Course Introduction
Strategic Management Study Guide
Questions
Strategic Management explores the theories, frameworks, and practices involved in formulating, implementing, and evaluating organizational strategies to achieve long-term objectives and maintain competitive advantage. The course covers topics such as the external and internal environment analysis, business and corporate-level strategies, strategic decision-making processes, and the role of leadership and ethics in strategy. Through case studies and real-world applications, students develop analytical and critical thinking skills essential for identifying opportunities, addressing challenges, and guiding organizations toward sustainable growth in dynamic markets.
Recommended Textbook
Business Ethics Decision Making for Personal Integrity and 3rd Edition by Laura P. Hartman
Available Study Resources on Quizplus
10 Chapters
800 Verified Questions
800 Flashcards
Source URL: https://quizplus.com/study-set/2749 Page 2
Chapter 1: Ethics and Business
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54837
Sample Questions
Q1) A firm's ethical reputation can provide a competitive advantage in the marketplace with customers,suppliers,and employees.
A)True
B)False
Answer: True
Q2) According to the tradition of theoretical reason,_____ is the great arbiter of truth.
A) religion
B) perception
C) science
D) ethics
Answer: C
Q3) Norms appeal to certain values that would be promoted or attained by acting in a certain way.
A)True
B)False
Answer: True
Q4) Normative disciplines presuppose some underlying ____.
Answer: values
Explanation: Normative disciplines presuppose some underlying values.
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Ethical Decision Making: Personal and Professional Contexts
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54836
Sample Questions
Q1) In the ethical decision-making process,identify the steps that might arise in reverse order,depending on the circumstances.
A) Identifying the ethical issues; considering the impact of the decision on stakeholders
B) Determining the facts; identifying the impact of the decision on stakeholders
C) Identifying the impact of the decision on stakeholders; considering the available alternatives
D) Determining the facts; identifying the ethical issues
Answer: D
Q2) Which of the following is a cognitive barrier to responsible,ethical decision-making?
A) Choosing the alternative that meets maximum decision criteria
B) Considering unlimited alternatives
C) Following simplified decision rules
D) Selecting only the best option
Answer: C
Q3) Decisions made on economic grounds imply the lack of ethical considerations.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Philosophical Ethics and Business
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54835
Sample Questions
Q1) What is the difference between a principle-based framework of ethics and utilitarianism?
A) Ethics of principles is based on self-interest, whereas utilitarianism is based on human rights.
B) Ethics of principles is based on human rights, whereas utilitarianism is based on self-interest.
C) Ethics of principles is based on rules, whereas utilitarianism is based on consequences.
D) Ethics of principles is based on consequences, whereas utilitarianism is based on rules.
Answer: C
Q2) How does utilitarianism have a strong impact on business and business ethics?
Answer: Utilitarianism answers the fundamental questions of ethics-What should we do?-by reference to a rule: maximize the overall good.This rule is reminiscent of the financial practice of conducting a cost-benefit analysis and making a decision based on maximizing net benefits over costs.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 4: The Corporate Culture-Impact and Implications
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54834
Sample Questions
Q1) Which of the following is true about value-based cultures?
A) They emphasize obedience to the rules as the primary responsibility of ethics.
B) They are only as strong and as precise as the rules with which workers are expected to comply.
C) They reflect the traditional approach of classifying corporate culture.
D) These cultures are perceived to be more flexible and far-sighted corporate environments.
Q2) Due to diverse employee groups and management styles,the work culture of a large global firm in one country will differ significantly from the work culture of the same firm halfway around the world.
A)True
B)False
Q3) How does perception affect the culture within an organization?
Q4) A _____ culture will empower legal and audits offices to mandate and to monitor compliance with the law and with internal codes.
Q5) Values-based cultures are also known as _____ cultures.
Q6) What are the differences between an effective leader and an ethical leader?
Q7) How does a compliance-based structure work?
Page 6
To view all questions and flashcards with answers, click on the resource link above.
Chapter 5: Corporate Social Responsibility
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54833
Sample Questions
Q1) "The social responsibility of business managers is simply to pursue profit within the law." How does the economic model of CSR justify this statement?
Q2) Philosopher Norman Bowie identifies his approach as a "Kantian" theory of business ethics.
A)True B)False
Q3) Enlightened self-interest,an important justification offered for corporate social responsibility,presumes that:
A) measurement of bottom-line impact of ethical decision making is unimportant.
B) profits are independent of ethics.
C) bottom-line impact of ethical decision making can be measured and compared.
D) good ethics can also be good business.
Q4) Discuss the philanthropic model of CSR.
Q5) The sustainability version of corporate social responsibility suggests that the long-term financial well-being of every firm is directly tied to questions of how the firm both affects and is affected by the natural environment.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 6: Ethical Decision Making: Employer
Responsibilities and Employee Rights
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54832
Sample Questions
Q1) Which of the following statements is true about the market controlled approach to health and safety?
A) It treats employees disrespectfully by ignoring their input as stakeholders.
B) In this approach, employees are free to choose the risks they are willing to face by bargaining with employers.
C) It assumes an equivalency between workplace risks and other types of risks when there are significant differences between them.
D) It calls for the determination of comparison of probabilities of harm involved in various activities.
Q2) "Relative risks" is determined by comparing the probabilities of harm involved in various activities.
A)True
B)False
Q3) In 1970,the U.S.Congress established the _____ and charged it with establishing workplace health and safety standards.
Q4) Discuss the issue of giving notice to the employees about organizational downsizing.
Q5) Summarize the influences of diversity within a workplace.
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Ethical Decision Making: Technology and Privacy in the
Workplace
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54831
Sample Questions
Q1) The _____ Act expanded states' rights with regard to Internet surveillance technology,including workplace surveillance,and amended the Electronic Communications Privacy Act.
Q2) Which of the following statements is true about monitoring?
A) It reduces workers' right to control their environment without reducing the level of worker autonomy and respect.
B) It has the potential to cause physical disorders such as carpal tunnel syndrome.
C) It does not have a negative impact on performance.
D) It can lead to mental pressures, but health problems have not been reported.
Q3) Which of the following is an advantage of drug testing?
A) Drug testing does not present any ethical challenges for employers.
B) Drug testing tends to provide a productivity benefit for companies.
C) There are no possibilities of incorrect presumptions in connection with drug testing.
D) There are no legal issues relating to monitoring employees through drug testing.
Q4) Discuss the facts pertaining to laws against discrimination based on marital status.
Q5) Outline the business reasons to limiting monitoring.
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Ethics and Marketing
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54830
Sample Questions
Q1) Which of the following is an often overlooked aspect of advertising?
A) Pricing function
B) Evaluation function
C) Educational function
D) Watchdog function
Q2) Outline how the "reasonable person" concept can be interpreted in different ways.How can it lead to one interpreting this concept normatively?
Q3) The legal doctrine of _____ is ethically controversial because it holds a business accountable for paying damages whether or not it was at fault.
Q4) The utilitarian tradition in ethics would have the strongest objections to manipulation.
A)True
B)False
Q5) _____ occurs when someone is susceptible to some specific physical,psychological,or financial harm.
Q6) The _____ tradition offers a conditional critique of manipulation,depending on the consequences.
Q7) Explain the contractual standards for product safety.
Page 10
To view all questions and flashcards with answers, click on the resource link above.
Chapter 9: Business and Environmental Sustainability
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54829
Sample Questions
Q1) Which of the following is involved in environmental problems according to the market-based approach to resolving environmental challenges?
A) Lack of knowledge of producing renewable resources
B) Inability of businesses to produce and sell limited resources
C) Lack of use of appropriate substitutes for limited resources
D) Allocation and distribution of limited resources
Q2) The _____ model does not differentiate natural resources from the other factors of production.
Q3) Explain Herman Daly's economic system model also known as the sustainable model.
Q4) Elaborate on the conservation movement.
Q5) The possibility that the economy cannot grow indefinitely is simply not part of the: A) three pillars of sustainability approach.
B) circular flow model.
C) triple bottom line approach.
D) bilinear model.
Q6) Describe the challenges associated with the regulatory approach to environmental concerns.
Q7) What is an optimal level of pollution?
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Ethical Decision Making: Corporate Governance,
Accounting, and Finance
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/54828
Sample Questions
Q1) Discuss the conflicts surrounding accounting practices.
Q2) Which of the following statements is true of the Committee of Sponsoring Organizations?
A) It improves financial reporting through a combination of controls and governance standards called the External Control-Integrated Framework.
B) It is an external mechanism that seeks to ensure ethical corporate governance.
C) It describes control as encompassing those elements of an organization that, taken together, support people in the achievement of the organization's objectives.
D) It replaced the Sarbanes-Oxley Act to ensure ethical corporate governance.
Q3) The most basic ethical issue facing professional gatekeepers and intermediaries in business contexts involves conflicts of interest.
A)True
B)False
Q4) Explain the Federal Sentencing Guidelines for boards.
Q5) Discuss how conflicts of interests can arise in a profession.
Q6) What are the requirements of and the most significant criticism of the Sarbanes-Oxley Act?
Page 12
To view all questions and flashcards with answers, click on the resource link above.