Question 1

Within corporate social responsibility,_____ essentially reflects the notion of a business voluntarily giving back to society.

Accepted Answer

A)  social networking 
B)  corporate citizenship 
C)  corporate governance 
D)  social bookmarking 
A)  social networking 
B)  corporate citizenship 
C)  corporate governance 
D)  social bookmarking

Question 2

Through _____,a firm puts its guiding policy into practice by employing a set of coherent actions.

Accepted Answer

A)  strategy control 
B)  strategy implementation 
C)  strategy formulation 
D)  strategy analysis 
A)  strategy control 
B)  strategy implementation 
C)  strategy formulation 
D)  strategy analysis

Question 3

Which of the following statements accurately describes corporate social responsibility (CSR)?

Accepted Answer

A)  CSR promotes the view that companies should single-mindedly focus on shareholders alone. 
B)  CSR is limited to the notion of encouraging businesses to "just be nice" to society. 
C)  CSR provides a conceptual model that more completely describes a society's expectations. 
D)  CSR is based on the tenet that the needs of both internal and external stakeholders are the same. 
A)  CSR promotes the view that companies should single-mindedly focus on shareholders alone. 
B)  CSR is limited to the notion of encouraging businesses to "just be nice" to society. 
C)  CSR provides a conceptual model that more completely describes a society's expectations. 
D)  CSR is based on the tenet that the needs of both internal and external stakeholders are the same.

Question 4

Paying taxes to local government authorities from the annual revenues generated by a firm represents the firm's _____ responsibilities.

Accepted Answer

A)  philanthropic 
B)  economic 
C)  psychographic 
D)  political 
A)  philanthropic 
B)  economic 
C)  psychographic 
D)  political

Question 5

An effective strategist _____ the formulated strategy through structure,culture,and controls.

Accepted Answer

A)  implements 
B)  analyzes 
C)  formulates 
D)  questions 
A)  implements 
B)  analyzes 
C)  formulates 
D)  questions

Question 6

When the strong dictatorial rule in Backenstein unexpectedly collapsed due to the shocking death of the royal family in an explosion,the nation's economy experienced drastic changes.The laws became more restrictive,the country lost many locally produced resources and products,and the distribution of wealth became inequitable.The unexpected event that led to these changes can best be described as a(n)_____ event.

Accepted Answer

A)  extinction 
B)  wild card 
C)  black swan 
D)  miracle 
A)  extinction 
B)  wild card 
C)  black swan 
D)  miracle

Question 7

In the final step of the stakeholder impact analysis,a firm

Accepted Answer

A)  identifies its stakeholders' interests and claims. 
B)  differentiates its internal stakeholders from its external stakeholders. 
C)  recognizes the opportunities and threats stakeholders present. 
D)  decides a course of action to address the stakeholders' concerns. 
A)  identifies its stakeholders' interests and claims. 
B)  differentiates its internal stakeholders from its external stakeholders. 
C)  recognizes the opportunities and threats stakeholders present. 
D)  decides a course of action to address the stakeholders' concerns.

Question 8

Which of the following forces tends to be more important in determining a firm's performance?

Accepted Answer

A)  the underlying economic structure 
B)  the entry barriers in the industry 
C)  the actions of managers within the firm 
D)  the number and size of other firms in the industry 
A)  the underlying economic structure 
B)  the entry barriers in the industry 
C)  the actions of managers within the firm 
D)  the number and size of other firms in the industry

Question 9

Which of the following is typically an economic responsibility of a firm?

Accepted Answer

A)  sourcing raw materials from highly developed countries 
B)  paying adequate returns to the firm's stockholders on the capital invested by them 
C)  donating resources, in terms of money and time, toward community development 
D)  helping a nation increase its import of goods and services 
A)  sourcing raw materials from highly developed countries 
B)  paying adequate returns to the firm's stockholders on the capital invested by them 
C)  donating resources, in terms of money and time, toward community development 
D)  helping a nation increase its import of goods and services

Question 10

FindFor Inc.is an e-commerce retail firm that sells a variety of merchandise online.Through services like cash on delivery,easy return,and online tracking,the company has created more customer value than its competitors (brick-and-mortar businesses)at the same price.Also,the company's costs are substantially low due to minimal investment in operation and administration.In this scenario,FindFor Inc.has most likely been able to provide superior value and cost control through

Accepted Answer

A)  strategic parity. 
B)  strategic profiling. 
C)  strategic liquidation. 
D)  strategic positioning. 
A)  strategic parity. 
B)  strategic profiling. 
C)  strategic liquidation. 
D)  strategic positioning.

Within corporate social responsibility,_____ essentially reflects the notion of a business voluntarily giving back to society.

Through _____,a firm puts its guiding policy into practice by employing a set of coherent actions.

Which of the following statements accurately describes corporate social responsibility (CSR)?

Paying taxes to local government authorities from the annual revenues generated by a firm represents the firm's _____ responsibilities.

An effective strategist _____ the formulated strategy through structure,culture,and controls.

In the final step of the stakeholder impact analysis,a firm

Which of the following forces tends to be more important in determining a firm's performance?

Which of the following is typically an economic responsibility of a firm?

Strategic Leadership: Managing the Strategy Process

External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

Internal Analysis: Resources, Capabilities, and Core Competencies

Competitive Advantage, Firm Performance, and Business Models

Business Strategy: Differentiation, Cost Leadership, and Blue Oceans

Business Strategy: Innovation and Entrepreneurship

Corporate Strategy: Vertical Integration and Diversification

Corporate Strategy: Strategic Alliances, Mergers and Acquisitions

Global Strategy: Competing Around the World

Organizational Design: Structure, Culture, and Control

Corporate Governance and Business Ethics

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Exam 1: What Is Strategy

Within corporate social responsibility,_____ essentially reflects the notion of a business voluntarily giving back to society.

Through _____,a firm puts its guiding policy into practice by employing a set of coherent actions.

Which of the following statements accurately describes corporate social responsibility (CSR)?

Paying taxes to local government authorities from the annual revenues generated by a firm represents the firm's _____ responsibilities.

An effective strategist _____ the formulated strategy through structure,culture,and controls.

In the final step of the stakeholder impact analysis,a firm

Which of the following forces tends to be more important in determining a firm's performance?

Which of the following is typically an economic responsibility of a firm?

Strategic Leadership: Managing the Strategy Process

External Analysis: Industry Structure, Competitive Forces, and Strategic Groups

Internal Analysis: Resources, Capabilities, and Core Competencies

Competitive Advantage, Firm Performance, and Business Models

Business Strategy: Differentiation, Cost Leadership, and Blue Oceans

Business Strategy: Innovation and Entrepreneurship

Corporate Strategy: Vertical Integration and Diversification

Corporate Strategy: Strategic Alliances, Mergers and Acquisitions

Global Strategy: Competing Around the World

Organizational Design: Structure, Culture, and Control

Corporate Governance and Business Ethics

Filters