Strategic implementation involves

Select one:

a$.$

analyzing the macroenvironment for any last$-$minute changes that may have occurred.

b$.$

all of these choices.

c$.$

only activities at the corporate level.

d$.$

taking actions at the functional, business, and corporate levels.

e$.$

comparing company performance with leading companies in the industry.

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Strategic leadership is about

Select one:

a$.$

establishing effective contract processes.

b$.$

how to effectively manage a companys strategy and create competitive advantage.

c$.$

strategy formulation.

d$.$

reducing a companys operating costs.

e$.$

strategy implementation.

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Strategy formulation refers to the

Select one:

a$.$

task of analyzing an organizations external and internal environment and then selecting an appropriate strategy.

b$.$

task of designing organizational structures and control systems.

c$.$

top$-$down planning process that gives rise to the implementation of emergent strategies.

d$.$

process of choosing a realized strategy.

e$.$

process by which strategies are put into action.

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The primary goal of a SWOT analysis is to

Select one:

a$.$

develop short$-$run goals.

b$.$

benchmark a companys performance.

c$.$

forecast future events.

d$.$

force managers to think creatively rather than analytically.

e$.$

create, affirm, or fine$-$tune a company$-$specific business model.

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Which of the following is not a cognitive bias?

Select one:

a$.$

Ivory tower thinking

b$.$

Reasoning by analogy

c$.$

Escalating commitment

d$.$

Representativeness

e$.$

Illusion of control

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Which of the following statements about social responsibility is true?

Select one:

a$.$

Economic and legal responsibilities play a larger role in a company$$s social responsibility than do ethical and discretionary responsibilities.

b$.$

The relative importance of economic, legal, ethical, and discretionary responsibilities is fixed and unchanging over time.

c$.$

Companies will be considered unethical if they do not perform their discretionary responsibilities.

d$.$

Economic responsibilities are often referred to as fiscal responsibilities.

e$.$

Companies are viewed as having social responsibilities in economic, legal, and ethical areas.

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A strategy can be defined as a set of related actions that managers take to increase their companys performance.

Select one:

True

False

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The stakeholder model holds that the only social responsibility that businesses have is to maximize profits.

Select one:

True

False

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The two categories of stakeholder groups are internal stakeholders and external stakeholders.

Select one:

True

False

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There is general agreement regarding what is socially responsible corporate behavior.

Select one:

True

False

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Unfortunately, values are personal and have little to do with organizational culture or competitive advantage.

Select one:

True

False

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A criticism of stock$-$based compensation plans is that

Select one:

a$.$

they induce managers to focus on the short term.

b$.$

managers do not like them.

c$.$

they discourage empire building.

d$.$

they are publicly reported and therefore not subject to abuse.

e$.$

they dilute stockholders equity.

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A stock option is a right to buy

Select one:

a$.$

shares of the companys stock at half the stocks current price.

b$.$

bonds issued by the company.

c$.$

shares of the companys stock at a predetermined price at some point in the future.

d$.$

shares of the companys stock at the stocks current price.

e$.$

none of these choices.

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Confronted with agency problems, which of the following is$($are$)$ challenge$($s$)$ for principals?

Select one:

a$.$

Develop mechanisms for removing agents who mislead principals

b$.$

Shape the behavior of agents so that they act in accordance with th