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UOP STR581 week 1 knowledge check quiz




Question;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#54173 | Written in 18-Jul-2015

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