Quiz 1

________Blank responsibilities are the foundational building block in the pyramid of corporate social responsibility. Multiple ChoiceEthicalLegalEconomicEnvironmental

Economic

Sugar & Sweet Sodas has seen its market share erode in recent years, as consumers increasingly turn toward healthier beverage choices such as unsweetened sparkling water. Hoping to rekindle interest in sugary sodas, Sugar & Sweet decides to produce a limited run of "throwback" cans using labeling first introduced in the 1980s. What is wrong with this strategy? Multiple ChoiceIt does not involve concrete actions.It fails to face the competitive challenge.It tries to be everything to everybody.It lacks strategic commitments.

It fails to face the competitive challenge.

For a corporate strategy, which question is often asked? How do strategic leaders help shape a firm's vision, mission, and values? How do we create shared value? How should the firm compete: cost leadership, differentiation, or value innovation? Where should the firm compete in terms of industry, markets, and geography?

Where should the firm compete in terms of industry, markets, and geography?

DuraLine Ltd. is a landline telephone manufacturer whose average return on invested capital is approximately 2 percent. Because demand for landline telephones has declined significantly, the industry average return on invested capital has been negative (-5 percent) for the last few years. In this scenario, DuraLine Ltd. has a Multiple Choicecompetitive disadvantage.competitive advantage.balanced scorecard.power position.

competitive advantage.

Most consumers and investors today want the firms they do business with to look beyond just the profit motive. In fact, they want firms that behave legally and ethically while also giving back to their communities via philanthropic activities. The framework that attempts to reconcile these wants is known as Multiple Choicebusiness model analysis.value chain driven decision making.corporate social responsibility.stakeholder impact analysis.

corporate social responsibility.

Managers use the AFI strategy framework to explain and predict differences in firm performance. help their business achieve and sustain competitive parity. minimize the wealth of their shareholders. help reduce the economic contribution of their business.

explain and predict differences in firm performance.

Which of the following is typically an economic responsibility of a firm? Multiple Choicesourcing raw materials from highly developed countriesdonating resources, in terms of money and time, toward community developmenthelping a nation increase its import of goods and servicespaying adequate returns to the firm's stockholders on the capital invested by them

paying adequate returns to the firm's stockholders on the capital invested by them

Which of the following three important stakeholder attributes should managers pay special close attention to in order to better understand stakeholder impact analysis? competitive advantage, economic value, and time power, legitimacy, and urgency grace under pressure, financial control, and reward power shareholder rights plan, board representation and CEO influence

power, legitimacy, and urgency

John is a bit confused about the difference between stakeholders and stockholders. You meet with John and inform him that the main difference is that Multiple Choicestakeholders are both internal and external to the firm while stockholders are considered external to the firm.stakeholders are considered internal to the firm while stockholders are external to the firm.stakeholders can be both internal and external while stockholders own shares of a firm and are classified as internal to the firm.stakeholders are external to the firm while stockholders are considered internal to the firm.

stakeholders can be both internal and external while stockholders own shares of a firm and are classified as internal to the firm.

Putting the formulated strategy into practice through organizational structure, culture, and controls is accomplished in which stage in the AFI strategy framework? Multiple Choicestrategy implementationstrategy appraisalstrategy formulationstrategy examination

strategy implementation