American Public University bus313 quiz 1

Week 1 Quiz
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Part 1 of 1 – 100.0
Points

Question 1 of 20 5.0
Points
In a survey of 50 corporations, which of the following was
rated as a benefit of strategic management?

A.clearer sense of vision for the firm

B.higher levels of employee motivation

C.higher levels of job satisfaction

D.improved productivity

E.lower employee turnover

Question 2 of 20 5.0
Points
When an organization is evaluating its strategic position,
which is NOT one of the strategic questions that an organization may ask
itself?

A.Where is the organization now?

B.Are we a socially responsible firm?

C.If no changes are made, where will the
organization be in one year?

D.If the evaluation is negative, what specific
actions should management take?

E.If no changes are made, where will the
organization be in 10 years?

Question 3 of 20 5.0
Points
Research of the planning practices of companies in the oil
industry concludes that the real value of modern strategic planning is more

A.in the planning.

B.in the strategic thinking and organizational
learning.

C.in the resulting written strategic plan.

D.in the formality of the process.

E.in the improved communication within the
organization.

Question 4 of 20 5.0
Points
Strategic planning in a multidivisional corporation

A.should be informal to allow complete
understanding by the many participants.

B.should be instigated only from the main
corporate office.

C.should be accomplished quickly to decrease
the likelihood of it becoming outdated.

D.should encourage a clear delineation between
top management and lower-level managers.
E.should be a formalized and sophisticated
system.

Question 5 of 20 5.0
Points
The regional trade association composed of Argentina,
Brazil, Uruguay, and Paraguay is called

A.EU.

B.ASEAN.

C.NAFTA.

D.Mercosur.

E.ABUP.

Question 6 of 20 5.0
Points
Members of the European Union (EU) include all of the
following EXCEPT

A.Ireland.

B.Malaysia.

C.Belgium.

D.France.

E.Slovakia.

Question 7 of 20 5.0
Points
Canada, the United States, and Mexico are affiliated
economically under which trade alliance?

A.ASEAN

B.Mercosur

C.EU

D.NAFTA

E.CAFTA

Question 8 of 20 5.0
Points
The currency used to integrate the monetary systems of the
European Union (EU) is called the

A.peso.

B.dollar.

C.euro.

D.franc.

E.pound

Question 9 of 20 5.0
Points
According to Alfred Chandler

A.high-tech industries are defined by
“paths of learning.”

B.companies spring from an individual
entrepreneur’s knowledge, which then evolves into organizational knowledge.
C.once a corporation has built its learning
base to the point where it has become a core company in its industry,
entrepreneurial start-ups are rarely able to successfully enter.
D.organizational strengths derive from learned
capabilities.

E.all of the above

Question 10 of 20 5.0
Points
Which of the following statements is NOT true of a strategic
inflection point?

A.The term was coined by Andy Grove, past CEO
of Intel Corporation.

B.This represents what happens to a business
when a major change takes place due to the introduction of new technology.
C.This represents what happens to a business
when a major change takes place due to a change in customers’ values or a
change in what customers prefer.
D.This represents what happens to a business
when a major change takes place due to a different regulatory environment.
E.A new CEO is an example of a strategic
inflection point.

Question 11 of 20 5.0
Points
The requirements of a board of directors vary significantly
by country and by state; however, there is a developing consensus as to what
the major responsibilities should be. Which of the following is NOT one of the
responsibilities?

A.effective board leadership including the
processes, makeup and output of the board
B.strategy of the organization

C.risk vs. initiative and the overall risk
profile of the organization

D.becoming directly involved in managerial
decisions

E.sustainability

Question 12 of 20 5.0
Points
More than ________ of outside directors surveyed said that
they had been named as part of a lawsuit against the corporation.

A.40%

B.50%

C.60%

D.70%

E.80%

Question 13 of 20 5.0
Points
According to ________ theory, ________ directors tend to
identify with the corporation.

A.agency; inside

B.corporate governance; inside

C.stewardship; inside

D.corporate governance; affiliated

E.stewardship; outside

Question 14 of 20 5.0
Points
An agency problem can occur when

A.the desires and objectives of the owners and
agents conflict.

B.it is difficult or expensive for the owners
to verify what the agent is actually doing.

C.the owners and agents have different
attitudes toward risk.

D.executives do not select risky strategies
because they fear losing their jobs if the strategy fails.
E.all of the above

Question 15 of 20 5.0
Points
Under what circumstances does a DIRECT interlocking
directorate exist?

A.when both management and the board establish
corporate strategic management

B.when a corporation’s employees are included
on its board

C.occurs when two firms share a director or
when an executive of one firm sits on the board of a second firm
D.when all board members are also employed by
the corporation

E.when two corporations have directors who
serve on the board of a third firm

Question 16 of 20 5.0
Points
Which of the following is NOT descriptive of interlocking
directorates?

A.Interlocking directorates occur because
large firms have a large impact on other corporations.
B.Interlocking directorates are more common in
small, family-owned companies.

C.Interlocking directorates are a useful
method for gaining inside information about an uncertain environment.
D.Interlocking directorates occur in about 20%
of the 1000 largest US firms.

E.Interlocking directorates provide objective
expertise about a firm’s strategy.

Question 17 of 20 5.0
Points
When calculating a “deserved pay” for CEOs based
upon earnings growth and shareholder return, financial research firm Obermatt
found that

A.there is a negative correlation between CEO
pay and company performance.

B.there is a positive correlation between CEO
pay and company performance.

C.there is no correlation between CEO pay and
company performance.

D.CEO pay packages were rejected by 90% of
shareholders.

E.most compensation systems were aligned with
the interests of shareholders.

Question 18 of 20 5.0
Points
All of the following are true of overconfident CEOs EXCEPT

A.overconfident CEOs tend to charge ahead with
mergers and acquisitions even though they are aware that most acquisitions
destroy shareholder value.
B.overconfident CEOs view their company as
undervalued by outside investors.

C.overconfident CEOs are more likely to do
deals that diversify their firm’s lines of businesses.
D.the overconfidence of CEOs may lead to
hubris.

E.overconfident CEOs were less likely to make
an acquisition when they could avoid selling new stock to finance them.

Question 19 of 20 5.0
Points
Which of the following regions is the most globalized region
of the world in terms of boards of directors with most companies having one or
more non-national directors?

A.Asia

B.Middle East

C.North American

D.Pacific Rim

E.Europe

Question 20 of 20 5.0
Points
All of the following criteria reflect survey findings of the
characteristics of a good director EXCEPT

A.willing to challenge management when
necessary.

B.expertise on global business issues.

C.understands the firm’s key technologies and
processes.

D.available for outside meetings to advise
management.

E.willing to always agree with executive
decisions.

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