business and management

| August 14, 2017

Which of the following is NOT a task of the board of directors in strategic
management?Answer

to monitor

to implement

to influence

to initiate and
determine
4 points
Question 2

A highly involved board does all of the
following EXCEPT:Answer

tends to be very
active.

provides advice when
necessary.

keeps management
alert.

manage the everyday operations of
the organization.
4 points
Question 3

As defined in this course, a policy
is:Answer

the purpose or reason for a
corporation’s existence.

a statement of activities or steps
needed to accomplish a single-use plan.

a broad guideline for making
decisions that links the formulation of strategy with its
implementation.

a comprehensive master plan stating
how a corporation will achieve its mission and
objectives.
4 points
Question 4

The U.S. Clayton Act and Banking Act of
1933:Answer

promote interlocking directorates
by U.S. companies to foster better communications and working
relationships.

prohibit acts or contracts tending
to create a monopoly.

prevent unfair practices in
interstate commerce.

prohibit interlocking directorates
by U.S. companies competing in the same
industry.
4 points
Question 5

According to the text, most publicly owned
large corporations today tend to have boards with what degree of involvement in
the strategic management process?Answer

passive to
minimal

minimal to
nominal

rubber stamp
type

nominal to
active
4 points
Question 6

The function of a nominating committee is
to:Answer

find board members who have
compatible viewpoints with management.

find outside board members for
election by the stockholders.

search for internal employees who
would provide valuable insight into the working operations of the
corporation.

search for candidates who could
bring prestige to the board.

4 points
Question 7

Strategic planning within a small
organization:Answer

may be informal and
irregular.

must be elaborate to allow for
future growth.

should always be formalized and
explicitly stated.

should be done by the president
only.
4 points
Question 8

The emphasis of strategic management is
on:Answer

monitoring and evaluating external
opportunities and threats in light of a corporation’s strengths and
weaknesses.

first line
managers.

the short-run performance of the
corporation.

an examination of the
organization’s internal
environment.
4 points
Question 9

The integrated internationalization of markets
and corporations is called:Answer

normalization.

economic
integration.

globalization.

nationalization.

4 points
Question 10

Strategic planning in a multidivisional
corporation:Answer

should be informal to allow
complete understanding by the many participants.

should be instigated only from the
main corporate office.

should be accomplished quickly to
decrease the likelihood of it becoming outdated.

should be a formalized and
sophisticated system.
4 points
Question 11

Explain the Sarbanes-Oxley Act
and its impact on corporate governance. How has it changed the way we do
business in the United States? Please include an example to support your
viewpoint.Answer

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30 points
Question 12

What are the responsibilities of
the board of directors? Please provide an example of a board of directors that
did not meet its responsibilities.Answer

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