Which of the following is an implication for the strategist in the context of corporate governance and a company's success?
A. Effective corporate governance and solid business ethics are critical to gaining and sustaining competitive advantage.
B. Leading by ethical example often has a lesser effect on employee behavior than words do.
C. A firm that restricts its responsiveness to stockholders (and no other stakeholders) and keeps them committed to its vision will be successful.
D. Very few corporate-governance mechanisms can be effective in addressing the principal-agent problem.
Answer: A
You might also like to view...
Which of the following flexible work arrangements involves giving employees the freedom to select their working hours within certain hours?
a. flextime b. compressed work week c. swing shifts d. job sharing
What are the different types and sources of information that are available?
What will be an ideal response?
The example of goats in the tree-tops in Southwest Morocco could be perceived as the practice of:
a. an authentic experience b. staged authenticity c. unstaged authenticity d. sustainable tourism
For firm XYZ in the previous problem, suppose the firm's business risk is defined in terms of (ROA), and (ROA)=19%. Assuming that the debt is default-free, compute (ROE)
(ROE) a. 19.000% b. 24.325% c. 30.875% d. 49.400% FORMULA: (ROE)= (ROA)[TA/BEQ]