Preparation to Final II

Question 1

Expectations beyond financial, economic obligations that incorporate the social and environmental impact of the business

Accepted Answer

Corporate Social Responsibility

Question 2

What is the recommended strategy for business units in the "low share, low growth" quadrant of the BCG Matrix?

Accepted Answer

Liquidate or divest "Dogs"

Question 3

Empowers followers, cares about their goals and fosters a team-oriented environment with decentralized decision-making

Accepted Answer

Stewardship

Question 4

Any group or individual who can affect or is affected by an organisation’s actions

Accepted Answer

Stakeholders

Question 5

Influencing behaviours to act according to law or face the consequences

Accepted Answer

Compliance

Question 6

What are Michael Porter&#x27;s three generic business-level strategies ?

Accepted Answer

Cost leadership, differentiation, focus

Question 7

What is the recommended strategy for business units in the "low growth, high share" quadrant of the BCG Matrix?

Accepted Answer

Reinvest cash from "cash cows"

Question 8

Prioritizes serving the collective welfare of stakeholders and addressing their wants and requirements?

Accepted Answer

Servant leadership

Question 9

Peter Parker thinks that if an action benefits greater number of people this is morally right action.

Accepted Answer

Utilitarianism

Question 10

Which statement provides a broad description of HOW a business will make its vision a reality?

Accepted Answer

Mission statement

Question 11

What does "ethics" involve?

Accepted Answer

How we decide what is right and wrong

Question 12

According to Porter, a business that fails to adopt one of the three generic strategies is

Accepted Answer

Stuck in the middle

Question 13

What is the primary difference between a vision statement and a mission statement?

Accepted Answer

Vision: purpose & objectives; Mission: achieving objectives

Question 14

A predicament in which there is no optimal choice to be made between two options, with neither option solving the issue

Accepted Answer

Ethical Dilemma

Question 15

How else are three generic business-level strategies called?

Accepted Answer

Porter&#x27;s Strategy Mix

Question 16

Shared values and meanings its members hold in common and that are articulated, practiced by an organisation’s leaders.

Accepted Answer

Corporate Culture

Question 17

Munisa Rizaeva considers the welfare and risks of all parties involved when considering policy decisions and outcomes

Accepted Answer

Universalism

Question 18

Which statement describes the current and future objectives of an organization?

Accepted Answer

Vision statement

Questions 18