?s mission;18. A major consequence of the Sarbanes-Oxley Act of 2002 has been the;a. reorganizing of the governance structure of American corporations;b. super growth in accounting firms in the U.S.;c. political fallout in congress;d. outsourcing of jobs in lower wage countries


Paper#17596 | Written in 18-Jul-2015

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