Show
Home Subjects Solutions Create Log in Sign up Upgrade to remove ads Only ₩37,125/year
Terms in this set (30)Which of the following have been found to be ethical norms in business? (Check all that apply.) -honesty -honesty If a company is poorly managed, its stock price may fall low enough for the firm to become a target for a(n) __. -shared value creation framework hostile takeover Following the rise of institutional investors, the use of poison pills to avoid hostile takeover has __. -been eliminated entirely become rare Which of the following is a federal regulatory agency whose task it is to oversee stock trading and enforce federal securities laws? -World Trade Organization Securities and Exchange Commission In order to reconcile economic and social needs, managers should focus on __ (Check all that apply). -making products affordable for the poorest socioeconomic groups in order to improve standards of living -making
products affordable for the poorest socioeconomic groups in order to improve standards of living The shared value creation framework encourages managers to focus on which of the following needs? (Check all that apply.) -emotional -social The shared value creation framework is a tool intended to help businesses __. -secure capital investments benefit all stakeholders, not just shareholders Which of the following is a major drawback of public stock companies, according to Michael Porter and others? -they prioritize financial performance over all else they prioritize financial performance over all else The idea of corporate social responsibility (CSR) suggests that a firm's obligations should __. -never include any other
performance indicator other than increasing profits exceed the traditional imperative to increase profits The ideas of corporate social responsibility and stakeholder strategy are particularly prevalent in __. -Europe Europe What are the four characteristics of a public stock company that make it an attractive corporate form? (Check all that apply.) -separation of ownership and control -separation of ownership and control The right to buy a company's stock at a predetermined price sometimes in the future is known as a(n) __. -executive negotiated price stock option What are the two significant issues regarding the CEO pay debate? (Check all that apply.) -the size of the CEO compensation in relation to average employee pay -the size of the CEO compensation in relation to average employee
pay The relationship between CEO pay and job performance has been shown to be __. -somewhat strong weak According to agency theory, conflicts such as the principal-agent problem are considered __ issues. -ethical legal In team-based environments, the principal may have difficulty determining individual contributions by members. This can create a situation in which an opportunistic employee does little work but takes credit. This is known as __. -independent contract adverse selection
A situation in which one party has an incentive to shirk their responsibility because the costs will fall to the other party is known as __. -a debt pendulum moral hazard A fiduciary responsibility is a(n) __. -set of incentives designed to improve employee performance legal duty to act in another party's interests The interests of inside directors on the board of directors typically align with those of __. -shareholders senior management Additional functions of a board of directors beyond general strategic oversight include __ (Check all that apply). -day-to-day operational management -ensuring that the firm's accounting practices and reports are accurate When facing an ethical dilemma, a manager should __ (Check all that apply). -consider whether the action in question conforms to the firm's code of conduct and industry practices -consider whether the action in question conforms to the firm's code of conduct and industry practices The SEC argued that by NOT disclosing the risky nature of the mortgages in the Abacus CDO, Goldman Sachs __. -violated its fiduciary duty violated its fiduciary duty Employees who work in organizations that emphasize ethical behavior __. -are more likely to act ethically are more likely to act ethically Which of the following statements are correct regarding the interests of principals and agents? (Check all that apply.) -agents may be more interested in personal goals, such as maximizing their compensation or gaining power -agents may be more interested in personal goals, such as maximizing their compensation or gaining power Corporate governance is a system of __. -checks and balances checks and balances According to agency theory, which of the following managerial functions can be used to avoid adverse selection and moral hazard? (Check all that apply.) -control -control __ is when agents are better informed than principals. -information overload information asymmetry One of the key characteristics of a leveraged buyout (LBO) is that it __. -changes the ownership structure of a company from public to private changes the ownership structure of a company from public to private A diverse board of directors is less likely to fall victim to __. -accounting scandals groupthink Under agency theory, a manager should seek to align __ between principals and agents to minimize opportunism. -disciplinary
actions incentives Sets with similar termsStrategic Management Chapter 1251 terms chris_bott2 Chapter 12 Strategic Management32 terms kt11235 Chapter 12110 terms jocelyn_cooksey21 Business Policy Chapter 1229 terms anna_jade_maddox Sets found in the same folderChapter 11.1/11.2 LearnSmart29 terms chllhul MGT 400 Chapter 563 terms summer_smith60 Chapter 1 LearnSmart34 terms chllhul Chapter 5 LearnSmart12 terms chllhul Other sets by this creatorChapter 329 terms chllhul Chapter 128 terms chllhul Chapter 10 Learnsmart28 terms chllhul Chapter 9 LearnSmart53 terms chllhul Other Quizlet setsAdolescence Test 373 terms erin_alexandra4 Mr. Apell's Literary Terms 315 terms melissa_montalbo Lecture 19: Immunodeficiencies23 terms Yannie_Lam3 Lecture 17 Exam 334 terms louis_nikolis Related questionsQUESTION "Project managers should limit the size of work teams to eight to ten members", 11 answers QUESTION The degree to which someone is able to exert influence depends on the type of authority bestowed upon the leader. 15 answers QUESTION Passage of the Balanced Budget Act brought about a number of facility closures and prompted an increased number of mergers and other affiliations. 7 answers QUESTION "A fire that ignites followers' energy and commitment, producing results above and beyond the call of duty" is used to describe which leadership characteristic? 14 answers Which of the following is a major drawback of public stock companies according to Michael Porter and others quizlet?Which of the following is a major drawback of public stock companies, according to Michael Porter and others? They prioritize financial performance over all else. The ideas of corporate social responsibility and stakeholder strategy are particularly prevalent in ______.
What are four characteristics of a public stock company that make it an attractive corporate form?The public stock company enjoys four characteristics that make it an attractive corporate form:. Limited liability for investors.. Transferability of investor ownership.. Legal personality.. Separation of legal ownership and management control.. Which of the following is the source of the principal agent problem in publicly traded companies?Which of the following is the source of the principal-agent problem in publicly traded companies? the goals of the principals and agents are not aligned with each other.
Which of the following is one of the implications of information asymmetry?Which of the following is one of the implications of information asymmetry between principals and agents? Agents can pass on the information to select principals who can trade stocks based on this information.
|