Ethics Quiz:

Due to their use of financial reports, managers seldom have trouble determining that something is going wrong in their organization.

True

False

Financial reports such as the income statement are so popular because they provide the best method to evaluate a company's past performance and as well as its ability to perform in the future.

True

False

Hamel and Prahalad have developed a model that can help managers assess how and when they should expand beyond their current market or industry. They find that it is useful to view a company as

portfolio of resources.

portfolio of situational advantages.

portfolio of strategies.

portfolio of core competencies.

portfolio of strategic intent.

The Balanced Score Card enables a company to

Seek employee feedback on their performance

Consider the impact of financial performance

Set better financial goals for the next quarter

Align itself better with its competition

Adopt a more holistic approach to firm performance