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UOP STR581 week 1 knowledge check quiz




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?;Hint;? A.;Government;? B.;Employees;? C.;Stockholders;? D.;Society;3.;Which law revised and strengthened auditing and account standards?;Hint;? A.;Truth in Lending Act of 1968;? B.;National Environmental Policy Act of 1969;? C.;Federal Fair Trade Act of 1986;? D.;Sarbanes-Oxley Act of 2002;4.;Which of these is true about Sarbanes-Oxley Act of 2002?;Hint;? A.;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;? B.;The act requires that the audit committee must be composed entirely of inside officers.;? C.;Companies are required to extend personal loans to executives and directors.;? D.;The CEO and CFO must verify every report containing the company's financial statements.;5.;A major consequence of the Sarbanes-Oxley Act of 2002 has been the;Hint;? A.;political fallout in congress;? B.;outsourcing of jobs in lower wage countries;? C.;super growth in accounting firms in the U.S.;? D.;reorganizing of the governance structure of American corporations;6.;The most critical quality of ethical decision making is;Hint;? A.;economics;? B.;expeditions;? C.;objectivity;? D.;consistency;7.;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?;Hint;? A.;Moral rights approach;? B.;Social justice approach;? C.;Business ethics approach;? D.;Utilitarian approach;8.;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?;Hint;? A.;Utilitarian approach;? B.;Business ethics approach;? C.;Moral rights approach;? D.;Social justice approach;9.;A broadly framed but enduring statement of a firm?s intent is defined as the company;Hint;? A.;vision;? B.;credo;? C.;slogan;? D.;mission;10.;This statement of a company?s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.;Hint;? A.;Company slogan;? B.;Company sponsor;? C.;Company commercial;? D.;Company creed;11.;This statement presents the firm?s strategic intent that focuses the energies and resources of the company on achieving a desirable future.;Hint;? A.;Mission statement;? B.;Values statement;? C.;Company statement;? D.;Vision statement;12.;The strategic decision makers in the firm are responsible for;Hint;? A.;rewards;? B.;daily operations;? C.;the firm?s accounting practices;? D.;the firm?s mission;13.;The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called;Hint;? A.;going green;? B.;corporate audit;? C.;corporate services;? D.;corporate social responsibility;Next ?;14.;Which of the following strategic decision makers implement the overall strategy?;Hint;? A.;Board of directors;? B.;Business managers;? C.;Functional managers;? D.;Corporate managers;5.;Which level of strategy uses a portfolio approach?;Hint;? A.;Business;? B.;Operational;? C.;Corporate;? D.;Functional;16.;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?;Hint;? A.;Corporate;? B.;Business;? C.;Management;? D.;Functional;17.;The behavioral consequences of strategic management are similar to those of;Hint;? A.;authoritative decision making;? B.;centralized decision making;? C.;autocratic decision making;? D.;participative decision making


Paper#29470 | Written in 18-Jul-2015

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