The act of oversight and direction for an organization is referred to as

The act of oversight and direction for an organization is referred to as 

A) corporate lawmaking.
B) centralized control.
C) organizational direction.
D) establishing norms.
E) governance.


Answer: E) governance.

All of the following are principles of good organizational governance, as established by Business Week, EXCEPT

All of the following are principles of good organizational governance, as established by Business Week, EXCEPT 

A) Each director attends at least 75 percent of all meetings.
B) The audit, compensation and nominating committees are made up solely of outside directors.
C) Each director owns a large equity stake in the company, excluding stock options.
D) At least three directors are current or former company executives.
E) The CEO is not also the Chairperson of the Board.


Answer: D) At least three directors are current or former company executives.

Today, boards of directors are composed mostly of

Today, boards of directors are composed mostly of 

A) outsiders.
B) management.
C) union members.
D) company employees.
E) company stockholders


Answer: A) outsiders.

Which tactic emphasizes that a successful outcome is more important than imposing the method of achieving it?

Which tactic emphasizes that a successful outcome is more important than imposing the method of achieving it? 

A) Generalization
B) Satisfying
C) Focus on higher-order issues
D) Equifinality
E) Specialization


Answer: D) Equifinality

What tactic involves shifting focus from specific issues to more general ones?

What tactic involves shifting focus from specific issues to more general ones? 

A) Equifinality
B) Focus on Higher-Order Issues
C) Generalization
D) Satisfying
E) None of the above


Answer: C) Generalization

________ includes the set of shared values, beliefs, attitudes, customs, norms, personalities, heroes and heroines that describe a firm.

________ includes the set of shared values, beliefs, attitudes, customs, norms, personalities, heroes and heroines that describe a firm. 

A) Strategy
B) Culture
C) Mission
D) Objectives
E) QSPM


Answer: B) Culture