Strategy Reconsidered Full Test Bank Clegg Chapter 13 - Complete Test Bank | Strategy Theory and Practice 3e by Clegg by Stewart R Clegg. DOCX document preview.
Test Bank
Chapter 13: Strategy reconsidered
Below are a number of multiple choice questions relevant to this chapter. There are two to three variations on the same questions. Each question has four options; the correct answer is written in the final column. Some questions are very simple, while others are much more difficult; this should be taken into account when setting quizzes or exams.
Example of possible instruction to students:
For each of the following questions, read each question carefully and then choose the answer you believe is most correct:
Question and options | # | Ans. |
Economic neo-liberalism sees ______ as the defining characteristic of human relations. a. competition b. monopoly c. price-fixing d. all of these | 1 | |
Adam Smith saw the theory of ______ as central to the study of economy and society. a. pricing goods b. transaction efficiency c. moral sentiments d. custom and practice | 2 | |
What was the name of the first strategy journal? a. strategic organization b. organization studies c. monthly planning review d. long range planning | 3 | |
Jensen and Meckling made what theory popular in corporate circles? a. contingency theory b. agency theory c. social theory d. none of these | 4 | |
Your textbook says of the ‘patchwork quilt’ of strategy theories that they are ______. a. devices that help induce empirical states of affairs that correspond to their theoretical objects b. rational accounts that correspond to objective realities c. too abstract to be of much practical use d. all of these | 5 | |
According to your textbook, strategy is an essential part of any serious senior managers’ ______. a. tool box b. locker c. lunch box d. repertoire | 6 | |
The antithesis of Keynesianism is ______. a. neo-economic liberalism b. Marxist economics c. autarchy d. none of the above | 7 | |
The number of American companies listed on the stock market dropped by what percentage between 1996 and 2012? a. 25% b. 10% c. 50% d. 5% | 8 | |
The upshot of the political and economic changes that occurred from 1980 onwards was a significant shift in the ______ share of the economy. a. wages/profit b. corporate/non-profit c. dynamic/static d. market/non-market | 9 | |
Research by Davis and Mishel showed that CEO compensation (inflation-adjusted) increased by what percentage between 1978 and 2013? a. 37% b. 337% c. 637% d. 937% | 10 | |
Research by Davis and Mishel showed that the average worker’s compensation (inflation-adjusted) increased by what percentage between 1978 and 2013? a. 10.2% b. 52% c. 102% d. 502% | 11 | |
In 2014, the richest 1% of people in the world owned what percentage of global wealth? a. 10% b. 22% c. 36% d. 48% | 12 | |
According to 2015 data, how many people own as much as the poorest half of the world’s population? a. 1,000,000 b. 100,000 c. 587 d. 62 | 13 | |
The practice of billing costs from an entity in a higher tax regime to an entity in a lower tax regime is called: a. transfer pricing b. arbitrage c. tax evasion d. none of these | 14 | |
What do Chakravarty and Downing argue created and sustained ‘the reckless and myopic culture of risk and unhinged speculation associated with global financial markets’ associated with the Global Financial Crisis? a. digital technologies b. management consultancy firms c. accountants d. regulators | 15 | |
______ and ______ were two early theorists of the contemporary capitalist crisis. a. Phil Everly, Don Everly b. John Donne, A.E. Houseman c. Jurgen Habermas, James O’Connor d. Bent Flybvjerg, Lars von Trier | 15 | |
According to O’Connor, the state in a capitalist society exhibits contradictions in trying to fulfil which two roles? a. supporting capital accumulation and the legitimization of capitalist society b. balancing stakeholder and shareholder value c. ensuring democracy and responding to lobbyists d. maintaining social welfare and raising tax income | 16 | |
According to O’Connor, the ‘structural gap’ refers to: a. The gap in tax revenue between geographic regions b. the gap in tax revenue between high-income and low-income individuals c. the gap in tax revenue between large and small firms d. the gap between the demands for state activity and the state’s ability to raise revenue to pay for these demands | 17 | |
Financialization means: a. the processes through which the performance of financial capital becomes the key measure of economic worth in the corporate world and civil society more generally b. a highly indebted situation in the economy due to the burden of national debt c. becoming a cash-rich and high net-worth individual d. none of these | 18 | |
As well as The Wealth of Nations, Adam Smith also wrote a book called ______. a. The Birth of the State b. The Birth of Financial Capitalism c. The Theory of the Firm d. The Theory of Moral Sentiments | 19 | |
When an abstract concept takes on seemingly lifelike properties, we can refer to it as ______. a. nom de plume b. a priori c. reification d. none of these | 20 | |
According to your textbook, which of the following became increasingly institutionalized after the new economic liberalism of the Reagan/Thatcher era of the 1980s? a. sociology b. political science c. business ethics d. cultural studies | 21 | |
Powell draws on Bowne’s (1908) contrast between ______ and ______ theorizing. a. liberal/fascist b. mechanical/organic c. abstract/concrete d. humanistic/economic | 22 | |
Rather than seeing markets as anonymous interactions of exchange, through which actors exercise rational choice so as to maximize their utility, the new economic sociology focuses instead on ______. a. socially embedded structural dimensions b. socially embedded cultural dimensions c. socially embedded cognitive dimensions d. all of these | 23 | |
In order for any market to function properly, market actors must embed the market in a network structure that produces the necessary ______ among market participants for them to engage in economic exchange. a. faith b. beliefs c. trust d. stimulus | 24 | |
What corporate scandal does the textbook feature to illustrate the role of moral sentiments and shared cognitive structures in contemporary strategy? a. BP Deepwater Horizon pollution scandal b. FIFA corruption scandal c. Toshiba accounting scandal d. VW emissions scandal | 25 | |
What futures does your textbook see as important for future strategy? a. digital futures b. speculative futures c. financial futures d. all of these | 26 | |
How does the World Commission on Environment and Development define sustainability? a. having a ‘triple bottom line’ b. meeting the needs of the present without compromising the ability of future generations to meet their own needs c. doing no harm, leaving no trace d. adding value to the environment | 27 | |
According to Perrey (2016), what ‘must be tempered so that organizational actions do not degrade or damage the environment in ways that would inhibit future generations being able to share those same environmental resources’? a. sustainable economic growth b. sustainable competitive advantage c. significant economic growth d. all of these | 28 | |
An example of a non-sustainable business practice is: a. a car company that pursues short-term profits by misleading regulators and customers as to the levels of emission that its vehicles create b. mineral exploitation that leaves the environment despoiled c. regarding emissions and effluents as externalities that the community must bear d. all of these | 29 | |
In the concept of sustainable competitive advantage (SCA), the term ‘sustainable’ refers to: a. sustainability measures included in the Human Development Index (HDI) b. the triple bottom line c. sustainability of a strategic advantage vis-à-vis competitors d. all of these | 30 | |
The UN framework for Teaching and Learning for a Sustainable Future suggests that the dimensions of sustainable development should include: a. social dimensions b. social and ecological dimensions c. social, ecological and economic dimensions d. social, ecological, economic and political dimensions | 31 | |
What is a weakness of Pareto type efficiency measures of sustainability? a. intra-nationally focused b. ignores distributional differences between nations c. both intra-nationally focused and ignores distributional differences between nations d. none of these | 32 | |
What model of the state does Giddens advocate to develop a more sustainable strategy for the future? a. an assuring state b. an interventionist state c. an ensuring state d. an insuring state | 33 | |
Which of the following is an essential part of sustainability, according to your textbook? a. a carbon tax b. a value added tax c. a goods and services tax d. all of these | 34 | |
Perrey argued that ______ is in large part formed through ______. a. moral action/aesthetic sensibilities b. moral action/politics c. moral action/economics d. all of these | 35 | |
The power of corporations to act as sovereign agents in the context of the free market jeopardizes ______ that depend on the deliberation and equivalence of powers between individuals, according to your textbook. a. economic values b. democratic values c. social values d. all of these | 36 |
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Complete Test Bank | Strategy Theory and Practice 3e by Clegg
By Stewart R Clegg