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XY Company is a manufacturing company making a variety of products for sale in different markets. Which of the following is the most likely organisational structure that such a company will adopt?
Which of the following statements is correct in relation to a tall organisation?
The finance function has an important role in the management of performance and the achievement of the organization’s plans and budgets.
Which of the key roles of the finance function does this best describe?
Which of the following statements regarding shamrock organisations are true?
1:Shamrock organisations typically comprise four discrete components.
2:The core group of executives are often supported by external contractors and part-time staff.
3:One of the main characteristics of a shamrock organisation is its flexibility.
Which of the following technologies is described as a decentralised, distributed and public digital ledger that is used to record transactions across many computers?
Simone is a management accountant at a jewellers called ShinyShiny. She is currently conducting operational reporting for them.
Which of the following will Simone not discover during her operational reporting?
Select ALL that apply.
Company E is renewing the IS within the organisation. This new system will enable all employees to access customer information, orders and credit control status to overcome the lack of integration between departments suffered with the previous system. Managers envisage some resistance to the change and want to try to make the transition as smooth as possible. To achieve this, all employees have been invited to share their ideas of what features the new system should include and how they would like the final interface to work. Which of Kotter, Schlesinger and Sache's methods of dealing with resistance is described above?
A main stakeholder of the finance function would typically provide feedback on the clarity and value of information used: in order to make better strategic decisions.
Which of the following would give this feedback?
Which TWO of the following are the responsibility of the Chief Financial Officer (CFO) in achieving the desired organisational impact?
DPC is a home appliance online retailer keen to utilise data and connectivity in its operations
The company has recently introduced a live tracking system of all deliveries to its customers via its website
Which of the following will be the man benefit to DPC?
Which one of the following structures primarily suits a nationwide business with three product lines; for example, soup, condiments and baby food?
Barry has heard that the government is planning to tighten environmental regulations. He doesn't like the sound of this, as even though some businesses won't be affected that much, he will have to end up paying a lot
more to run his business.
Which of the following options would be most effective in preventing the government from imposing such regulation?
Select ALL that apply.
Which THREE of the following are characteristics of undifferentiated marketing?
Appraisal systems involve the collection of feedback on an individual's performance from a range of sources. Which of the following sources apply to 180-degree appraisal?
Select THREE sources that apply.
An effective Corporate Social Responsibility (CSR) strategy can offer which of the following benefits to an organisation.
Select ALL that apply.
Which of the following is the main reason for the growing demand for Big Data by organisations?
Continued improvements in Information Technology have encouraged organisations to use IT increasingly to assist in their development. Which of the following is such an improvement in IT?
K manages the finance function of a cable manufacturing business In order to cope with an increasingly diverse workload K needs human resources to recruit someone with a digital mindset
Which THREE of the following individual charactenstics should K emphasise to human resources as important in finding the right candidate?
Organisation X is 6 months into an overhaul in its supply chain management and production process.
The organisation aims to prevent errors before they occur, demands participation by all, including customers and suppliers, and the structure is driven by the entire Board of Directors. Which method of management has Organisation X adopted?
X Company has several distinctive corporate social responsibility stances including a concentration on the triple bottom line, being proactive, and treating stakeholders as partners. According to Johnson, Whittington and Schools' categorization which of the following stances would best fit X?
The finance function of IKR currently work on a quarterly reporting cycle to the board of directors
Data is collated and presented to the relevant departments and business units for decision making purposes
This often results in questions from the various functional department heads.
Which of the following is the next step in the information to impact framework?
One of the characteristics of Big Data is velocity. Which of the following most accurately defines what this means?
Vladimir is the managing director of a IT repair business called Screenhax. The company has been operating for 10 years and has around 60 members of staff.
Donald, one of Vladimir employees, committed the act of 'skimming".
What did Donald do?
Accountants and finance professionals in the future will see the basic routine transactional work reduce with a shift to higher level skills
Which of the following best describes business acumen?
It is important to assess the contribution made by the finance function. If a balanced scorecard approach is used, which of the following categories would utilise the measure of staff turnover?
Which of the following gives the correct combination of valid stages in the HR cycle?
Company P has revised its corporate and marketing objectives following a recent expansion in the primary market within which it operates. The next step is to devise an appropriate marketing strategy. Company P has conducted primary and secondary market research and this information is in the process of being analysed to establish the needs of the subjects. At which stage of the marketing strategy process is Company P?
JKL is an online marketing agency and is currently developing its systems to improve efficiency in storing and retrieving data
P works in the finance function and is currently assisting the development of a technical map of rules and data structures to enable the data to be stored effectively in JKL's new databases.
At what level of the data modelling process is P working on?
Which of the following best describes the concept of corporate digital responsibility?
One of the finance function's main stakeholders provides feedback on customer responses and reviews about the organisation's products and services. Which of the following will provide this feedback?
Which of the following is an advantage of a functional organisational structure?
The following statements are from which section of the UK Combined Code?
1:The board should disclose a balanced and understandable assessment of the company's position and prospects in the financial reports.
2:The board should maintain an appropriate relationship with the company's external auditor.
Dismissal is a drastic form of disciplinary action. Which THREE of the following examples would constitute fair dismissal?
Company Q has several layers of management. The Chief Executive Officer (CEO) wishes to remove some of these layers to streamline the organisation and increase efficiencies. The initial plan is for third party contractors to take over support activities. What change in the organisation is the CEO making?
JNN Company, an engineering business, is seeking a bank loan to invest in the product expansion of a new device which dramatically reduces pollution from road vehicles.
Sales have seen a rapid increase and other organisations have also developed similar products.
In order to successfully obtain the loan, the bank requires a report of quantitative information regarding the new device
Which of the following is most likely to satisfy the bank's requirements to supply the required loan?
Human Resource Management (HRM) and Personnel are different.
Which of the following is NOT a characteristic of Human Resource Management (HRM)?
Company M has been dealing with Supplier Q for many years. The Procurement Department has a very professional relationship with the supplier and it has recently started using electronic data interchange to place orders directly and on a much more frequent basis to assist production. A large part of the interaction with the supplier is now around price negotiation. According to Reck and Long's strategic positioning tool, which stage is Company M at with Supplier Q?
The marketing environment includes political, economic, social, technological, ecological and legal factors affecting marketing (PESTEL). Select THREE examples of economic factors.
M is employed by an organisation that operates a chain of high street coffee shops. She has made a decision to purchase a failing cake shop in order to take it over and expand the presence of the organisation in the local area. According to Mintzberg, which part of the organisation does M belong to?
Which of the following is an example of sustainability impacting operations management?
Company S is a busy vehicle part manufacturer specialising in commercial vans and lorries. The company takes as many as nine deliveries of raw materials every day and these items are entered into the electronic inventory system upon arrival. When an item of inventory is taken from stores this is also updated electronically. Which inventory control system would be best utilised within Company S?
Which one of the following is NOT part of the role of Human Resource Management?
The coherent approach for organising, governing, analysing and deploying an organisations' information assets' Which of the following does the above statement describe?
Which of the following is a disadvantage of using the internet, (E-marketing), to sell products?
Which of the following is NOT an advantage of remote working for an organisation?
Which type of organisation is owned by its customers, strictly speaking is a not-for-profit organisation and is in the private sector?
Company V has made the decision to operate using Six Sigma in order to manage the supply chain within the production process. What process below is the method used to continually monitor and chart a process while it is operating?
A company is expanding its baby clothing product range to include all items for infants, for example feeding and bathing equipment. As this is a new venture for the company, the Board of Directors has agreed that market research is a necessary exercise, but it is undecided as to which is the most efficient and effective method. Which of the following methods of research would be most appropriate?
LFN is a tuition provider
The finance function has recently migrated all accounting systems onto cloud software which is expected to considerably streamline the existing systems.
The Managing Director is keen to promote the benefits of the new software in terms of increased accuracy of reporting and availability of real time management information.
However, the Finance Director has concerns and is feeling pressured to keep quiet about the ability of the technology to achieve all that is expected
Which of the following ethical principles is highlighted within LFN?
Which of the following is a reason why businesses need to prepare statutory reports?
An organisation owned by its customers, generally not-for-profit and in the private sector, is commonly known as which one of the following?
Which of the following sources of data will have limited usefulness to finance professionals?
Which of the following would be a useful KPI to highlight increasing recruitment costs?
For a business to successfully use big data in its organisation, the development of a digital mindset needs to be in-line with which of the following?
An organisation has grown in size over the last 6 months and it wishes to improve communication with its employees. Examples of information to share include company policies, human resource information and notices to employees.
Which type of system should the company adopt?
M works for an organisation that adopts the principle of a total reward package for high achieving employees. The organsiation recognises that there are more things to motivate staff than cash remuneration alone. M is striving for promotion and has been promised a company car and prominent car parking space at the front of the office if he achieves it. Which of Maslow's needs is being identified in the scenario above?
Y Company is an online retailer of sportswear. It has software that monitors customers' search history.
On a weekly basis, the software automatically generates emails that are sent to specific customers offering special offers based on the items that the customer searched for, but didn't purchase, during the previous week.
Which of the following areas of marketing is this process assisting?
XYT company is planning to update its IT and have asked the finance function to assist by establishing suitable key performance indicators (KP1). Which of the following is an example of a suitable KPI for strategic activities'?
Which of the following is a feature associated with personnel management rather than the more modern concept of human resource management?
A cut-flower production business has peaks of demand around special days in the year that celebrate religious festivals. Which of the Four Vs of operations is being described in the above scenario?
A PESTEL analysis (political, economic, social, technological, ecological and legal) is used by marketing to monitor its macro environment. Select THREE examples of economic factors
Velocity is one of the defining characteristics of Big Data. Which of the following most accurately defines what this means?
SSS has adopted some outsourcing practices in order to improve efficiency of its operations. One of the managers has been made aware that the supplier is now also working for a competitor. Which TWO of the following should SSS be concerned with regarding the supplier's and ompetitor's new relationship?
Which of the following organisations would best describe a 'professional bureaucracy'?
Which TWO of the following are important aspects of the product in the marketing mix?
Which of the following is one of the five key areas of an effective approach to corporate digital responsibility (CDS)?
Which of the following would be within the role of an operational line manager?
Select ALL that apply.
You work for a pharmaceutical company and during any one year cames out a range of different activities and projects. Which of the following sets of activities can be said to be connecting influence to impact?
In a manufacturing company, it is important to maintain the correct levels of inventory, with particular attention to holding and ordering costs. For each of the types of costs listed below, identify whether these are holding costs or ordering costs:
The Finance Manager of HLL Company, a large energy provider, has organised a finance function staff meeting to discuss the potential use of big data systems.
The main point on the meeting agenda is whether the business has the available resources to store and manage the data that will be available and whether it has the financial resources to upgrade the information technology systems.
Which of the following features of big data will these discussions most likely involve?
Which of the following is the component of Hadoop which is responsible for breaking down a task into chunks of work and allocating them?
Which of the following statements regarding Just-In-Time (JIT) are true?
1:The main aim of JIT it to ensure a business has a sufficient amount of leftover stock, just in case it's needed further down the line.
2:Although the benefits of JIT are many, its use can end up harming supplier relations.
3:JIT generally results in lower costs for the business using it.
Which TWO of the following are activities associated with setting up a new IT system?
TRA is a multinational company which generates large quantities of data across its various operating divisions, from which it produces a range of management reports.
Which technological benefit of artificial intelligence is most likely to be of use to the company?
Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?
Company V is, and has always been, very focused on the importance of stakeholders to the business.
As a well known and very popular private fee-paying school, Company V has to take on board advice, feedback, complaints and queries from a great many different stakeholders, all of which have to be prioritised according to their impact and power over the operations of the company.
Listed below are some of the stakeholders that Company V deal with on a daily basis. Categorise each of these stakeholders according to whether they are internal, connected or external stakeholders.
A duplication of support functions would exist under which of the following organisational structures?
Which of the following best describes a virtual team formed by individuals from different companies to achieve a common aim?
The Sales Manager has called his usual monthly meeting with his sales team and presented the monthly sales budget broken down into weekly targets for each member of the team. What type of planning is this?
Material requirements planning (MRP I) and manufacturing resource planning (MRP II) are computerised systems used for planning the requirements for raw materials, work-in-progress and finished items and integrating with other production processes. These systems enable strong relationships to be forged with suppliers as orders can be placed with suppliers in good time to fulfill customer requirements and expectations, as well as other processes related to materials planning. Which of the following specifically can MRP I and MRP II NOT assist with?
Over the past year, JKL Company has found that its two largest competitors have taken some of their market share since opening online stores At the same time JKL has noticed that the capabilities of the new computing equipment that it has recently introduced are much greater than the ones that it had replaced.
JKL has decided to launch its own online store, to compliment its chain of high street stores, m a bid to win back the market share that it has lost Existing staff will be retrained to carry out the online operation.
Which TWO factors, associated with the contextual design of an organisation, are driving this decision?
A company manufactures electrical goods and has several product lines, all at different stages in the product life-cycle. As each item works through the life-cycle, the emphasis on marketing and price focus changes. Item X currently has an increased emphasis on investment in the product quality and design, with consideration also being given to reducing the sale price. Item X is in which stage of the product life-cycle?
The board of company B, a small company, is meeting to discuss the financial year end accounts following the first year of a consolidation of operations.
Of the results provided, select whether each set of information should be reported externally or internally.
P works within Company A as a legal advisor. She is also trained in Human Resources (HR) and the Managing Director has asked for her help in dealing with some disciplinary issues. This will involve her temporarily transferring away from her legal role. Which organisational form has the HR assistance taken?
Mita has set up a number of food shops and spends a lot of her time finding suitable staff Her key strength is going to farmers' wholesale markets and selecting her suppliers She also carries out all the accounting functions and maintains the shops by acting as her own caretaker, carrying out repairs and maintenance at the weekends
Which aspect of the work would Mita be LEAST LIKELY to outsource?
R is a 14 year old girl and has been promised a new computer for her birthday. Her school friends have popular hand-held models which are very intuitive to use with an eye-pleasing interface and design. Her parents want her to have a cumbersome personal computer which has to be situated at home as it will be more secure and easy to upgrade in the future without replacing the whole unit. R would prefer the computer her friends have. Which influence is R demonstrating?
Cardboard box manufacturer Smurfat are giving their new employees an induction into the company's strategy. They see this as a crucial stage of the induction process and have asked Terrance, the communications
director, to take new employees through the strategy.
Which of the following should Terrance communicate to his new employees during their induction?
Select ALL that apply.
The structure of an organisation is likely to change as the organisation develops and grows. Which type of structure is associated with an organisation which is in its early days?
The development of technical maps of rules and data structures would be part of which level of a data modelling process?
Which of the following is NOT a feature of a strategic level information system?
A few years have passed since tech company NVision launched their new games console, Superbox. The product was once a star, with high, rising sales, but it is now selling quite poorly. In fact, it's selling so poorly that
NVision are no longer making a return on the product.
Which of the following strategies would be the BEST for NVision to implement?
TESTED 07 May 2024
