Question Details

The critical factor in the success of codes 



1. The critical factor in the success of codes of conduct is ____.
A. who wrote the document
B. giving employees the chance for feedback before the document is adopted
C. whether or not the codes become "living documents"
D. the level of precision in defining what is unacceptable behavior
2. Which of the following statements is correct?
A. Borrowing on a long-term basis and using the proceeds to retire short-term debt would improve
the current ratio and thus could be considered to be an example of "window dressing."
B. Offering discounts to customers who pay with cash rather than buy on credit and then using the
funds that come in quicker to purchase fixed assets is an example of "window dressing."
C. Using some of the firm's cash to reduce long-term debt is an example of "window dressing."
D. "Window dressing" is any action that does not improve a firm's fundamental long-run position
and thus increases its intrinsic value.
3. Other things held constant, which of the following actions would increase the amount of cash on a
company's balance sheet?
A. The company repurchases common stock.
B. The company pays a dividend.
C. The company issues new common stock.
D. The company gives customers more time to pay their bills.
E. The company purchases a new piece of equipment.
4. A firm has achieved ____ when it successfully formulates and implements a value-creating strategy.
A. strategic competitiveness
B. a permanently sustainable competitive advantage
C. substantial returns
D. legal and ethical core values
5. On the most basic level, corporate-level strategy is concerned with ____ and how to manage these
businesses.
A. whether the firm should invest in global or domestic businesses
B. what product markets and businesses the firm should be in
C. whether the portfolio of businesses should generate immediate above-average returns or should
be troubled businesses which will create above-average returns only after restructuring
D. whether to integrate backward or forward



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