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E3 Strategic Management Questions and Answers

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Viewing questions 41-50 out of questions

Questions # 41:

CIMA has conducted research into the implications of sustainability for business. CIMA's report contained a number of key conclusions. Which of the following statements was NOT a conclusion in CIMA's report?

Options:

Strong ethical principles can add great value to a brand.

Reporting on sustainability needs to provide hard evidence of the positive impact on society.

Management Accountants have a responsibility to promote an ethics-based culture.

The ethical tone within a business must come from the bottom.

Answer

Questions # 42:

Which of the following is NOT a common barrier to group-based collaboration within Organizations?

Options:

Time

Trust

Territory

Teams

Answer

Questions # 43:

Which THREE of the following statements apply to Lynch's performance pyramid? (Choose three.)

Options:

The performance pyramid is designed to ensure that all activities support the organization's vision.

The right-hand side of the pyramid contains measures which are predominantly non-financial.

The left-hand side of the pyramid contains measures which have an external focus.

The business operating systems level includes the market-related Critical Success Factors.

The lowest level of the pyramid contains the day-to-day operational measures.

The business unit level includes measures which relate to internal systems needed to meet customers' needs.

Answer

C, D, F

Questions # 44:

Mendelow developed a matrix in which he characterised stakeholders by reference to their degree of power and level of interest.

Place the correct category against each of the classes of stakeholders.

Question # 44

Options:

Answer

Answer:

Questions # 45:

Kanter identified seven 'power skills' that change agents need to overcome apathy or resistance to change. Which of the following are power skills?

Select ALL that apply.

Options:

Ability to work independently.

Ability to collaborate effectively.

Ability to develop relationships based on trust.

Ability to keep within a budget.

Ability to work ethically and sustainably.

Ability to keep projects to a strict time-line.

Answer

A, B, C

Questions # 46:

You have applied for a job with a large accountancy practice and have been requested to attend for an interview. You have also been informed that you will be required to give a ten minute presentation on Corporate Political Activity (CPA).

Which are valid statements with respect to Corporate Political Activity?

Select ALL that apply.

Options:

The CIMA Code of Ethics does not consider it appropriate for a company to offer bribes to politicians to secure publicly-funded business.

CPA can be considered to be part of a company's strategy to generate and sustain profits.

When established laws and regulations affect a firm's competitive environment, the company will not be able to use CPA to try to influence political decision-making.

It is acceptable for a company to make an election contribution for a particular candidate and then to try to influence subsequent parliamentary voting.

Companies can establish Coalitions to respond to specific political issues, but these are always formed on a temporary basis.

Answer

A, B, D

Questions # 47:

Which of the following is a 'hard' factor according to McKinsey's '7-S' model?

Options:

Staff

Skills

Strategy

Success

Answer

Questions # 48:

A direct external change trigger is:

Options:

A general increase in the use of the Internet by society.

An economic recession in an organization's home country.

A powerful competitor forcing an organization to cut its prices.

The introduction of new environmental protection policies by the government.

Answer

Explanation

[Reference: https://books.google.com.pk/books?id=spVXv8BW-ycC&pg=PA496&lpg=PA496&dq=cima+direct+external+change+trigger&source=bl&ots=W9s2vgo5wU&sig=ACfU3U0JmMjMgOyVyUudozCuLv-KCNJKyg&hl=en&sa=X&ved=2ahUKEwidp_ajqODmAhVHx4UKHcWLCK8Q6AEwC3oECAkQAQ#v=onepage&q=cima%20direct%20external%20change%20trigger&f=false, , , ]

Questions # 49:

Company MM is wanting to build an out of town shopping complex. This will be located near a busy road which is surrounded by housing estates. MM has yet to obtain planning permission. It recognizes that unless it takes action, the local residents will object to MM's plans. As the Publicity Manager you have been asked to take over responsibility for Stakeholder Management.

Which of the following Stakeholder Management statements is NOT correct?

Options:

Organizations will have a variety of stakeholders each with differing attitudes to risk which can cause conflict.

Pressure groups have an interest in matters of public policy, but do not want to control the workings of government.

Stakeholder management is made more complicated for an Organization when individuals belong to more than one stakeholder group.

In measuring the satisfaction of stakeholder interests, Organizations should only focus on quantitative matters.

Answer

Questions # 50:

FFF manufactures and sells three consumer products. The Marketing Manager has enough funds to commission an advertising campaign for only ONE of the three products.

The Marketing Manager's criterion for allocating funds for an advertising campaign is that the product should be a "Star" according to the BCG matrix.

Question # 50