FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 9: Strategic Control and Corporate Governance

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 41

Multiple Choice

Review LaterAdd Note

Review Later

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

A) It is a key catalyst for an ongoing debate about underlying data, assumptions, and action plans.
B) It must focus on constantly changing information that is strategically important.
C) It circumvents the need for face-to-face meetings among superiors, subordinates, and peers.
D) It generates information that is important enough to demand regular and frequent attention.

Correct Answer

verified

Show Answer

Question 42

Multiple Choice

Review LaterAdd Note

Review Later

Most successful organizations minimize the need for explicit rules,regulations,and other boundaries by

A) posting written statements of the organizational goals and objectives.
B) discouraging the formation of subcultures that isolate work groups.
C) designing effective reward systems.
D) encouraging employees to see themselves as free agents.

Correct Answer

verified

Show Answer

Question 43

True/False

Review LaterAdd Note

Contemporary strategic controls involve comparing actual performance to predetermined goals.

Behavioral control is one of two types of strategic control and is concerned with strategy implementation.

The primary participants in corporate governance do not include the

In choosing sides concerning CEO duality,two schools of thought exist.Which of the following would not be a consideration for the Unity of Command school of thought?

Central to agency theory is the relationship between two primary players,the principals (stockholders)and agents (management).

Regulations backed up with strong sanctions do not help an organization avoid conducting business in an unethical manner.

In trying to assure that managerial actions lead to shareholder value maximization,a risk can come about if the market value of a firm becomes less than its book value.The risk is

Boards of directors have responded to financial crises,corporate scandals,regulator obligations,and investor requests for structural changes.In the 2011 Harvard Business Review study of the changes in configuration of boards since 1987,which change has been brought about by government legislation?

In order to have effective board operations,firms need to cultivate engaged and committed boards.

The three fundamental types of control are culture,rewards and leadership,boundaries and constraints.

It is generally argued that the takeover constraint deters management from

A corporation is a mechanism created to allow different parties to contribute capital,expertise,and labor for the maximum benefit of each party.Management is able to participate in the profits of the enterprise without taking direct responsibility for the operations.

Individual rationality ______________ organizational rationality.

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.

The Sarbanes-Oxley Act of 2002 requires that CEOs and CFOs of publicly-listed companies must reveal off-balance-sheet finances and vouch for the accuracy of information provided.

In the contemporary approach to strategic control,adapting to and anticipating both internal and external environmental change is an integral part.The relationships between _________,__________,and __________ are highly interactive.

Which of the following is not an example of how organizational culture exerts behavioral control?

Stock analysts generally issue more sell recommendations than buy recommendations.