Business Strategy
Mock Exam
Course Introduction
Business Strategy is a comprehensive course that explores the foundational concepts, tools, and frameworks used in formulating and implementing effective strategies within modern organizations. Students learn how to analyze competitive environments, assess internal capabilities, and make strategic decisions that drive sustainable growth and long-term success. The course covers key topics such as industry analysis, value creation, strategic positioning, corporate-level strategy, and the impact of global trends on businesses. Through case studies and real-world examples, students develop critical thinking and problem-solving skills necessary to navigate complex business landscapes and lead organizations toward their strategic objectives.
Recommended Textbook
Business Ethics How to Design and Manage Ethical Organizations 1st Edition by Denis Collins
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12 Chapters
769 Verified Questions
769 Flashcards
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Chapter 1: Unethical Behaviors in Organizations and Human
Nature
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/7633
Sample Questions
Q1) Which of the following is not one of Kidder's ethical dilemmas based on competing values?
A) short term versus long term
B) truth versus loyalty
C) morality versus ambiguity
D) individual versus community
E) justice versus mercy
Answer: C
Q2) In the most developed stages of moral reasoning,individuals rely on _______________ for determining right and wrong.
A) group norms and rules
B) universal ethical principles
C) egoism
D) none of the above
E) all of the above
Answer: B
Q3) Legal costs are the only cost associated with unethical behaviors.
A)True
B)False
Answer: False
Page 3
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Chapter 2: A Historical Perspective on Business Ethics
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74 Verified Questions
74 Flashcards
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Sample Questions
Q1) The fundamental belief on which the Declaration of Independence was founded,grounded in philosophical notions of basic human rights,was
A) the right to bear arms
B) the right to own property
C) government should be based on the consent of the governed
D) government should pursue happiness
E) none of the above
Answer: C
Q2) U.S.-born _______________ unionized immigrant farm workers in California and led a 10-year nationwide boycott against grapes picked by nonunion workers.
A) Che Guevera
B) Cesar Chavez
C) Samuel Gompers
D) Taft Hartley
E) none of the above
Answer: B
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Chapter 3: Hiring Ethical People
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/7635
Sample Questions
Q1) For legal reasons,tests that measure general personality traits can be combined with those that diagnose personality disorders or mental disabilities.
A)True
B)False
Answer: False
Q2) Over time,Title VII of the Civil Rights Act of 1964 has been supplemented with legislation prohibiting discrimination based on which of the following characteristics?
A)age
B) pregnancy
C) disability
D) all of the above
E) none of the above
Answer: D
Q3) In order to ensure an ethical candidate is being hired,in some cases employers may need to ask questions that violate the Civil Rights Act of 1964.
A)True
B)False
Answer: False
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Page 5
Chapter 4: Codes of Ethics and Codes of Conduct
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61 Verified Questions
61 Flashcards
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Sample Questions
Q1) An organization's cause-based mission and vision are associated with:
A) increased customer satisfaction
B) increased revenue
C) highly motivated employees
D) all of the above
E) none of the above
Q2) In cases of wrongdoing,judges can reduce fines if an organization has implemented a Code of Ethics.
A)True
B)False
Q3) An organization's ___________ describes what an organization does and for whom.
A) Code of Conduct
B) Code of Ethics
C) vision statement
D) strategic plan
E) mission statement
Q4) Regardless of an organization's size,all employees should be directly involved in writing a corporate Code of Ethics.
A)True
B)False
Page 6
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Chapter 5: Ethical Decision Making
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64 Verified Questions
64 Flashcards
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Sample Questions
Q1) Harmful acts with severe consequences have high moral intensity.
A)True
B)False
Q2) Ethical _________________ refers to an individual's awareness that a particular situation raises ethical concerns.
A) opinion
B) belief
C) moral
D) sensitivity
E) none of the above
Q3) Even if an intention to act ethically is solidified,an individual still may not follow through on the ethical intention and behave ethically.
A)True
B)False
Q4) Becoming aware of how others interpret or experience our decisions and behaviors expands a person's ethical sensitivities.
A)True
B)False
Q5) Identify the ten "ethical hazard approaching" signs. How can they be managed?
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Chapter 6: Ethics Training
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60 Verified Questions
60 Flashcards
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Sample Questions
Q1) Which of the following is not among the issues an ethical culture assessment can explore?
A) performance based on the Code of Ethics
B) the behavior of managers
C) the organizational culture according to the employees
D) all of the above
E) none of the above
Q2) Consistent with best practices in ethics training,at least one mandatory ethics training should be offered annually.
A)True
B)False
Q3) Because types of ethical dilemmas vary according to who is involved,the circumstances and context,it is not particularly helpful to explore common ethical problems experienced in the organization or its industry.
A)True
B)False
Q4) Approximately 60 percent of employees have stolen from their employers.
A)True
B)False
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Chapter 7: Respecting Employee Diversity
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67 Verified Questions
67 Flashcards
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Sample Questions
Q1) The Age Discrimination in Employment Act (ADEA)of 1967 includes provisions for all but which of the following situations?
A) a bona fide occupational qualification such as not rehiring an aging actor for a young role, or matters of safety
B) job assignments for older workers
C) promotions for older workers
D) employees that are outside of the protected range of ages 40 to 65
E) none of the above
Q2) Discuss the steps required to successfully implement a diversity initiative.
Q3) Which of the following groups was not subject to prejudice upon arriving to the United States?
A) Africans
B) Irish
C) Asian
D) religious minorities
E) none of the above
Q4) Discuss the factors associated with best operational practices for managing diversity.
Q5) Identify and define the four dimensions of diversity.
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Chapter 8: Ethics Reporting Systems
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60 Verified Questions
60 Flashcards
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Sample Questions
Q1) Several resources including nonprofit advocacy and lobbying organizations exist to provide support to potential or actual whistleblowers.
A)True
B)False
Q2) ________________,previously referred to as "ethics hotlines," have long been popular with organizations as a method of obtaining information about situations that may be unethical or illegal.
A) Assist lines
B) Asset lines
C) Answering services
D) all of the above
E) none of the above
Q3) In order to be effective,the ethics and compliance officer must be someone in a dedicated position,not someone who serves that function in addition to another role such as legal counsel.
A)True
B)False
Q4) Discuss the attributes of an effective ethics and compliance officer.
Q5) Discuss the typical duties and skills of an ethics and compliance officer.
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Chapter 9: Managers as Ethical Leaders and Role Models
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64 Verified Questions
64 Flashcards
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Sample Questions
Q1) Managers can and should serve as _______________ within the organization.
A) ethical role models
B) authoritarian leaders
C) ombudspersons
D) all of the above
E) none of the above
Q2) An incremental goal is one that appears to be just a little out of the employee's reach,and challenges employees to perform at peak efficiency and effectiveness.
A)True
B)False
Q3) A useful measure for assessing virtue ethics in ethical leaders focuses on the _____________ emphasized by Aristotle.
A) ten commandments
B) Golden Rule
C) cardinal virtues
D) all of the above
E) none of the above
Q4) Outline the continuum of potential punishments for managing minor workplace infractions.
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Chapter 10: Engaging and Empowering Ethical Employees
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) The most essential moral value,____________,is positively associated with employee engagement and occurs when employees perceive fairness in decisions associated with organizational policies,procedures and outcomes.
A) honesty
B) justice
C) patience
D) compassion
E) none of the above
Q2) Employee _________ give employees the right to purchase a specific number of company shares at a fixed price by a particular future date,typically ten years.
A) profit sharings
B) stock options
C) pensions
D) all of the above
E) none of the above
Q3) Describe the categories included in Maslow's hierarchy of needs,and provide an example from the organizational context at each level.
Q4) Discuss the steps and advantages involved in the team problem-solving process.
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Page 12
Chapter 11: Environmental Management
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) The federal agency charged with protecting human health and safeguarding the natural environment,which also offers compliance assistance websites for business,is known as the _______________.
A) Environmental Protection Agency (EPA)
B) Clean Air Act (CAA)
C) Triple Bottom Line (TBL)
D) all of the above
E) none of the above
Q2) Discuss the competitive advantages to an organization for becoming eco-friendly.
Q3) ISO 14001 certification,a competitive advantage in a marketplace in which more organizations are using a green "screen" to choose suppliers,is a self-regulatory system and includes an Energy Management System (EMS)as its basic component.
A)True
B)False
Q4) Environmental management is best implemented within one dedicated department or business unit that can devote time to becoming eco-friendly.
A)True
B)False
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Chapter 12: Community Outreach and Respect
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69 Verified Questions
69 Flashcards
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Sample Questions
Q1) Research indicates that philanthropy can help mitigate the negative effects when things go wrong in an organization.
A)True
B)False
Q2) Community involvement should not be used as a mechanism for networking,as that dampens the spirit of the philanthropic activities.
A)True
B)False
Q3) Which of the following individuals or groups is/are considered primary stakeholders in an organization?
A) community members
B) nonprofits
C) the media
D) suppliers
E) none of the above
Q4) Investors tend not to consider social responsibility when evaluating a company,provided the company has a strong bottom line.
A)True
B)False
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