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