Strategic Management
Question Bank
Course Introduction
Strategic Management focuses on the formulation, implementation, and evaluation of cross-functional decisions that enable organizations to achieve their long-term objectives. The course examines the strategic planning process, environmental analysis, competitive advantage, and the alignment of organizational resources with external opportunities and threats. Students will explore key concepts such as SWOT analysis, corporate and business-level strategy, industry dynamics, and strategic leadership. Through case studies and real-world examples, learners develop analytical and decision-making skills vital for creating and sustaining competitive advantage in complex and dynamic business environments.
Recommended Textbook Business Ethics 4th Edition by Laura P. Hartman
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10 Chapters
800 Verified Questions
800 Flashcards
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Chapter 1: Ethics and Business
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/59325
Sample Questions
Q1) Individual codes of conduct based on one's value structures regarding how one should live,how one should act,what one should do,and what kind of a person should one be is sometimes referred to as _____.
A)morality
B)independence
C)leadership
D)rationality
Answer: A
Q2) Describe the two elements of ethical values.
Answer: First,ethical values serve the ends of human well-being Acts and choices that aim to promote human welfare are acts and choices based on ethical values
Second,the well-being promoted by ethical values is not a personal and selfish well-being Ethical values are those beliefs and principles that impartially promote human well-being
Q3) _____ reasoning is reasoning about what we should believe.
Answer: Theoretical
Explanation: Theoretical reasoning is reasoning about what we should believe.It is the pursuit of truth,which is the highest standard for what we should believe.
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Chapter 2: Ethical Decision Making: Personal and Professional Contexts
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Which of the following statements commits the ethical oversight known as normative myopia?
A)"I skipped the red light because I was so involved in our debate."
B)"The only reason they did not notice the pilferage happening is because it involved the theft of such small quantities of goods over a long period of time."
C)"I hope Brad has learnt his lesson after getting drunk and crashing his car."
D)"I strongly believe in the saying,'finders keepers,losers weepers.'"
Answer: D
Q2) Which of the following is the second step of the ethical decision-making process?
A)Considering available alternatives
B)Making the decision
C)Identifying the ethical issues involved
D)Considering the impact of the on stakeholders
Answer: C
Q3) Identify the means for comparing and weighing alternatives.
Answer: Consequences,justifications,matters of principles,rights or duties,and the consideration of the effects of a decision on one's own integrity and character are all means for comparing and weighing alternatives
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Chapter 3: Philosophical Ethics and Business
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Which of the following principles does utilitarianism emphasize?
A)Producing the greatest good for the greatest number
B)Acting only out of self-interest
C)Ensuring that a fair decision is an impartial decision
D)Obeying the law and keeping promises
Answer: A
Q2) _____ understandings of social justice argue that freedom from coercion by others is the most central element of social justice.
A)Anarchist
B)Egalitarian
C)Libertarian
D)Conservative
Answer: C
Q3) Which of the following is true of a market version of utilitarianism?
A)Questions of safety and risk are determined by experts.
B)Social science determines policies to maximize the overall good.
C)Individuals calculate for themselves what risks they wish to take.
D)A government regulator determines the safety standards in the marketplace.
Answer: C
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Page 5
Chapter 4: The Corporate Culture-Impact and Implications
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Improving accountability mechanisms is one of the goals of a _____ program.
Q2) If one joins a firm with a culture that supports values other than those with which one is comfortable,there will be a _____.
Q3) Which of the following is true about an integrity-based culture?
A)It reinforces a particular set of rules.
B)It reinforces a particular set of values.
C)It empowers legal bodies to monitor compliance.
D)It emphasizes rules as the primary responsibility of ethics.
Q4) If we judge a leader solely by the results produced,we are following the _____ ethical tradition.
A)deontological
B)virtual
C)Kantian
D)utilitarian
Q5) How can an ethical culture have a direct effect on the bottom line of an organization?
Q6) Explain the reasoning behind the popularity of the values-based culture.
Q7) What is a code of conduct? What is its role within an organization?
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Q8) How does a compliance-based structure work?
Q9) What is the last step in the development of guiding principles for a firm?
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Page 7
Chapter 5: Corporate Social Responsibility
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) The philanthropic perspective of the economic model holds that business has no strict obligation to contribute to social causes.
A)True
B)False
Q2) Legislators created a form of business called corporations because they thought that businesses could be more efficient in raising the capital necessary for producing goods,services,jobs,and wealth if:
A)multiple owners were involved in the strategic decision-making process of the firm.
B)there was transparency among all stakeholders.
C)firms had the obligation to justify bad decisions.
D)investors were protected from undue personal risks.
Q3) The philanthropic perspective of the economic model in which business support for a social cause is done simply because it is the right thing to do differs from the reputational version of the philanthropic model only in terms of the underlying _____.
Q4) According to the _____ model of corporate social responsibility (CSR),the social responsibility of business managers is simply to pursue profit within the law.
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Chapter 6: Ethical Decision Making: Employer
Responsibilities and Employee Rights
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) The life of one who dies in a workplace accident has _____ value that can be measured,in part,by the lost wages that would have been earned had that person lived.
Q2) Which of the following statements is true about child labor?
A)The risk that child labor will be passed on to the next generation increases because children who work are more likely to earn low wages as adults.
B)Research suggests that legalizing child labor will result in an increased number of children who work.
C)Regions with a high prevalence of child labor are characterized by low levels of childhood morbidity associated with HIV/AIDS and malaria.
D)Nation-specific studies show that high levels of child labor are associated with high literacy levels.
Q3) Comparison of the probabilities of harm involved in various activities would determine the _____.
A)acceptable level of risks
B)absolute risks
C)speculative risks
D)relative risks
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Page 9
Chapter 7: Ethical Decision Making: Technology and Privacy
in the Workplace
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Privacy is important because it serves to define one's individuality.
A)True
B)False
Q2) Identify a true statement about the Genetic Information Non-Discrimination Act (GINA)of 2008.
A)It mandates all employees to disclose their genetic information to their employers.
B)It does not include the family medical history of a person.
C)It prevents employers from monitoring their employees.
D)It prohibits discriminatory treatment in employment based on genetic information.
Q3) Monitoring allows a manager to ensure effective,productive performance by preventing the loss of productivity to inappropriate technology use.
A)True
B)False
Q4) Explain how privacy can be legally protected.Summarize the Electronic Communications Privacy Act of 1986 (ECPA).Discuss the "intrusion into seclusion" concept.
Q5) Explain the implications of giving "notice" about monitoring.
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Chapter 8: Ethics and Marketing
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/59318
Sample Questions
Q1) The utilitarian tradition in ethics would have the strongest objections to manipulation.
A)True
B)False
Q2) A behavioral psychologist is most likely to claim that advertising:
A)cannot create non-autonomous behavior in consumers.
B)cannot violate consumer autonomy by controlling consumer behavior.
C)can control consumer behavior by providing them with all the relevant information. D)can control consumer behavior by controlling their choices.
Q3) While approaching an ethical issue in marketing,the utilitarian tradition would ask to what degree the participants are respected as free and autonomous agents rather than treated simply as means to the end of making a sale.
A)True
B)False
Q4) Most courts allow a business to completely disclaim the implied warranty of merchantability.
A)True
B)False
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Chapter 9: Business and Environmental Sustainability
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Which of the following holds that a business is responsible for the entire life of its products,including the ultimate disposal even after the sale?
A)The cradle-to-grave model
B)The take-make-waste approach
C)The cradle-to-cradle model
D)The eco-efficiency principle
Q2) While the regulatory and compliance model tends to interpret environmental responsibilities as constraints upon business,the _____ model is more forward looking and may present business with greater opportunities than burdens.
Q3) An often overlooked aspect of advertising is its:
A)pricing function.
B)planning function.
C)educational function.
D)legal function.
Q4) Why was the Brundtland Commission formed?
Q5) Briefly describe the reasons supporting the practice of sustainability within businesses.
Q6) Explain Herman Daly's economic system model,also known as the sustainable model.
Q7) What is an optimal level of pollution?
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Chapter 10: Ethical Decision Making: Corporate
Governance, Accounting, and Finance
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80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/59316
Sample Questions
Q1) Risk assessment provides assessment capabilities to uncover vulnerabilities of a firm.
A)True
B)False
Q2) A board has no right to prohibit actions to protect the long-term sustainability of a firm.
A)True
B)False
Q3) Discuss how conflicts of interests can arise in a profession.
Q4) Discuss the significance of accounting.
Q5) Which of the following provisions of the Sarbanes-Oxley Act addresses the services outside the scope of auditors?
A)Section 201
B)Section 301
C)Section 404
D)Section 407
Q6) The Public Accounting Reform and Investor Protection Act of 2002 is commonly known as the _____.
Q7) Briefly discuss the conflicts of interests involved in excessive executive compensation. Page 13
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