According to Henry Mintzberg, decisions following from the strategic analysis of the firm are its:

41.

All of the following are ambidextrous behaviors EXCEPT:    A.  taking initiative and being alert to opportunities beyond the confines of one's own job B.  being cooperative and seeking opportunities to combine one's efforts with others C.  intensely focusing on the responsibilities of one individual and maximizing the output of the department in the organization in which that individual works D.  being brokers, always looking to build internal linkages

42.

According to Henry Mintzberg, the realized strategies of a firm:    A.  are a combination of deliberate and emergent strategies B.  are a combination of deliberate and differentiation strategies C.  must be based on the strategic plan of the company D.  must be kept confidential for competitive reasons

43.	According to Henry Mintzberg, decisions following from the strategic analysis of the firm are its:    A.  emergent strategy B.  deliberate strategy C.  intended strategy D.  realized strategy

44.	__________ may be considered the advance work that must be done in order to effectively formulate and implement strategies.    A.  Goal setting B.  Corporate entrepreneurship C.  Strategy analysis D.  Organizational design

45.	__________ involves ensuring proper strategic controls and organizational designs.    A.  Corporate governance B.  Corporate-level strategy C.  Strategy implementation D.  Business-level strategy

46.	The three participants in corporate governance are:    A.  the shareholders, board of directors, and employees B.  the shareholders, labor unions, and employees C.  the shareholders, board of directors, and management D.  the shareholders, banks and lending institutions, and management

47.	While working to prioritize and fulfill their responsibilities, members of the board of directors of an organization should:    A.  represent their own interests B.  represent the interests of the shareholders C.  direct all actions of the CEO D.  emphasize the importance of short-term goals

48.	Members of boards of directors are:    A.  appointed by the Securities and Exchange Commission B.  elected by the shareholders as their representatives C.  elected by the public D.  only allowed to serve one term of four years

49.

An organization is responsible to many different entities. In order to meet the demands of these groups, organizations must participate in stakeholder management. Stakeholder management means that:    A.  interests of the stockholders are not the only interests that matter B.  stakeholders are second in importance to the stockholders C.  stakeholders and managers inevitably work at cross-purposes D.  all stakeholders receive financial rewards

50.	Stakeholders are:    A.  a new way to describe stockholders B.  individuals, groups, and organizations who have a stake in the success of the organization C.  creditors who hold a lien on the assets of the organization D.  attorneys and their clients who sue the organization

51.

Procter and Gamble has perfected a technique for compacting cleaning powder into a liquid concentration. Consumers, retailers, shipping and wholesalers, and environmentalists all have benefited from the resulting change in consumer shopping habits and the revolution in industry supply-chain economics. According to the text, this is an example of __________.    A.  zero-sum relationship among stakeholders B.  stakeholder symbiosis C.  rewarding stakeholders D.  emphasizing financial returns

52.

There are several perspectives of competition. One perspective is zero-sum thinking. Zero-sum thinking means that:    A.  all parts of the organization gain at no loss B.  in order for someone to gain others must experience no gain or benefit C.  one can only gain at the expense of someone else D.  everyone in the organization shares gains and losses equally

53.

Managers should do more than just focus on short-term financial performance. One concept that helps managers do this is stakeholder symbiosis. This means that:    A.  stakeholders are dependent on each other for their success B.  stakeholders look out for their individual interests C.  one can only gain at the expense of someone else D.  all stakeholders want to maximize shareholder returns

54.

Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility which is:    A.  the expectation that business will strive to improve the overall welfare of society B.  the idea that organizations are solely responsible to local citizens C.  the fact that court costs could impact the financial bottom line D.  the idea that businesses are responsible to maintain a healthy social climate for their employees

55.	According to the text, the triple bottom line approach to corporate accounting includes three components:    A.  financial, environmental, and customer B.  financial, organizational, and customer C.  financial, environmental, and social D.  financial, organizational, and psychological

56.

Many organizations have a large number of functional areas with very diverse and sometimes competing interests. Such organizations will be most effective if:    A.  each functional area focuses on achieving their own goals B.  functional areas work together to attain overall goals C.  goals are defined at the bottom and implemented at the top D.  management and employees have separate goals

57.	Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve:    A.  the CEO and the board of directors B.  the board of directors, CEO, and CFO C.  competitors D.  line and staff managers

58.	The text argues that a strategic perspective in an organization should be emphasized:    A.  at the top of the organization B.  at the middle of the organization C.  throughout the organization D.  from the bottom up

59.

Peter Senge, of MIT, recognized three types of leaders. __________ are individuals that, although having little positional power and formal authority, generate their power through the conviction and clarity of their ideas.    A.  Local line leaders B.  Executive leaders C.  Internal networkers D.  Shop floor leaders

60.	Peter Senge, of MIT, recognized three types of leaders. __________ champion and guide ideas, create a learning infrastructure, and establish a domain for taking action.    A.  Local line leaders B.  Executive leaders C.  Internal networkers D.  Shop floor leaders