STR581 - Knowledge Quiz Week 1 Essay Example
Week One Knowledge Check
Your answers: 18/18 (100%) Submitted on Sep 14, 2013, 10:37 AM
1.
A major consequence of the Sarbanes-Oxley Act of 2002 has been the
Outsourcing of jobs in lower wage countries
Political fallout in congress
Reorganizing of the governance structure of American corporations
Super growth in accounting firms in the U.S.
2.
This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
Company slogan
Company commercial
Company creed
Company sponsor
3.
The strategic decision makers in the firm are responsible for
Rewards
The firm’s mission
The firm’s accounting practices
Daily operations
4.
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?
Employees
Stockholders
Government
Society
5.
This statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future.
Mission statement
Company statement
Vision statement
Values statement
6.
Which law revised and strengthened auditing and account standards?
National Environmental Policy Act of 1969
Sarbanes-Oxley Act of 2002
Federal Fair Trade Act of 1986
Truth in Lending Act of 1968
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?
Social justice approach
Moral rights approach
Business ethics approach
Utilitarian approach
8.
What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?
Long-term objective
Continuous improvement
Strategic control
Process
9.
The behavioral consequences of strategic management are similar to those of
Autocratic decision making
Centralized decision making
Authoritative decision
Your answers: 18/18 (100%) Submitted on Sep 14, 2013, 10:37 AM
1.
A major consequence of the Sarbanes-Oxley Act of 2002 has been the
Outsourcing of jobs in lower wage countries
Political fallout in congress
Reorganizing of the governance structure of American corporations
Super growth in accounting firms in the U.S.
2.
This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
Company slogan
Company commercial
Company creed
Company sponsor
3.
The strategic decision makers in the firm are responsible for
Rewards
The firm’s mission
The firm’s accounting practices
Daily operations
4.
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?
Employees
Stockholders
Government
Society
5.
This statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future.
Mission statement
Company statement
Vision statement
Values statement
6.
Which law revised and strengthened auditing and account standards?
National Environmental Policy Act of 1969
Sarbanes-Oxley Act of 2002
Federal Fair Trade Act of 1986
Truth in Lending Act of 1968
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?
Social justice approach
Moral rights approach
Business ethics approach
Utilitarian approach
8.
What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?
Long-term objective
Continuous improvement
Strategic control
Process
9.
The behavioral consequences of strategic management are similar to those of
Autocratic decision making
Centralized decision making
Authoritative decision