Question 1

When an abstract concept takes on seemingly lifelike properties, we can refer to it as ______.
A) nom de plume
B) a priori
C) reification
D) none of these

Accepted Answer

Reification is the term used to describe when abstract concepts are personified or treated as if they have concrete, tangible existence.

Question 2

According to your textbook, which of the following became increasingly institutionalized after the new economic liberalism of the Reagan/Thatcher era of the 1980s?
A) sociology
B) political science
C) business ethics
D) cultural studies

Accepted Answer

Business ethics became increasingly institutionalized after the new economic liberalism of the Reagan/Thatcher era, with the establishment of codes of conduct, training programs, and corporate social responsibility initiatives. Sociology, political science, and cultural studies were not specifically mentioned as becoming increasingly institutionalized during this time period.

Question 3

Powell draws on Bowne's (1908) contrast between ______ and ______ theorizing.
A) liberal/fascist
B) mechanical/organic
C) abstract/concrete
D) humanistic/economic

Accepted Answer

Bowne's contrast between mechanical and organic theorizing refers to different approaches in understanding social and philosophical concepts, with mechanical being more rigid and structured, and organic being more holistic and interconnected.

Question 4

Rather than seeing markets as anonymous interactions of exchange, through which actors exercise rational choice so as to maximize their utility, the new economic sociology focuses instead on ______.
A) socially embedded structural dimensions
B) socially embedded cultural dimensions
C) socially embedded cognitive dimensions
D) all of these

Accepted Answer

The new economic sociology focuses on socially embedded dimensions that include structural, cultural, and cognitive aspects. Hence, option D, "all of these" is the correct choice.

Question 5

In order for any market to function properly, market actors must embed the market in a network structure that produces the necessary ______ among market participants for them to engage in economic exchange.
A) faith
B) beliefs
C) trust
D) stimulus

Accepted Answer

Trust is essential for any market to function properly as it enables market participants to engage in economic exchange with confidence that they will fulfill their obligations and not engage in opportunistic behavior that would harm other parties. Faith and beliefs may contribute to market participation, but they do not necessarily support the necessary level of trust among participants. Stimulus is not directly related to network structure or participant behavior in markets.

Question 6

What corporate scandal does the textbook feature to illustrate the role of moral sentiments and shared cognitive structures in contemporary strategy?
A) BP Deepwater Horizon pollution scandal
B) FIFA corruption scandal
C) Toshiba accounting scandal
D) VW emissions scandal

Accepted Answer

The textbook features the VW emissions scandal as an example of how shared cognitive structures and moral sentiments can impact contemporary strategy. The scandal involved VW installing software in diesel engines that would cheat emissions tests. This scandal highlighted the importance of corporate social responsibility and the potential consequences of prioritizing short-term profit over ethical considerations.

Question 7

What futures does your textbook see as important for future strategy?
A) digital futures
B) speculative futures
C) financial futures
D) all of these

Accepted Answer

The answer of What futures does your textbook see as...

Question 8

According to Perrey (2016), what 'must be tempered so that organizational actions do not degrade or damage the environment in ways that would inhibit future generations being able to share those same environmental resources'?
A) sustainable economic growth
B) sustainable competitive advantage
C) significant economic growth
D) all of these

Accepted Answer

Perrey (2016) emphasizes the importance of sustainable economic growth that must be tempered so that organizational actions do not degrade or damage the environment in ways that would inhibit future generations being able to share those same environmental resources. Therefore, option A is the correct answer. Option B is incorrect as Perrey does not directly mention the concept of competitive advantage. Option C is also incorrect as there is no mention of "significant" economic growth in the article.

Question 9

An example of a non-sustainable business practice is:
A) a car company that pursues short-term profits by misleading regulators and customers as to the levels of emission that its vehicles create
B) mineral exploitation that leaves the environment despoiled
C) regarding emissions and effluents as externalities that the community must bear
D) all of these

Accepted Answer

All of these options are non-sustainable business practices. A car company misleading regulators and customers about emissions is harmful to the environment and public health in the long run. Mineral exploitation that leaves the environment despoiled is unsustainable because it's non-renewable and results in environmental degradation that can't be easily remediated. Regarding emissions and effluents as externalities that the community must bear is unethical and non-sustainable because it fails to account for the true costs of production and offloads them onto the public.

Question 10

In the concept of sustainable competitive advantage (SCA), the term 'sustainable' refers to:
A) sustainability measures included in the Human Development Index (HDI)
B) the triple bottom line
C) sustainability of a strategic advantage vis-à-vis competitors
D) all of these

Accepted Answer

The term 'sustainable' in the concept of sustainable competitive advantage (SCA) refers to the sustainability of a strategic advantage in comparison to competitors. SCA is a long-term advantage that allows a company to outperform its competitors consistently over a sustained period. Therefore, the company's advantage must be sustainable to maintain its competitiveness over time. Sustainability measures included in the Human Development Index (HDI) and the triple bottom line are not directly related to the concept of SCA.

Question 11

The UN framework for Teaching and Learning for a Sustainable Future suggests that the dimensions of sustainable development should include:
A) social dimensions
B) social and ecological dimensions
C) social, ecological and economic dimensions
D) social, ecological, economic and political dimensions

Accepted Answer

The UN framework for Teaching and Learning for a Sustainable Future includes social, ecological, economic, and political dimensions as integral parts of sustainable development, recognizing the interconnectedness of these aspects in achieving a sustainable future.

Question 12

What is a weakness of Pareto type efficiency measures of sustainability?
A) intra-nationally focused
B) ignores distributional differences between nations
C) both intra-nationally focused and ignores distributional differences between nations
D) none of these

Accepted Answer

Pareto type efficiency measures only focus on maximizing overall efficiency without considering the distributional differences between nations. It also only focuses on a national level, ignoring international impacts and interdependence. Therefore, it is both intra-nationally focused and ignores distributional differences between nations.

Question 13

What model of the state does Giddens advocate to develop a more sustainable strategy for the future?
A) an assuring state
B) an interventionist state
C) an ensuring state
D) an insuring state

Accepted Answer

Giddens advocates for an "ensuring state" model, which focuses on providing basic social protections and creating partnerships between the government, private sector, and civil society to work towards sustainable development goals. This model prioritizes collaborative action and long-term planning over short-term interventions or simply insuring against risks.

Question 14

Which of the following is an essential part of sustainability, according to your textbook?
A) a carbon tax
B) a value added tax
C) a goods and services tax
D) all of these

Accepted Answer

A carbon tax is essential for sustainability as it directly addresses the reduction of carbon emissions, a key factor in combating climate change and promoting environmental sustainability.

Question 15

Perrey argued that ______ is in large part formed through ______.
A) moral action/aesthetic sensibilities
B) moral action/politics
C) moral action/economics
D) all of these

Accepted Answer

Perrey argued that moral action is in large part formed through aesthetic sensibilities, suggesting that our sense of beauty and art influences our moral decisions.

Question 16

The power of corporations to act as sovereign agents in the context of the free market jeopardizes ______ that depend on the deliberation and equivalence of powers between individuals, according to your textbook.
A) economic values
B) democratic values
C) social values
D) all of these

Accepted Answer

Democratic values rely on the balance of power between individuals and institutions. Corporate power can disrupt this balance and undermine democratic decision-making processes.

Quiz 13: Strategy Reconsidered

When an abstract concept takes on seemingly lifelike properties, we can refer to it as ______.

According to your textbook, which of the following became increasingly institutionalized after the new economic liberalism of the Reagan/Thatcher era of the 1980s?

Powell draws on Bowne's (1908) contrast between and theorizing.

Rather than seeing markets as anonymous interactions of exchange, through which actors exercise rational choice so as to maximize their utility, the new economic sociology focuses instead on ______.

In order for any market to function properly, market actors must embed the market in a network structure that produces the necessary ______ among market participants for them to engage in economic exchange.

What corporate scandal does the textbook feature to illustrate the role of moral sentiments and shared cognitive structures in contemporary strategy?

What futures does your textbook see as important for future strategy?

According to Perrey (2016) , what 'must be tempered so that organizational actions do not degrade or damage the environment in ways that would inhibit future generations being able to share those same environmental resources'?

An example of a non-sustainable business practice is:

In the concept of sustainable competitive advantage (SCA) , the term 'sustainable' refers to:

The UN framework for Teaching and Learning for a Sustainable Future suggests that the dimensions of sustainable development should include:

What is a weakness of Pareto type efficiency measures of sustainability?

What model of the state does Giddens advocate to develop a more sustainable strategy for the future?

Which of the following is an essential part of sustainability, according to your textbook?

Perrey argued that is in large part formed through .

The power of corporations to act as sovereign agents in the context of the free market jeopardizes ______ that depend on the deliberation and equivalence of powers between individuals, according to your textbook.