Bus Policy Quiz 9 & 10 & 11
International financial reporting standards (IFRS) comprise approximately _____ pages.
5,000
Which of the following U.S. industries is NOT yet greatly challenged by foreign competitors?
Furniture manufacturing
_____ is a process of doing business worldwide, so strategic decisions are made based on global profitability of the firm rather than just domestic considerations.
Globalization
How does life in Mexico compare to life in the United States?
It is slower.
Which U.S. industry is already greatly challenged by foreign competitors?
None of these
Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?
Participation
Which of the following statements about contingency plans is NOT true?
Strategists should plan for all possible contingencies
_____ are the individuals primarily responsible for ensuring that high ethical principles are espoused and practiced in an organization.
Strategists such as CEOs and business owners
Which of the following nations has the highest corporate tax rate?
United States
_____ refers to employees reporting any unethical violations they discover or see in the firm.
Whistle-blowing
Corrective action should do all of the following EXCEPT
avoid external opportunities
Bribery involves
bestowing a gift to influence the recipient's conduct.
Firms should strive to engage in social activities that
have economic benefits
Strategy-evaluation activities should ideally be performed
on a continuous basis
All of the following business actions are considered to be unethical EXCEPT
preventing environmental harm
All of the following are mentioned by the authors as environmental strategies that a firm might adopt EXCEPT
reinvesting in environment-damaging business.
Business ethics, _____, and sustainability issues are interrelated and impact all areas of the comprehensive strategic-management model.
social responsibility
Currencies in Africa are
stabilizing.
Corrective actions are expected to
strengthen an organization's competitive position in its industry
Financial rations are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with
the performance of competitors.
In an effort to manage ecological challenges, many companies are
moving environmental affairs from the staff side of the organization to the line side.
Corrective actions are almost always _____ except when external and internal factors have not significantly changed and the firm is progressing satisfactorily toward achieving stated objectives.
needed
In Europe it is generally true that he farther _____ on the continent, the more participatory the management style
north
The U.S. government's OPIC
offers insurance to offset some risks of doing business internationally.
All of the following are reasons strategy evaluation is more difficult today EXCEPT
the increasing time span for which planning can be done with any degree of certainty
If you discover during the course of strategy evaluation that major changes have occurred in the firm's internal strategic position, you should
take corrective actions
Rumelt's criteria on consonance refers to the need for strategists to examine
trends
The average level of union membership across the whole of European Union, weighted by the numbers employed in the different member states, is _____ percent compare to about _____ percent in the United States.
23; 11
The total area of fully protected marine habitats in the United State is only about _____ square miles.
50
Modern organizational realities demand that employees demonstrate greater
All of these
Sustainability refers to the extent that an organization's operations and actions _____ the natural environment.
All of these
What corrective actions might a firm take during strategy evaluation?
All of these
Commercial and industrial development in the western part of which country has turned interior cities into production centers that compete for labor with coastal factories?
China
What has been shown to permit quick response to change, prevent panic in crisis situations, and make managers more adaptable?
Contingency plans
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
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
Which of the following is NOT a typical characteristic of most Japanese managers?
Impulsive
Preserving the environment should be a permanent part of doing business for which of the following reasons?
More lenders are examining the environmental liabilities of businesses seeking loans.
Already the European Union and 1113 nations including Australia, Mexico, and Canada have _____ IFRS rules.
adopted or plan to use
_____ can enable firms to learn the technology, culture, and business practices of other people and to make contacts with potential customers, suppliers, creditors, and distributors in foreign countries.
Joint ventures
To avoid paying U.S. taxes on income made in other countries, many U.S. companies are _____ outside the United States but _____ inside the United States.
cash-rich; cash-poor
The strategy-evaluation process should
foster mutual understanding and trust
If a firm has a bad sustainability record this will
increase investor scrutiny of the firm
In South Korea, activities involve concern for _____, or harmony based on respect of hierarchical relationships, including obedience to authority.
inhwa
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.
According to the text, the first social responsibility of any business is to
make enough profit to cover the cost of the future, because if this is not achieved then no other social responsibility can be met.
It has become _____, since uniform standards defining environmentally responsible company actions are rapidly being incorporated into our legal landscape.
more and more difficult for firms to make "green" claims when their actions are not substantive, comprehensive, or even true
In an industry that is, or is rapidly becoming global, the riskiest possible posture is to
remain a domestic competitor.
As of 2012 which of the following countries had a top corporate tax rate below 30 percent?
Israel and Japan
Many New Zealanders, supported by Australians, are outrages about which country's "large-scale" whaling operations in Antarctic.
Japan
A document that discloses to shareholders information about a firm's labor practices, product sourcing, energy efficiency, environmental impact, and business ethics practices is known as
a sustainability report
More and more firms believe that ethics training and an ethics culture can
create strategic advantage
Mass communication and high technology have _____ in diverse cultures worldwide.
created similar patterns of consumption
All of these are Richard Rumelt's criteria to evaluate a strategy EXCEPT
distinctiveness
All of the following are potential disadvantages to initiating, continuing, or expanding business across national borders EXCEPT
foreign operations can absorb excess capacity, reduce unit costs, and spread economic risks over a wider number of markets
Most organizations can afford to pursue _____ corporate-level strategies at any given time.
only a few
Japan's prescription for dealing with problems associated with an aging society includes
reversing the old-fashioned trend of keeping women at home
In general, U.S. managers feel the day has been productive if it is spent
rushing to meetings, appointments, and conferences.