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STR/581 STR581 WEEK 1 QUIZ

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Question;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#51694 | Written in 18-Jul-2015

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