Question 1

Enterprise strategy refers to ____.

Accepted Answer

A)  another term for social responsibility 
B)  the strategy for the individual business unit 
C)  the combining of business responsibility and business ethics in the firm 
D)  the combining of ethical and strategic thinking in firm 
E)  the strategy of the group that owns the story line for the Starship Enterprise

Question 2

The utilitarian theory of ethics _____.

Accepted Answer

A)  views the purpose of business organizations is to maximize profits 
B)  believes that laws reflect society and compliance with laws reflects ethical behavior 
C)  believes that everyone should act in accordance with religious teachings 
D)  focuses on the outcome of the decision, decisions that generate the greatest good for greatest number of people should be pursued 
E)  focuses on intent of the decision; i.e. weight the decision against the screen "Would I be willing for everyone else in the world to make the same decision?"

Question 3

What four parts must be determined in establishing the firm's strategic direction?

Accepted Answer

The answer of What four parts must be determined in...

Question 4

An organization with a vision has _____.

Accepted Answer

A)  a sense of what it wants to be in the future 
B)  a strategic plan for the future 
C)  a tactic for executing on strategy 
D)  a happy workforce 
E)  a first-rate strategy for tomorrow

Question 5

The power of various stakeholders is impacted by all of the following except _____.

Accepted Answer

A)  economic power 
B)  political power 
C)  legal power 
D)  profitability power 
E)  contractual power

Question 6

A code of ethics is concerned with _____.

Accepted Answer

A)  communicating values to employees and other stakeholders 
B)  communicating values to employees 
C)  communicating values to stakeholders outside the firm 
D)  communicating to lawyers and judges that the firm has established rules in case it is sued 
E)  communicating values to potential international joint venture partners

Exam 3: Strategic Direction