MAN4720 FINAL (Quizzes)

________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected.

Contingency

Which of these is a potential problem associated with using only quantitative criteria for selecting strategies?

Different accounting methods can provide different results on many quantitative criteria.

A sustainability report discloses various kinds of information to shareholders. Which of the following is NOT one of them?

Net income

Whistle blowers in the corporate world receive up to ________ percent of the proceeds of legal proceedings against firms for wrongdoing.

25

What is the cornerstone of effective strategy evaluation?

Adequate and timely feedback

Which of the following is NOT a way that companies can help create an ethical culture in their organization?

Discouraging whistle-blowing

Which of the following is NOT true concerning the Japanese concept of Wa?

Discussions potentially disruptive to Wa are generally conducted in very formal settings.

A revised ________ should indicate how effective a firm's strategies have been in response to key opportunities and threats.

EFE Matrix

What challenge facing all organizations requires managers to formulate strategies that preserve and conserve natural resources and control pollution?

Ecological

Americans tend to hold back on the use of first names until well acquainted with foreigners with whom they have business dealings and the Japanese find this practice to be cold.

False

Bad ethics can derail all but the best strategic plans.

False

Dr. David Yermack believes that bigger boards are generally more decisive, more cohesive, more hands-on, and have more informal meetings and fewer committees.

False

ISO standards are adopted only in Europe and the United States.

False

In strategy evaluation, a revised IFE Matrix should indicate how effective a firm's strategies have been in response to key opportunities and threats.

False

In the United States, an amicable relationship is typically required before conducting business.

False

Organizations should prepare contingency plans just for unfavorable events.

False

Punctuality is generally revered in all cultures of the world.

False

Today, boards of directors are composed mostly of insiders who are becoming more involved in organizations' strategic management.

False

Which of the following U.S. industries is NOT yet greatly challenged by foreign competitors?

Furniture manufacturing

A revised ________ should focus on changes in the organization's management, marketing, finance and accounting, production and operations, research and development (R&D), and management information systems (MIS) strengths and weaknesses.

IFE Matrix

All of the following statements are true EXCEPT

ISO has legal authority to enforce its regulations' implementation.

Modern organizational realities demand many skills of employees. Which of the following is NOT a required skill?

Patience

Which board of director's duty falls under the category of control and oversight over management?

Select the CEO

Which of the following statements about contingency plans is NOT true?

Strategists should plan for all possible contingencies.

A firm takes corrective actions during strategy evaluation. Which of the following is NOT a type of corrective action?

Take on more debt

What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns?

The Balanced Scorecard approach

Which of the following is a valid reason for a firm's power and prestige in domestic markets to be significantly enhanced if it competes globally?

This can translate into improved negotiating power among important groups.

According to Alvin Toffler, future shock occurs when the nature, type, and speed of changes overpower an individual's or organization's ability and capacity to adapt.

True

Companies such as Walmart are now monitoring not only the prices its vendors offer for products, but also how those products are made in terms of environmental practices, as well as safety and infrastructure soundness.

True

European firms are increasingly adopting explicit, American-style sexual harassment laws.

True

Many African and non-African companies are launching operations in Africa due to the rapidly growing middle class and an average GDP growth of 5 percent for the continent through 2017.

True

Most organizations can afford to pursue only a few corporate-level strategies at any given time.

True

Protectionism refers to countries imposing tariffs, taxes, and regulations on firms outside the country to favor their own companies and people.

True

Ralph Nader believes that big firms like ExxonMobil have an obligation to help society cure its many ills.

True

Social responsibility refers to a firm's obligation to care for its employees, customers, communities, and society in which it operates.

True

Spoken Chinese has more in common with spoken English than with spoken Japanese or Korean.

True

Strengths, weaknesses, opportunities, cost and threats that represent the bases of current strategies should continually be monitored for change because it is not really a question of whether these factors will change, but rather when they will change and in what ways.

True

Sustainability refers to the extent that an organization's operations and actions protect, mend, and preserve rather than harm or destroy the natural environment.

True

The ISO is based in Geneva, Switzerland.

True

The availability, depth, and reliability of economic and marketing information in different countries vary extensively.

True

The social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive opportunities and threats that face a multinational corporation are almost limitless.

True

Too much pressure to achieve specific goals can lead to dysfunctional behavior.

True

According to research, what kind of a relationship exists between corporate social responsibility and corporate financial performance?

U-shaped

Already the European Union and 113 nations including Australia, Mexico, and Canada have ________ IFRS rules.

adopted or soon plan to use

According to researchers, all of the following encourage individuals to accept change EXCEPT

being overpowered by the nature, types, and speed of changes.

Friedman may contend that it is irresponsible for a firm to give monies to

charities

The strategic-management process for multinational firms is ________ for purely domestic firms, but the process is ________ for the purely domestic firms.

conceptually the same as; more simple

More and more firms believe that ethics training and an ethics culture

create strategic advantage.

Communication between domestic headquarters and overseas operations is often made difficult by

cultural differences.

All of the following are potential advantages to initiating, continuing, and/or expanding international operations EXCEPT

foreign operations could be seized by nationalistic factions.

It is ________ for a business to provide a sustainability report annually to the public.

good business

Desire for ________ is a part of the social fabric in worker-manager relations in Mexico.

harmony

Most economists argue that protectionism ________ the world economy because it ________ trade among countries.

harms; inhibits

If a firm has a bad sustainability record this will

increase investor scrutiny of the firm.

Simply having a code of ethics

is insufficient to guarantee that employees behave in an ethical manner.

Protectionism involves all of the following EXCEPT

liberalizing restrictions on the import of foreign goods.

The U.S. government's OPIC

offers insurance to offset some risks of doing business internationally.

Currencies in Africa are

stabilizing

High corporate tax rates

provide strong incentives to avoid and evade taxes.