Business Policy quiz 1

Which of the following involve ethical issues? A. Corruption B. Self dealing C. Information manipulation D. All of the above

D. all of the above

__________ managers are responsible for the overall performance of the company or one of its major divisions. A. General B. Unit C. Operation D. Functional

A. General

When a planned strategy does not work it becomes a(n) __________ strategy A. Unrealized B. Emergent C. Realized D. Deliberate

A. Unrealized

Which level(s) of management should be involved in the strategy information process? A. Functional B. Business C. Corporate D. All of the above

D. All of the above

Which of the following is not an element used by the Abell framework in defining a business? A. Customer groups B. Competitors C. Customer needs D. Distinctive competencies

B. Competitors

Which of the following is not considered an internal stakeholder A. Managers B. Customers C. Stockholders D. Employees

B. Customers

Which of the following is usually not considered one of the most important stakeholder groups? A. Employees B. Suppliers C. Customers D. Stockholders

B. Suppliers

Which of the following is not an element of a SWOT Analysis? A. Organizational strengths B. Environmental opportunities C. Organizational threats D. Environmental threats

C. Organizational threats

Which of the following is a desirable characteristic when constructing goals? A. Measurable B. Challenging C. Time sensitive D. All of the above

D. All of the above

Which of the following represents a corporate governance mechanism? A. Financial statements B. Stock-based compensation C. Board of Directors D. All of the above

D. All of the above