DRAG DROP
LMN is a fast food manufacturer that makes 'Ready-meals'.
Place the appropriate stage of the Value Chain against each of the activities below:
Select and Place:
Which of the following categorizations would be correct, according to McFarlan's Strategic Grid, for a system which is critical to sustaining existing business but its future strategic importance is considered to be low?
A. Turnaround
B. Support
C. Strategic
D. Factory
M is a car manufacturer in Country C. Every day, at 09.00, members of M's staff practice meditation and Tai Chi for 30 minutes, before their normal workday commences.
M's staff are paid during this time and M considers the practice to be a benefit both to staff and the company. Staff operate with high levels of efficiency and absenteeism levels are low.
The auditors of M have recommended that M stop these sessions, stating that they consider them to be a waste of time and a drain on resources.
Which of the following aspects of M's culture would the auditors recommendation impact on?
A. Stories and myths
B. The organizational paradigm and values
C. Routines and rituals
D. Symbols
SSS University wishes to introduce a new Car Park Management Strategy (CPMS). The aim of this strategy is to reduce the use of private cars and to encourage sustainable transport, such as cycling and public transport, by staff and
students. SSS has decided to reduce the number of car parking spaces and introduce parking charges.
The Management Accountant has decided to use the Balanced Scorecard to help prepare a performance management system to assess the performance of the new CPMS.
Which of the following is an example of the Innovation and Learning perspective of a Balanced Scorecard for SSS?
A. Easy access to car parking spaces.
B. Number of days of training for car park attendants.
C. Reduction in complaints from customers.
D. Speed of processing the payment for parking charges.
DDD is a business which sells entertainment products and now wants to move to a position where it uses e-business as a fundamental part of its business strategy. Which of the following benefits would result from DDD's use of e-business? (Choose all that apply.)
A. Cost reductions because of lower overheads and cheaper procurement.
B. Better control of information through monitoring website activity.
C. Easier access to loan finance.
D. An increased use of tacit knowledge.
E. A reduction in labour turnover and higher morale.
F. Increased online revenues.
Which THREE of the following issues relate to the Corporate Strategy of an organization? (Choose three.)
A. Entering new industries.
B. Avoiding competitive disadvantages.
C. Achieving advantage over competitors.
D. Meeting the needs of key customers.
E. Leaving existing industries.
F. Acquisitions, disposals and diversification.
SDC is a medium sized IT systems development company. SDC employs highly qualified and experienced systems development experts. It invests heavily in staff training and development and as a result, staff are highly motivated and staff turnover is low. SDC has a strong culture of team work and innovation, which the senior managers believe is the basis of SDC's success. The senior managers, who are also the founders of SDC, are highly experienced and have a strong vision for the business.
Which THREE of the following factors would be the main focus of a resource audit for SDC? (Choose three.)
A. Make-up
B. Markets
C. Manpower
D. Machinery
E. Management
F. Money
Which of the following statements is NOT a role for Management Accountants involved in the strategy development process?
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.
An organization must acquire suitable hardware and software in order to implement a knowledge management strategy so that knowledge can be stored and communicated.
Which of the following would be appropriate systems to use in a knowledge management strategy? (Choose all that apply.)
A. Intranet
B. Local area network
C. Social media
D. Ledgers and journals
E. Internet
F. Groupware
Which of the following would be correct considerations when evaluating the Feasibility of a strategy? (Choose all that apply.)
A. Will there be sufficient time to implement the strategy?
B. Will the strategy exploit the core competencies of the business?
C. Will the strategy maintain competitive advantage?
D. Will customers object to the strategy?
E. Will the business be able to deal with the responses of its competitors to the strategy?
