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Futures of Strategic Management MCQ

Research by Davis and Mishel showed that CEO compensation (inflation-adjusted) increased by what percentage between 1978 and 2013?

37%

337%

637%

937%

Answer

Correct Answer: 937%

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The upshot of the political and economic changes that occurred from 1980 onwards was a significant shift in the ________ share of the economy.

Wages/profit

Corporate/non-profit

Dynamic/static

Market/non-market

Answer

Correct Answer: Wages/profit

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The number of American companies listed on the stock market dropped by what percentage between 1996 and 2012?

25%

10%

50%

Answer

Correct Answer: 50%

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The antithesis of Keynesianism is _______________.

Neo-economic liberalism

Marxist economics

Autarchy

None of the above

Answer

Correct Answer: Neo-economic liberalism

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According to your textbook, strategy is an essential part of any serious senior managers’ ___________.

Tool box

Locker

Lunch box

Repertoire

Answer

Correct Answer: Repertoire

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Your textbook says of the ‘patchwork quilt’ of strategy theories that they are ____________.

Devices that help induce empirical states of affairs that correspond to their theoretical objects

Rational accounts that correspond to objective realities

Too abstract to be of much practical use

All of the above

Answer

Correct Answer: Devices that help induce empirical states of affairs that correspond to their theoretical objects

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Jensen and Meckling made what theory popular in corporate circles?

Contingency theory

Agency theory

Social theory

None of the above

Answer

Correct Answer: Agency theory

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What was the name of the first strategy journal?

Strategic Organization

Organization Studies

Monthly Planning Review

Long Range Planning

Answer

Correct Answer: Long Range Planning

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Adam Smith saw the theory of _____________ as central to the study of economy and society.

Pricing goods

Transaction efficiency

Moral sentiments

Custom and practice

Answer

Correct Answer: Moral sentiments

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Economic neo-liberalism sees _____________ as the defining characteristic of human relations.

Competition

Monopoly

Price-fixing

All of the above

Answer

Correct Answer: Competition

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