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Questions # 61:

Which of the following structures would you recommend for the Board of Directors of a UK public company in order to fulfill its legal responsibilities?

Options:

A.

The Board of Directors should have a minimum of six directors with the Board's tasks divided amongst them. The Board should also have a Chairman or Chairwoman who may serve as the Chief Executive if time permits.

B.

The Board should have no more than six members with clearly defined executive and non-executive responsibilities. To make the role more efficient Chairman or Chairwoman of the Board should also be the Chief Executive.

C.

There should be no restriction placed on the minimum or maximum number of Directors. The Directors' roles should be shared but the Chairman or Chairwoman should not act also as the Chief Executive.

D.

The Chairman or Chairwoman should not have an executive role within the company. There should be at least two directors to carry out the Board's roles.

Questions # 62:

Which of the following statements is NOT a role for Management Accountants involved in the strategy development process?

Options:

A.

Consider and raise awareness of the ethical impact of proposed strategic decisions.

B.

Integration of financial and non-financial information.

C.

Writing the Annual Report.

D.

Assist the Board in determining risk appetite.

Questions # 63:

Johnson, Scholes and Whittington suggest that Acceptability is an important consideration when evaluating potential alternative investment strategies.

 

Which of the following statements relate to Acceptability?

Select ALL that apply.

Options:

A.

It considers the current position of the Organization.

B.

It considers expected performance outcomes.

C.

It considers cultural changes required. 

D.

It considers the extent to which risk versus return meets expectations of shareholders. 

E.

Acceptability should be assessed first before feasibility or suitability.

Questions # 64:

The Chief Executive Officer (CEO) of Company Y has recently attended a series of presentations on the six key roles that the World Economic Forum (WEF) recommend organisations fulfil in order to succeed in the digital age.

The CEO is particularly interested in changing the focus of Y from a five year, to a one year planning cycle, with more focus on experimentation and less focus on long-term planning.

Which of the six roles suggested by the WEF is the CEO particularly interested in?

Options:

A.

Strategic planner

B.

Driver of information-based business models

C.

Operational excellence driver

D.

Innovation promoter

Questions # 65:

McKinsey's '7-S' model can provide companies with a useful insight into some of the issues experienced as part of a change initiative within a company.

 

Which THREE of the following are identified as SOFT elements within McKinsey's '7-S' model?

Options:

A.

Strategy

B.

Style

C.

Sentiment

D.

Staff

E.

Skills

F.

Sustainability

Questions # 66:

Johnson. Scholes and Whittington described three criteria. 'Suitability, Feasibility and Acceptability' to evaluate potential strategies. Which of the following statements relate to the three criteria? Select ALL that apply.

Options:

A.

Concerned with the expected performance outcome.

B.

Concerned with whether the strategy addresses the circumstances in which an organisation is operating.

C.

Concerned with the ability of the business to renew itself.

D.

Concerned with the latest reported results

E.

Concerned with whether the strategy could be made to work in practice.

Questions # 67:

Rosabeth Kanter suggested that Organizations which managed change successfully ('change adept' Organizations) share three key attributes.

 

Which THREE of the following are the key attributes of change adept Organizations, suggested by Kanter?

Options:

A.

Openness to collaborate

B.

Tuning into the environment

C.

Building coalitions

D.

Imagination to innovate

E.

Professionalism to perform

Questions # 68:

JKL Plc manufactures and sells a range of consumer electronic products. it is organised into four strategic business units (SBU's), each responsible for a specific business segment. 

  Question # 68

Which business segment would benefit most from a Build strategy?

Options:

A.

Personal Computer

B.

Tablet

C.

Smartphone

D.

Personal Music Player

Questions # 69:

Select the ethical principle which is most likely to be challenged in each of the following situations.

Question # 69

Options:

Questions # 70:

You have been asked to advise a junior member of your team what qualities they should look for when identifying a coach or mentor to work with.

Place the qualities associated with effective coaching and mentoring next to the relevant statements below.

Question # 70

Options:

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