Question 1

According to the text,the triple bottom line approach to corporate accounting includes which three components?

Accepted Answer

A)  financial, environmental, and customer 
B)  financial, organizational, and customer 
C)  financial, environmental, and social 
D)  financial, organizational, and psychological 
A)  financial, environmental, and customer 
B)  financial, organizational, and customer 
C)  financial, environmental, and social 
D)  financial, organizational, and psychological

Question 2

A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR)initiatives is

Accepted Answer

A)  suppliers. 
B)  rivals. 
C)  government agencies. 
D)  consumers. 
A)  suppliers. 
B)  rivals. 
C)  government agencies. 
D)  consumers.

Question 3

Stakeholders make various claims on a company.Their interests must be taken into account in the strategic management process.

Accepted Answer

A) True 
 B)False

Question 4

There are several perspectives of competition.One perspective is zero-sum thinking.Zero-sum thinking means that

Accepted Answer

A)  all parts of the organization gain at no loss. 
B)  in order for someone to gain others must experience no gain or benefit. 
C)  one can only gain at the expense of someone else. 
D)  everyone in the organization shares gains and losses equally. 
A)  all parts of the organization gain at no loss. 
B)  in order for someone to gain others must experience no gain or benefit. 
C)  one can only gain at the expense of someone else. 
D)  everyone in the organization shares gains and losses equally.

Question 5

According to the Corporate Citizenship poll conducted by Cone Communications,most Americans say they would be likely to switch brands to one associated with a good cause,if there are similarities between

Accepted Answer

A)  price and availability. 
B)  availability and quality. 
C)  price and quality. 
D)  price and durability. 
A)  price and availability. 
B)  availability and quality. 
C)  price and quality. 
D)  price and durability.

Question 6

The hierarchy of organizational goals is in this order (least specific to most specific):

Accepted Answer

A)  vision statements, strategic objectives, mission statements 
B)  mission statements, strategic objectives, vision statements 
C)  vision statements, mission statements, strategic objectives 
D)  mission statements, vision statements, strategic objectives 
A)  vision statements, strategic objectives, mission statements 
B)  mission statements, strategic objectives, vision statements 
C)  vision statements, mission statements, strategic objectives 
D)  mission statements, vision statements, strategic objectives

Question 7

Firms must be aware of goals other than short-term profit maximization.One area of concern should be social responsibility,which is the

Accepted Answer

A)  expectation that business will strive to improve the overall welfare of society. 
B)  idea that organizations are solely responsible to local citizens. 
C)  fact that court costs could impact the financial bottom line. 
D)  idea that businesses are responsible for maintaining a healthy social climate for their employees. 
A)  expectation that business will strive to improve the overall welfare of society. 
B)  idea that organizations are solely responsible to local citizens. 
C)  fact that court costs could impact the financial bottom line. 
D)  idea that businesses are responsible for maintaining a healthy social climate for their employees.

Question 8

To develop and mobilize people and other assets,leaders are needed throughout the organization.

Accepted Answer

A) True 
 B)False

Question 9

Corporate-level strategy addresses how firms compete and outperform their rivals as well as achieve and sustain competitive advantages.

Accepted Answer

A) True 
 B)False

Question 10

Stockholders in a company are the only individuals with an interest in the financial performance of the company.

Accepted Answer

A) True 
 B)False

Question 11

Executive leaders champion and guide ideas.

Accepted Answer

A) True 
 B)False

Question 12

As a stakeholder group,communities are interested in good citizenship behavior.

Accepted Answer

A) True 
 B)False

Question 13

Ambidexterity refers to a manager's challenge to align resources,without having to take advantage of existing product markets or to proactively explore new opportunities.

Accepted Answer

A) True 
 B)False

Question 14

The case for sustainability projects needs to be made on the basis of a more holistic and comprehensive understanding of all the _____________ benefits.

Accepted Answer

A)  measurable and unmeasurable 
B)  financial and physical 
C)  tangible and intangible 
D)  measurable and physical 
A)  measurable and unmeasurable 
B)  financial and physical 
C)  tangible and intangible 
D)  measurable and physical

Question 15

Which of the following is not an example of a financial strategic objective?

Accepted Answer

A)  Increase sales growth 6 percent to 8 percent and accelerate core net earnings growth from 13 percent to15 percent per share in each of the next 5 years. (Procter & Gamble) 
B)  Reduce volatile air emissions 15 percent by 2015 from 2010 base year, indexed to net sales. (3M) 
C)  Generate Internet-related revenue of $1.5 billion. (AutoNation) 
D)  Cut corporate overhead costs by $30 million per year. (Fortune Brands) 
A)  Increase sales growth 6 percent to 8 percent and accelerate core net earnings growth from 13 percent to15 percent per share in each of the next 5 years. (Procter & Gamble) 
B)  Reduce volatile air emissions 15 percent by 2015 from 2010 base year, indexed to net sales. (3M) 
C)  Generate Internet-related revenue of $1.5 billion. (AutoNation) 
D)  Cut corporate overhead costs by $30 million per year. (Fortune Brands)

Question 16

Partnering with governments,communities,suppliers,customers,and rivals is a way to manage conflicting stakeholder interests.

Accepted Answer

A) True 
 B)False

Question 17

Strategic objectives should be measurable,specific,appropriate,and realistic,but not constrained by time deadlines.

Accepted Answer

A) True 
 B)False

Question 18

All of the following are ambidextrous behaviors except

Accepted Answer

A)  taking initiative and being alert to opportunities beyond the job description. 
B)  being cooperative and seeking opportunities to combine personal efforts with that of others. 
C)  intensely focusing on the responsibilities of one individual and maximizing the output of the department in the organization in which that individual works. 
D)  being brokers, always looking to build internal linkages. 
A)  taking initiative and being alert to opportunities beyond the job description. 
B)  being cooperative and seeking opportunities to combine personal efforts with that of others. 
C)  intensely focusing on the responsibilities of one individual and maximizing the output of the department in the organization in which that individual works. 
D)  being brokers, always looking to build internal linkages.

Question 19

Ambidextrous behaviors in individuals illustrate how a dual capacity for _______ can be woven into the fabric of an organization at the individual level.

Accepted Answer

A)  alignment and adaptability 
B)  alignment and transparency 
C)  alignment and internal linkages 
D)  alignment and efficiency 
A)  alignment and adaptability 
B)  alignment and transparency 
C)  alignment and internal linkages 
D)  alignment and efficiency

Question 20

The ROIs on sustainability projects are often very difficult to quantify because the data necessary to calculate ROI accurately are often not available when it comes to sustainability projects.

Accepted Answer

A) True 
 B)False

According to the text,the triple bottom line approach to corporate accounting includes which three components?

A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR)initiatives is

Stakeholders make various claims on a company.Their interests must be taken into account in the strategic management process.

There are several perspectives of competition.One perspective is zero-sum thinking.Zero-sum thinking means that

According to the Corporate Citizenship poll conducted by Cone Communications,most Americans say they would be likely to switch brands to one associated with a good cause,if there are similarities between

The hierarchy of organizational goals is in this order (least specific to most specific):

Firms must be aware of goals other than short-term profit maximization.One area of concern should be social responsibility,which is the

To develop and mobilize people and other assets,leaders are needed throughout the organization.

Corporate-level strategy addresses how firms compete and outperform their rivals as well as achieve and sustain competitive advantages.

Stockholders in a company are the only individuals with an interest in the financial performance of the company.

Executive leaders champion and guide ideas.

As a stakeholder group,communities are interested in good citizenship behavior.

Ambidexterity refers to a manager's challenge to align resources,without having to take advantage of existing product markets or to proactively explore new opportunities.

The case for sustainability projects needs to be made on the basis of a more holistic and comprehensive understanding of all the _____________ benefits.

Which of the following is not an example of a financial strategic objective?

Partnering with governments,communities,suppliers,customers,and rivals is a way to manage conflicting stakeholder interests.

Strategic objectives should be measurable,specific,appropriate,and realistic,but not constrained by time deadlines.

All of the following are ambidextrous behaviors except

Ambidextrous behaviors in individuals illustrate how a dual capacity for _______ can be woven into the fabric of an organization at the individual level.

The ROIs on sustainability projects are often very difficult to quantify because the data necessary to calculate ROI accurately are often not available when it comes to sustainability projects.

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 1: Strategic Management: Creating Competitive Advantages

According to the text,the triple bottom line approach to corporate accounting includes which three components?

A key stakeholder group that is particularly susceptible to corporate social responsibility (CSR)initiatives is

Stakeholders make various claims on a company.Their interests must be taken into account in the strategic management process.

There are several perspectives of competition.One perspective is zero-sum thinking.Zero-sum thinking means that

According to the Corporate Citizenship poll conducted by Cone Communications,most Americans say they would be likely to switch brands to one associated with a good cause,if there are similarities between

The hierarchy of organizational goals is in this order (least specific to most specific):

Firms must be aware of goals other than short-term profit maximization.One area of concern should be social responsibility,which is the

To develop and mobilize people and other assets,leaders are needed throughout the organization.

Corporate-level strategy addresses how firms compete and outperform their rivals as well as achieve and sustain competitive advantages.

Stockholders in a company are the only individuals with an interest in the financial performance of the company.

Executive leaders champion and guide ideas.

As a stakeholder group,communities are interested in good citizenship behavior.

Ambidexterity refers to a manager's challenge to align resources,without having to take advantage of existing product markets or to proactively explore new opportunities.

The case for sustainability projects needs to be made on the basis of a more holistic and comprehensive understanding of all the _____________ benefits.

Which of the following is not an example of a financial strategic objective?

Partnering with governments,communities,suppliers,customers,and rivals is a way to manage conflicting stakeholder interests.

Strategic objectives should be measurable,specific,appropriate,and realistic,but not constrained by time deadlines.

All of the following are ambidextrous behaviors except

Ambidextrous behaviors in individuals illustrate how a dual capacity for _______ can be woven into the fabric of an organization at the individual level.

The ROIs on sustainability projects are often very difficult to quantify because the data necessary to calculate ROI accurately are often not available when it comes to sustainability projects.

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangible Resources

Business-Level Strategy: Creating and Sustaining Competitive Advantages

Corporate-Level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters