Week 1 Knowledge Check

1287 Words6 Pages
Week 1 Knowledge Check
Concepts
The Stakeholder
Approach to Social
Responsibility.

Mastery

Score: 15/18
Questions

0%

1

2

100%

3

4

5

67%

6

7

8

Company Mission

100%

9

10

11

Company Goals and
Objectives

100%

12

13

Three Levels of
Strategy â Corporate,
Business-Level,
Functional

100%

14

15

Strategic Management
Process

100%

17

18

Sarbanes-Oxley Act of
2002
Management Ethics

16

Concept: The Stakeholder Approach to Social Responsibility.
Concepts

Mastery

The Stakeholder
Approach to Social
Responsibility.

0%

Questions
1

2

1.
For the past 28 years, ABC, Inc. has made a significant investment of time, money, and
…show more content…
A. Utilitarian approach
B. Business ethics approach
C. Moral rights approach
D. Social justice approach

Incorrect
The correct answer is: D. Managers judging the appropriateness of a particular action based on equity, fairness, and impartiality in the distribution of rewards and costs among individuals and groups are using the social justice approach.

Concept: Company Mission
Concepts

Mastery

Company Mission

Questions

100%

9

10

11

9.
A broadly framed but enduring statement of a firmâs intent is defined as the company
A. vision
B. credo
C. slogan
D. mission

Correct!
The correct answer is: D. The company mission is the broadly framed but enduring statement of a firmâs intent. The mission should convey why the firm in business.
10.
This statement of a companyâs philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
A. Company slogan
B. Company sponsor
C. Company commercial
D. Company creed

Correct!
The correct answer is: D. The company creed will usually accompany or appear within the mission statement. It reflects or specifies the basic beliefs, values, aspirations, and philosophical priorities to which strategic decision makers are committed in managing the firm

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