Sustainability in Business Practice Questions
Course Introduction
Sustainability in Business explores how organizations can integrate environmental, social, and economic considerations into their operations and strategies to create long-term value. The course examines the principles of sustainable development, corporate social responsibility, and ethical decision-making in a business context. Students will learn about sustainable business models, supply chain management, resource efficiency, and the role of stakeholders in promoting sustainability. Case studies and real-world examples illustrate how companies address global challenges such as climate change, resource scarcity, and social inequality while achieving competitive advantage.
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Strategic Management and Business Policy Globalization Innovation and Sustainablility 14th Edition
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12 Chapters
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Page 2
Chapter 1: Basic Concepts in Strategic Management
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Sample Questions
Q1) Which of the following is an example of a policy?
A) Diversify product line to appeal to more people.
B) Increase sales by 10% over last year.
C) Pay highest salaries to keep high quality employees.
D) Develop and sell quality appliances worldwide.
E) Diversify from retailing into delivery.
Answer: C
Q2) A goal differs from an objective because it
A) is open-ended.
B) is quantified.
C) specifies measurable results.
D) is clearly specified.
E) provides a time horizon.
Answer: A
Q3) A strategic decision is rare, consequential, and directive.
A)True
B)False
Answer: True
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Chapter 2: Corporate Governance
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Sample Questions
Q1) What percentage of public corporations have periodic board meetings devoted primarily to the review of overall strategy?
A) 24%
B) 34%
C) 44%
D) 64%
E) 74%
Answer: E
Q2) According to the text, most publicly owned large corporations today tend to have boards with what degree of involvement in the strategic management process?
A) passive to minimal
B) minimal to nominal
C) rubber stamp type
D) nominal to active
E) active to catalyst
Answer: D
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Page 4
Chapter 3: Ethics and Social Responsibility in Strategic Management
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Sample Questions
Q1) All of the following are considered primary stakeholders EXCEPT A) customers.
B) governments.
C) employees.
D) shareholders.
E) creditors.
Answer: B
Q2) According to Kohlberg, the first level of moral development, characterized by concern for self, is called
A) principled.
B) conventional.
C) essential.
D) preconventional.
E) fundamental.
Answer: D
Q3) The statement, "When in Rome, do as the Romans do," reflects the essence of cultural relativism.
A)True
B)False
Answer: True
Page 5
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Chapter 4: Environmental Scanning and Industry Analysis
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Sample Questions
Q1) What are the two factors that tend to determine whether an industry will be primarily multidomestic or primarily global?
Q2) Political-legal forces regulate the values, mores, and customs of society.
A)True
B)False
Q3) In the EFAS Table, the indicator of how well a particular company is responding to current and expected factors in its external environment is characterized by the
A) IFAS score.
B) industry matrix.
C) total weighted score.
D) SWOT score.
E) SFAS score.
Q4) Which of the following is NOT an element of the organization's task environment?
A) local communities
B) trade associations
C) governments
D) technological developments
E) special interest groups
Q5) Describe Porter's approach to industry analysis.
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Chapter 5: Internal Scanning and Organizational Analysis
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Sample Questions
Q1) The impact of a specific change in sales volume on net operating income is referred to as the
A) continuous system.
B) chronological processing.
C) debt capacity.
D) operating leverage.
E) intermittent system.
Q2) To increase flexibility, avoid layoffs, and reduce labor costs, corporations are using more contingent workers.
A)True
B)False
Q3) The two characteristics that determine the sustainability of a firm's distinctive competency are durability and imitability.
A)True
B)False
Q4) When a company uses the same marketing channel for two separate products, this is an example of an economy of scope.
A)True
B)False
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Chapter 6: Strategy Formulation: Situation Analysis and Business Strategy
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Sample Questions
Q1) The first firm through a strategic window can occupy a propitious niche and discourage competition (if the firm has the required internal strengths).
A)True
B)False
Q2) The goal is to find a propitious niche so well suited to the firm's internal and external environment that other corporations are not likely to challenge or dislodge it.
A)True
B)False
Q3) Apple is an example of a company following which of Porter's generic competitive strategies?
A) cost leadership
B) differentiation
C) cost focus
D) competitive scope
E) diversification
Q4) What is the impact of hypercompetition on competitive advantage?
Q5) What are Porter's four generic strategies?
Page 8
Q6) What are the types of alliances that businesses can engage in?
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Chapter 7: Strategy Formulation: Corporate Strategy
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Sample Questions
Q1) What are the three key issues that corporate strategy deals with?
Q2) Which strategy did Circuit City use in 2008 when it converted its retail stores to cash?
A) liquidation
B) bankruptcy
C) diversification
D) divestment
E) consolidation
Q3) The most widely pursued corporate directional strategies are those designed to achieve growth.
A)True
B)False
Q4) Turnkey operations are typically contracts for the construction of operating facilities in exchange for a fee.
A)True
B)False
Q5) One limitation of portfolio analysis is that it provides an illusion of scientific rigor.
A)True
B)False
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Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice
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Sample Questions
Q1) Many companies have found that outsourcing logistics
A) helps centralize logistics.
B) reduces costs and improves delivery time.
C) is an effective business-level strategy.
D) helps the companies differentiate themselves.
E) all of the above
Q2) Corporate scenarios are pro forma balance sheets and income statements that forecast the effect each alternative strategy and its various programs will likely have on division and corporate return on investment.
A)True
B)False
Q3) A popular financial strategy in which a company is acquired in a transaction financed largely by debt and eventually paid with money generated from the acquired company's operations or by sale of its assets is
A) illegal in most countries.
B) a good way to build a core competency.
C) an application of the capital asset pricing model.
D) the leveraged buyout.
E) an example of internal financing.
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Chapter 9: Strategy Implementation: Organizing for Action
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Sample Questions
Q1) Research generally supports Chandler's proposition that structure follows strategy as well as the reverse proposition that structure influences strategy.
A)True
B)False
Q2) Any change in corporate strategy is very likely to require some sort of change in the way an organization is structured and in the kind of skills needed in particular positions.
A)True
B)False
Q3) Which of the following is NOT an offensive tactic?
A) frontal assault
B) flanking maneuver
C) guerilla warfare
D) raising structural barriers
E) encirclement
Q4) Strategy formulation is the sum total of the activities and choices required for the execution of a strategic plan.
A)True
B)False
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Chapter 10: Strategy Implementation: Staffing and Directing
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Sample Questions
Q1) A professional liquidator was the executive type called in to Montgomery Ward when the company declared bankruptcy for the second time.
A)True
B)False
Q2) To improve organizational learning, many multinational corporations are providing their managers with international assignments as long as five years.
A)True
B)False
Q3) Hofstede's work on national culture was extended to nine cultural dimensions by A) RHR International.
B) Project GLOBE.
C) Alfred Chandler.
D) Nahavardi and Malekzadeh.
E) McKinsey & Company.
Q4) An essential ingredient of MBO is that an employee must be just as concerned with pleasing the internal customer as the external customer.
A)True
B)False
Page 12
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Chapter 11: Evaluation and Control
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Sample Questions
Q1) A type of responsibility center which is typically established whenever an organizational unit has control over both its resources and its products or services is a(n)
A) investment center.
B) revenue center.
C) expense center.
D) profit center.
E) standard cost center.
Q2) Evaluation and control information consists only of performance data.
A)True
B)False
Q3) International transfer pricing is primarily used not to evaluate performance, but to minimize taxes.
A)True
B)False
Q4) One of the key reasons for the success of Walmart has been management's use of the company's sophisticated information system to control purchasing decisions.
A)True
B)False
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Chapter 12: Suggestions for Case Analysis
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Sample Questions
Q1) Among the most useful and important documents that can be used to understand why actions were taken are
A) news releases.
B) product specification reports.
C) its corporate history.
D) annual reports.
E) 10-Q forms.
Q2) The calculation of ratios from financial data is referred to as
A) SWOT analysis.
B) ratio analysis.
C) receivables analysis.
D) integration analysis.
E) diversification analysis.
Q3) "Inventory to net working capital" is an example of a(n)
A) leverage ratio.
B) liquidity ratio.
C) activity ratio.
D) asset management ratio.
E) profitability ratio.
Q4) What is the Z-value?
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