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Viewing questions 51-60 out of questions
Questions # 51:

You have been given responsibility, as a newly qualified management accountant, for delivering an ambitious project to centralize and computerize the accounts function within a medium-sized, geographically dispersed business. The timetable also requires the project to be delivered within a very short timescale with limited resources. You have built a team to deal with these proposed changes.

With regard to effective teams and change, which THREE of the following statements are correct? (Choose three.)

Options:

A.

Teams that cross departmental boundaries can destroy shared values.

B.

Teams play minor roles in institutional change.

C.

Individuals must become more than they were when working alone and must develop new commitments and behaviors.

D.

Teams should continue after their purpose has been served.

E.

Teams that cross departmental boundaries can develop new performance criteria.

F.

Teams enhance learning and address change directly through creating recommendations and new ideas.

Questions # 52:

EF manufactures and sells cars in Country X. Which of the following would improve its profitability?

Options:

A.

Withdrawal of one of EF's major competitors from selling cars to motorists in Country X.

B.

Introduction of legislation in Country X requiring improvements to the pay and conditions of the workers in car factories. 

C.

Adoption of free trade principles by the government of Country X, resulting in the removal of tariffs on imported cars.

D.

An increase in the sales tax levied by the government of Country X on the sale of new cars.

Questions # 53:

PPP is a company that designs and markets attractive handsets, tablets, and laptop PCs globally. Its brand is one of the top ten global brands. PPP uses external companies to manufacture its products.

 

The recently appointed CEO of PPP presented the company's strategy to a meeting of investors and journalists.

 

The CEO referred to public concerns about its past ways of doing business. He stated that PPP was actively seeking to address concerns about exploitation of workers in the factories of its suppliers. He said that PPP is also establishing a system to recycle or refurbish its products to avoid hazardous materials leaking into the environment and to give recycled products free of charge to people in poorer countries who cannot afford to buy them.

 

One investor asked the CEO to confirm whether this strategy would improve the profits of PPP in the present financial year. The CEO replied that it would not but that the strategy was essential to protect the future of the PPP brand. The investor was unhappy with this response from the CEO of PPP.

 

Which of the following statements reflects BOTH the CEO's and investor's stances on Corporate Social Responsibility (CSR) expressed at the meeting?

Options:

A.

The CEO is taking a long-term shareholder interest stance. The investor is taking a short-term shareholder interest stance.

B.

The CEO is taking a multiple stakeholder stance. The investor is taking a longer-term shareholder interest stance.

C.

The CEO is taking multiple stakeholder obligation stance. The investor is taking a multiple stakeholder obligation stance.

D.

The CEO is taking a shaper of society stance. The investor is taking a longer-term shareholder interest stance.

Questions # 54:

UUU is a long established international airline. Which of the following represent Threats to UUU's business?

 

Select ALL that apply.

Options:

A.

A sudden increase in international terrorism.

B.

A shortage of trained pilots in UUU.

C.

A substantial rise in the price of oil.

D.

A higher level of private car ownership.

E.

Greater popularity of long-haul holidays.

Questions # 55:

E is a company run by a well balanced Board of Directors. E is performing well, but is looking to reduce costs in the current year Which of the following activities would lack integrity'' Select ALL that apply.

Options:

A.

Telling potential customers that E's nearest competitor is in financial trouble when it is not.

B.

Hiring the grandaughter of the CEO on E's graduate recruitment scheme following an extensive interviewing process.

C.

Attempting to obtain a refund on items supplied by supplier S, on the false basis that the goods were damaged.

D.

Allowing customer H to be supplied with a slightly sub-standard product for a small agreed discount

E.

Reducing waste and inefficiencies across the company as appropriate.

Questions # 56:

Company PP is a large UK retail company.

 

In the past it has focused primarily on using financial performance measures. However, PP then realised that this was leading to short-term decision-making on investment in easily valued assets and under investment in assets such as employee skills and customer satisfaction, where short-term returns are more difficult to measure.

 

It has therefore adopted the Balanced Scorecard approach. PP is now considering enhancing it's approach by using Kaplan and Norton's Strategic Mapping model, as this will enable it to establish its priorities and manage stakeholder expectations.

 

Which of the following statements would be regarded as improvements by using Strategic Mapping.

 

Select ALL that apply. 

Options:

A.

It will help to identify and prioritise how external processes would support PP's strategies.

B.

It will help PP establish the overriding objective of the Organization.

C.

It will help PP to identify and clarify customer-orientated strategies that support the overall business strategy.

D.

It will help inform which strategies, in each of the Balanced Scorecard perspectives, support improved performance.

E.

It will help PP to evaluate the operational and financial performance of the business.

Questions # 57:

'Big data' refers to datasets whose size is outside the ability of typical database software tools to capture, store, manage and analyze.

Which of the following statements is NOT a valid statement with regard to 'big data'?

Options:

A.

'Big data' will require the right infrastructure, incentives and safeguards to address public concerns.

B.

As technology advances overtime, the size of datasets that qualify as 'big data' will also increase.

C.

The definition of 'big data' can vary by sector, depending on the software tools and dataset sizes common to a particular industry.

D.

Sufficient analytical and managerial talent is available to exploit the opportunities associated with 'big data'.

Questions # 58:

PQR is evaluating the use of scenario planning to improve its organisational foresight.

Which THREE of the following are advantages of scenario planning?

Options:

A.

Scenario planning will improve external relations with investors.

B.

Scenario planning will encourage creative thinking

C.

Scenario planning will encourage communication via participation.

D.

Scenario planning will focus PQR's management attention on the future

E.

Scenario planning will reduce strategy formulation costs.

F.

Scenario planning will eliminate unsystematic risk.

Questions # 59:

Which THREE of the following statements are correct in relation to the use of the Performance Pyramid?

Options:

A.

One of the aspects of the pyramid is Stakeholders.

B.

It derives from the idea that an Organization operates at different levels.

C.

The productivity aspect refers to the management of output at the business operating systems level of the Organization.

D.

It highlights the links running between the company's corporate vision and its functional objectives.

E.

The pyramid includes a specific cost aspect which considers the cost figures in the management accounts.

Questions # 60:

An insurer, JJJ, uses its Internet capabilities to promote and sell car and home insurance products. Although JJJ is supported by an 'in-house' call centre located in its home country, it has decided to outsource this activity to an overseas call centre.

 

There are a number of benefits to the company by undertaking this strategy, including that it can charge more competitive premiums to its customers and also increase its profits. However this change will mean that 75 call centre staff in the home country will be made redundant.

 

You have been appointed as the Change Leader and have been asked to prepare a report that includes details on how this change can be communicated.

 

Which THREE of the following statements are valid regarding JJJ's proposed changes and the related staff communications?

Options:

A.

When undertaking change,  communication is of great importance.

B.

The Change Leader should keep staff informed but should only communicate information when all the detail has been finalised.

C.

It is important that the Change Leader selects a communication channel which is appropriate to the message being delivered and its target audience.

D.

Momentum for change can be created by putting simple but highly visible improvements in place.

E.

A disadvantage of adaptive change is that it increases the level of resistance that a company can encounter when trying to implement change.

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