All of the following are ways to encourage top managers to act in the best interests of the shareholders except: Question 2.2. (Points : 5) Board independence might evidence encourage is it, although the inconclusive Including close personal friends of the CEO on the board of directors Incentive Government compensation regulation Threat of a hostile takeover Which of the following is least likely to be a source of sustainable competitive advantage? (Points : 5) Question 6.6. A unique and valuable relationship with an important stakeholder A computer program An organization's culture An organization's reputation A well-known and respected brand In Collin's (Good to Great) leadership skills hierarchy, the skill that comes right after becoming a capable individual is: Question 7.7. (Points : 5) Becoming an organizer Becoming an effective leader Becoming a team player Becoming a transformational leader Becoming a super star What are the probable implications of a firm neglecting its knowledge and learning resources? Question 8.8. (Points : 5) It will become weaker financially Its general organizational resources will become weaker Its physical resources will become weaker Its human resources will become weaker All of the above Question 9.9. The Sarbanes-Oxley Act of 2002: (Points : 5) Provides requirements regarding independence of corporate auditors Requires that financial records be kept for at least five years Requires the CEO to personally certify the corporation's financial reports Was partially a response to large corporate scandals All of the above Question 10.10. A realized competitive advantage becomes sustainable when: (Points : 5) It is unique, valuable, and based on strong financial resources It involves all of the functional areas of the organization It is based on a resource or capability that is difficult to imitate by competitors and there is no readily available substitute It is based on the quality of the organization's products and services Board members can play important strategic roles in organizations such as providing advice to managers with regard to strategies and strategic direction. Question 11.11. (Points : 5) True False The labels a firm uses for its written statements of strategic direction are just as important as the elements they contain. Question 12.12. (Points : 5) True False Human resource management is a basic activity in the value chain. Question 13.13. (Points : 5) True False Effective training programs can be a source of competitive advantage. Question 14.14. (Points : 5) True False Agency problems occur when an agent sacrifices his or her own interests for the benefit of the organization. Question 15.15. (Points : 5) True False It has been suggested that the business definition question should include not only \"What is our business?\" but also \"What was our business?\" Question 16.16. (Points : 5) True False An organization's human resources, physical resources, financial resources, knowledge and learning resources, and general organizational resources are highly interconnected. Question 17.17. (Points : 5) True False Tacit knowledge can be communicated with precision through written means. Question 18.18. (Points : 5) True False Sustainable development is defined as growth that is sustainable because there are so many available resources that they will virtually never run out. Question 19.19. (Points : 5) True False The traditional view of leaders in organizations is that they set direction, make the important decisions, and rally the followers. Question 20.20. (Points : 5) True False