12) Most strategic control systems include which of the following in order to monitor and control major financial expenditures? A) a vision statement B) a mission statement C) a budget D) a SWOT analysis E) a handbook Answer: 13) Values in business and in life are the rules that govern people's behavior and identify the "goods that are worth seeking, producing and selling.. True or False 14) What does the Sarbanes-Oxley Act require of companies? A) to choose more independent boards of directors B) to use a looser set of accounting rules C) to keep two sets of books, one public and one private D) to require someone other than managers sign off on financial results E) to pay executives large annual bonuses Answer: 15) The ethical climate of an organization refers to A) the requirement that companies adhere strictly to accounting rules and the law. B) decisions based on generating the highest rewards for stockholders C) ethical behavior that is based on the opinions and behaviors of relevant other people. D) the processes by which decisions are evaluated and made on the basis of right and wrong, E) an ethical system stating that the greatest good for the greatest number should be the overriding concern of decision makers. Answer: 16) Which of the following is a danger sign that organizations may be allowing or even encouraging unethical behavior? A) excessive emphasis over long-term consideration over short-term revenues B) failure to establish a written code of ethics C) an informal corporate structure D) flexible timings that allow employees to choose their hours of work E) multiple levels of supervision and monitoring Answer: 17) Companies both large and small now view the world, rather than a single country, as their marketplace. True or False 18) Strong pressures for local responsiveness emerge when A) consumer tastes and preferences differ significantly B) competitive pressures to reduce costs are high. C) traditional practices among countries are similar. D) competitors engage in global strategic coordination. E) sales practices are uniform from country to country