Exam 9: Strategic Control and Corporate Governance

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In contemporary control systems,data and information generated are best interpreted and discussed in online forums,in order to have traceability of the discussion.

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For young managers who see themselves as free agents,behavioral controls such as rewards and culture can be an effective way to enhance organizational loyalty.

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Double-loop learning in the contemporary approach to strategic control means that the organizational assumptions,premises,goals and strategies are occasionally monitored,tested,and reviewed.

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The board of directors is a group that has a ________ duty to ensure that the company is run consistently with ________ interests of the owners,or shareholders of a corporation and that acts as an ________ between the shareholders and management.

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The traditional approach to strategic control relies on feedback from performance measurement to formulate strategy.

(True/False)
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Chesapeake Energy set a goal to improve workplace safety.To reinforce this,one year it gave out over 8 million USD in safety bonuses to over 6000 employees for following safe work practices.This served to create

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For firms competing in highly unstable and turbulent industries,traditional strategic controls are most appropriate.

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Brent Beshore,CEO of adventur.es,a private investment firm,walks around the office every day thanking people for their contributions.What purpose does this serve in terms of attaining behavioral control?

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Rules and regulations are examples of ________ and ________.

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External governance control mechanisms include all the following except

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Which of the following is not a characteristic of effective reward and incentive systems?

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Research has shown that executives who have large holdings of stock in their firm are more likely to have diversification strategies more consistent with shareholder interests,like increasing long-term returns.

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Which of the following statements about action plans is true?

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The primary participants in corporate governance,according to Monks and Minow,are the shareholders,board of directors,and employees.

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Which of the following is not one of the characteristics of a contemporary control system?

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Takeover constraint describes

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As firms downsize,a control system based on rewards and culture becomes dysfunctional.

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Effective boundaries and constraints

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Most organizations with strong cultures and a sound system of rewards and incentives can eventually internalize boundaries rather than use explicit rules and regulations.Which of the following is not a technique for moving in that direction?

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The failure of many auditing firms to raise red flags about accounting irregularities in companies such as Enron and WorldCom is generally attributed to all the following factors except the

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