Weekend Special Sale Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: buysanta

Exact2Pass Menu

Question # 4

Stephanie has just secured a job as a management accountant for a well-known banking firm. She needs to understand the organisation's financial position.

What should she do first in order to gain this understanding?

A.

Record the organisation's transactions in the books of prime entry.

B.

Inform the tax authorities of the organisation's revenues.

C.

Total all the day books and enter them into ledgers.

D.

Submit the company's accounts to the IFRS.

Full Access
Question # 5

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?

A.

Sales function

B.

Shareholders

C.

Production function

D.

Human Resources

Full Access
Question # 6

Which TWO of the following are examples of a knowledge work system?

A.

Computer Aided Design (CAD)

B.

Transaction Processing System (TPS)

C.

Computer Aided Manufacturing (CAM)

D.

Materials Resource Planning (MRP)

Full Access
Question # 7

H works in the finance function and has been asked by the Finance Manager to draft a report to be part of the annual update to go out to all the employees of the organisation

H informs the Finance Manager the intention is to include a whole range of financial information including ratios and comparisons for the previous years in the report

Which of the following qualities of good information should H be most concerned with when producing the report?

A.

Relevant

B.

Adaptable

C.

Questioning

D.

Accurate

Full Access
Question # 8

Which of the following organisational approaches is associated with the consistent delivery of a product or service?

A.

ISO 9000

B.

Kaizen

C.

Lean

D.

JIT (just in time)

Full Access
Question # 9

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?

A.

Conceptual

B.

Visual

C.

Logical

D.

Physical

Full Access
Question # 10

Shortly after starting his new role within R, Q begins to suspect that the training opportunities he was offered at interview are unlikely to materialise. Upon discussing his concerns with his manager, Q is made to feel as though his expectations regarding training opportunities were unrealistic as everything included within his employment contract had been honoured. Which of the following applies to the above situation?

A.

Breach of employment contract

B.

Misunderstanding of the job description

C.

Breach of psychological contract

D.

Recruitment into the wrong role

Full Access
Question # 11

The process of human resources planning would involve the following: strategic analysis, forecasting, job analysis and recruitment and training. Which THREE of the following are issues relevant to forecasting?

A.

New technology

B.

Appraisal

C.

Divestments

D.

Rewards

E.

Induction

F.

Cost reduction plans

Full Access
Question # 12

Introducing The Finance Function of PRS Company have been working with the Human enable which of the following business advantages'?

A.

An increase in value adding activities

B.

An increase in competences

C.

An increase in relationship management

D.

An increase in training

Full Access
Question # 13

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? 

A.

Financial requirements planning

B.

Equipment utilisation planning

C.

Decision support planning

D.

Labour schedule planning

Full Access
Question # 14

Which of the following would specifically be an example of the use of the marketing concept by a charity? 

A.

Having pencils made with the name of the charity on them

B.

Selling pencils to make a profit for the charity

C.

Only buying pencils made from sustainable materials

D.

Giving pencils out to children in developing countries

Full Access
Question # 15

Which of the following is the term used to describe the degree to which a task in an organisation is divided into a number of separate activities?

A.

Span of control

B.

Centralisation

C.

Work specialisation

D.

Formalisation

Full Access
Question # 16

AB Company is considering a recruitment campaign to provide extra senior marketing staff for a new product launch. AB produces specialist industrial cleaning products and has a well developed marketing function. Which of the following will be an effective alternative to a recruitment campaign?

A.

Promotion of existing staff in the department

B.

Secondment of staff from other departments

C.

Use of agency staff

D.

Job rotation within the organisation

Full Access
Question # 17

Place the following categories typically found in a 'person specification' next to each job holder's requirements.

Full Access
Question # 18

Which of the following scenarios is an example of independence within the role of the finance function?

A.

Financial accountant updates the directors details in the statutory accounts based on the updates provided by the Company Secretary

B.

Financial accountant includes the corporation tax provision in the statutory accounts as calculated by the treasury department

C.

Management accountant chooses to apply depreciation rates based on known replacement date of assets, rather than following accounting standards.

D.

Management accountant prepares variance reports based on comparing actual financial data with budgeted expectations.

Full Access
Question # 19

There are four stages of development of supply chain management, according to Reck and Long's strategic positioning tool. Which stage of this model does the following description identify?

 

Emphasis is on better co-ordination between departments and suppliers involving timely communication about changes in price and availability of materials.

A.

The passive stage

B.

The independent stage

C.

The supportive stage

D.

The integrative stage

Full Access
Question # 20

The directors of JES are keen to ensure that expenditure on marketing campaigns is generating additional sales for the company Which of the following KPIs would be appropriate for the directors of JES?

A.

Conversion rate across mediums

B.

Return on marketing spend

C.

Cost per lead generated.

D.

Customer retention rates

Full Access
Question # 21

Which of the following is NOT a feature of a knowledge management system specific to a particular organisation?

A.

The internet

B.

A local area network

C.

A wide area network

D.

The intranet

Full Access
Question # 22

In order to understand the potential for conflict over the functioning of a finance department, B organisation's new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?

A.

Keep these groups informed

B.

Take minimal effort with these groups

C.

Keep these groups satisfied

D.

 Treat these groups as key players

Full Access
Question # 23

Which THREE operations management issues are associated with the primary activity of inbound logistics?

A.

Economic storage of raw materials                                                                                                                       

B.

Effective systems for inventory record keeping

C.

Efficient distribution of raw materials from warehouses to factory floor

D.

Production engineering capacity

E.

Effective quality control procedures

F.

Efficiency of facilities, plant and machinery

Full Access
Question # 24

Inventory control, which maintains a low level of inventory, is important to ensure which of the following?

A.

Low holding costs

B.

Uninterupted production 

C.

Continual customer satisfaction

D.

High level of redundant stock

Full Access
Question # 25

Which of the following is an example of operational information?

A.

Payroll details

B.

 Inventory values

C.

Sales analysis

D.

Productivity measures

Full Access
Question # 26

Which of the following functions is responsible for the preparation of a company's statutory accounts?

A.

Financial accounting

B.

Management accounting

C.

Treasury management

D.

Corporate planning

Full Access
Question # 27

XY Company operates a flexible manufacturing system, manufacturing a single standard product. What is the disadvantage of this system if the organisation expands its product range?

A.

The cost of enhanced flexibility

B.

The ability to change between jobs

C.

Fast response times

D.

Small batches can be accommodated

Full Access
Question # 28

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?

A.

Strategic apex

B.

Techno-structure

C.

Middle line

D.

Operating core

Full Access
Question # 29

E's manager is concerned about bullying in the organisation and has asked E to report on the situation.

As a result, E has carried out the following work;

• Collected data of the numbers of complaints made

• Produced a bar chart based on incidences in different departments

• Interviewed a sample of employees

• Calculated the cost of employees being away from work sick due to bullying

Which of the pieces of work that E has carried out is qualitative analysis?

A.

Producing a bar chart of incidences.

B.

Interviewing a sample of employees.

C.

Calculating a financial cost

D.

Collecting data of complaints

Full Access
Question # 30

Which of the following is important when considering the 'Promotion' element of the marketing mix?

A.

Public relations

B.

Distribution channels

C.

After sales service

D.

Packaging

Full Access
Question # 31

During the past six months NVT has been undergoing a study, as part of a rationalisation programme to review the profitability of each of its retail stores.

As a result, 30 stores have been identified for closure T with a further 50 stores selected to receive an investment of funds in order to remain profitable going forward. Throughout this process NVTs finance function has worked alongside others in the organisation providing advice and guidance.

Which TWO of the following areas has the finance function most likely been involved with as part of the review?

A.

Project Appraisal

B.

Management accounting

C.

Taxation

D.

Project Management

E.

Financial planning and analysis

Full Access
Question # 32

A decision has been made to close down a branch of a restaurant.

Which of the following is quantitative information produced by the finance function that will have supported this decision being made?

A.

A map showing the locations of the suppliers.

B.

A listing showing the number of employees who will lose their jobs.

C.

A graph showing declining profitability of the branch.

D.

A costing of the total redundancy payments that will need to be made.

Full Access
Question # 33

Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering.

Which of the following statements is true?

A.

The finance function will require new competencies to effectively communicate insight.

B.

The finance function will communicate their insights once a week.

C.

The finance function communicates their insights to only internal stakeholders.

D.

Fewer people are required at this level of the finance function than previously.

Full Access
Question # 34

Which of the following statements best describes data extraction?

A.

The process of harvesting data from source databases and locations

B.

Examining the data to understand its content formats and structure.

C.

Data being processed into the destination database ready for use.

D.

Storing data in a systematic and logical way ready for further interrogation.

Full Access
Question # 35

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?

A.

Increased data storage capacity

B.

Improved operations and manufacturing processes

C.

Improved communications systems

D.

Improved decision making processes

Full Access
Question # 36

Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?

A.

Total purchases per year

B.

Total ordering cost per order

C.

Total inventory cost per year

D.

The reorder quantity

Full Access
Question # 37

Data warehousing is an essential element of the extraction transformation and loading process.

Which of the following best describes data warehousing?

A.

Examining the data to understand its content formats and structure

B.

Storing data in a systematic and logical way ready for further interrogation.

C.

Data being processed into the destination database ready for use.

D.

The process of harvesting data from source databases and locations.

Full Access
Question # 38

The use of big data and smart technology by the sales and marketing function of an organisation is most likely to be associated with which of the following?

A.

Service improvements

B.

Alleviating bottle necks

C.

Supply chain collaboration

D.

Social media trends

Full Access
Question # 39

Having the right assets and making the best use of them is crucial if an organisation is to achieve its strategies on a sustainable basis. Which of the following best describes the row of the finance function in relation to an organisation’s assets?

A.

Deciding on which new machinery to buy for the production facility.

B.

Ensuring that assets are used to their optimum capacity on an on-going basis.

C.

Setting asset lifetimes that are in keeping with shareholders' requirements.

D.

Collating and providing information to enable efficient asset management

Full Access
Question # 40

HKD is an online marketing company Its finance function is currently preparing budgets for the coming period.

At which stage of value creation is HKD's finance function currently playing a key role?

A.

Dictates

B.

Shapes

C.

Narrates

D.

Enables

Full Access
Question # 41

Which THREE of the following areas would be improved by an organisation using a Customer Relationship Management (CRM) system?

A.

Sales

B.

 Marketing

C.

Customer service

D.

Budgeting

E.

Operations

F.

Inventory management

Full Access
Question # 42

When implementing a new IT system and according to the theory of Kotter, Schlesinger and Sache, which of the following is a benefit of using participation as a way of overcoming resistance to change?

A.

Involving user expertise will encourage commitment.

B.

Compromise will overcome resistance.

C.

Conflict is dealt with in an orderly fashion.

D.

Understanding the benefits will lead to acceptance.

Full Access
Question # 43

R works in the finance function of TX Company, a large multinational vehicle manufacturer.

Most of R's work involves shaping how the company creates and preserves value by using effective controls.

Which of the following activities is R most likely to be involved with?

A.

Variance analysis

B.

Budgeting

C.

Sales forecasting

D.

Reviewing customer satisfaction

Full Access
Question # 44

A new Team Leader in Internal Audit has been asking team members about tasks that they do not think are part of their responsibility as they go beyond compliance with legislation. You are preparing a response to this to include an explanation of the requirements of a social audit. Which of the following would you include in your response?

 

Select ALL that apply.

A.

Observance of equal opportunities beyond that required by legislation

B.

Ethical investment decisions

C.

Use of sustainable raw materials

D.

Adequacy of audit trail

E.

Existing and potential management weaknesses and ways to rectify them

F.

Operation of risk management process(es)

Full Access
Question # 45

Porter's Value Chain was developed to determine whether a firm's activities contribute towards it's competitive advantage. E is the new Chief Executive of an organisation which manufactures and distributes hand made wooden furniture. His initial observations are that sometimes the workflow through the organisation can be a little disjointed and it is unclear from overall results which areas contribute to profit and quality and which do not. Using Porter's Value Chain model, identify which THREE of the options below are Primary activities.

A.

Inbound logistics

B.

Marketing and sales

C.

Operations

D.

Human resource management

E.

Technology

F.

Procurement

Full Access
Question # 46

One of the characteristics of Big Data is velocity. Which of the following most accurately defines what this means?

A.

The speed of data creation

B.

The volume of the data

C.

The different formats of data

D.

The validity of data

Full Access
Question # 47

Company E operates a management consultancy business with four international offices. All offices specialise in helping new businesses, with all support operations dealt with by headquarters.Which of the organisational structures below would best describe Company E.

A.

Geographical

B.

Functional

C.

Divisional

D.

Matrix

Full Access
Question # 48

Which of the following are benefits of appraisals? Select ALL that apply.

A.

Identifies where the employee needs improvement and how to go about it.

B.

Ties in with career planning.

C.

Sets targets to help improve employee motivation.

D.

Rewards performance above and beyond the expected.

E.

Allows manager/employee to exchange feedback.

F.

Can reduce the chance of confrontation occurring.

G.

The process is usually devoid of bias.

Full Access
Question # 49

Different types of organisation exist for different purposes. Match the types of organisation to the appropriate purpose.

Full Access
Question # 50

The marketing environment includes political, economic, social, technological, ecological and legal factors affecting marketing (PESTEL). Select THREE examples of economic factors.

A.

Consumers' propensity to save

B.

Interest rates

C.

The introduction of new legislation relating to business tax

D.

The rate of inflation

E.

New ways of distribution

F.

Social mobility

Full Access
Question # 51

Which of the following gives the correct combination of valid stages in the HR cycle?

A.

Selection, performance, appraisal, rewards, training and development

B.

Recruitment, selection, induction, rewards, budgets

C.

Selection, culture, recruitment, induction rewards, budgets

D.

Selection, performance, culture, appraisal, rewards, training and development

Full Access
Question # 52

P is employed by an organisation which pays well for work done to a high standard. P is fortunate in that he really enjoys his work, takes great pride in the presentation of his deliverables and always seeks ways to improve his approach and output. Which reward classification is described above?

A.

Intrinsic reward

B.

Economic reward

C.

Social relationship

D.

Financial reward

Full Access
Question # 53

Which of the following is a possible disadvantage associated with a matrix structure?

A.

Dilution of functional authority

B.

Flexibility is encouraged

C.

Customer orientation is emphasised

D.

Exchange of opinions is facilitated

Full Access
Question # 54

It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?

 

Select ALL that apply.

A.

The consequences of the action

B.

The motivation for the action

C.

The key values associated with the action

D.

The legality of the action

E.

The organisational policy 

F.

The government policy

Full Access
Question # 55

One of the roles of the finance function is to help deploy solutions. Which activity of the "information to impact" framework is this a part of?

A.

Analyse

B.

Advise

C.

Apply

D.

Achieve

Full Access
Question # 56

From the following, which best defines Business Process Re-engineering (BPR)?

A.

BPR involves fundamental changes in the way the organisation operates.

B.

BPR is the continuous examination and improvement of processes.

C.

BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.

D.

The main aim of BPR is to save costs

Full Access
Question # 57

DnD1_0151-R2-D: Match each of the ethical principles with the correct brief scenario.

Full Access
Question # 58

Company X is a manufacturing company. It is implementing a new IT system within the accounts department.

 

Which of the following is the most appropriate organisational structure for this project?

A.

Geographical

B.

Matrix

C.

Divisional

D.

Functional

Full Access
Question # 59

Dismissal is a drastic form of disciplinary action. Which THREE of the following examples would constitute fair dismissal?

A.

It has been discovered that the Management Accountant embezelled $10,000.

B.

A driver has been convicted of driving whilst under the influence of alcohol and has received a driving ban for 24 months.

C.

The Office Junior was 10 minutes late returning from lunch twice last week.

D.

The Office Manager has announced that she is pregnant.

E.

A senior manager has been passing product information to competitors.

F.

The Sales Manager has requested flexible working hours.

Full Access
Question # 60

Y has recently been appointed as the head of a large charity. This is the first not-for-profit organisation that she has been involved with, having gained most of her experience in large retail organisations. She wants to make sure that she understands the differing objectives of her new employer.

 

Which THREE of the objectives below would be most likely associated with a not-for-profit organisation?

A.

Utilisation of resources

B.

Profit maximisation

C.

Value for money

D.

Increasing donations

E.

Maximising shareholder returns

F.

Increasing share price

Full Access
Question # 61

An effective induction programme will typically focus on which THREE of the following?

A.

Hobbies and interests

B.

Organisation structure, charts and reporting lines

C.

Culture and values, including ethical issues

D.

Financial issues including salary payment dates and expense procedures

E.

Personal health issues

F.

Family connections with the business

Full Access
Question # 62

Which of the following is an example of sustainability impacting operations management?

A.

A company only buys printer paper that has been recycled

B.

A company has a whistle-blowing policy

C.

A company keeps profits within the business for future investment

D.

A company sells goods to developing nations

Full Access
Question # 63

Clear career progression is an advantage of which type of organisational structure? 

A.

Functional

B.

Matrix

C.

Project based

D.

Multi-divisional

Full Access
Question # 64

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?

A.

Internet

B.

Intranet

C.

Extranet

D.

Video conferencing

Full Access
Question # 65

Which of the following will mean a company has breached a General Data Protection Regulation (GDPR) principle'?

A.

Data has been deleted after it is no longer required

B.

Data has been used fairly, lawfully and transparently

C.

Data has been kept for longer than necessary

D.

Data has been kept securely with restricted access

Full Access
Question # 66

Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering In this context strategic partners are

A.

Finance professionals

B.

Outsourced partners

C.

Project managers

D.

Senior management

Full Access
Question # 67

There are many stakeholders who have an interest in an organisation.

Which TWO of the following are connected stakeholders?

A.

Shareholder

B.

Customer

C.

Government

D.

Trade union

E.

Employee

Full Access
Question # 68

Which of the following is a disadvantage of virtual operations?

A.

Flexibility and speed of operations

B.

Reduced investment in assets

C.

The suppliers/resources may also be available to rival operations

D.

Possible linkages in the value chain

Full Access
Question # 69

An entity has several subsidiaries including F, which has an urgent staffing issue. The Financial Controller of F is due to start her maternity leave in 3 weeks time and there is currently a recruitment freeze in place to curtail employment costs. Human Resources needs to resolve the issue of covering the Financial Controller's position on a temporary basis. Which TWO of the options below will be suitable in these circumstances?

A.

Internal promotion

B.

Secondment

C.

Job enlargement

D.

Job rotation

E.

Early retirement

Full Access
Question # 70

A management accountant vacancy has arisen in the Finance Department of HJ Company. The Finance Manager is preparing the necessary paperwork for the recruitment process and is currently working on the person specification. He has contacted the company's Human Resource Department to ask for advice on which THREE of the following he should include in the person specification:

A.

The purpose and title of the job

B.

Attainments

C.

The job environment

D.

Special attributes

E.

Background and circumstances

F.

Salary range

Full Access
Question # 71

Which of the following is NOT an element of the system development life cycle?

A.

Review

B.

Planning

C.

Analysis

D.

Implementation

Full Access
Question # 72

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?

A.

Customer satisfaction

B.

Enhancement of internal processes

C.

Financial

D.

Learning and growth

Full Access
Question # 73

Which THREE of the following features are likely to indicate that an organisation is following the marketing concept as a business philosophy?

A.

Market research

B.

Marketing as a management process

C.

Customer satisfaction surveys

D.

Competitive pricing policies

E.

Production cost controls and regular process reviews

F.

Imaginative promotional campaigns

Full Access
Question # 74

A financial training company is reviewing its current HR policy in relation to the ongoing training required by all professionally qualified employees. Part of this process will also help to identify individuals suitable for promotion in the near future.

 

Which element of the HR cycle is described above?

A.

Separation

B.

Acquisition

C.

Maintenance

D.

Development

Full Access
Question # 75

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?

A.

Recommending that a low cost local supplier should be used

B.

Analysing data re supplier locations and costs

C.

Analysing the supply chain of a range of vaccines currently produced

D.

Conducting market research on different suppliers and costs

Full Access
Question # 76

An organisation owned by its customers, generally not-for-profit and in the private sector, is commonly known as which one of the following?

A.

Charity

B.

Mutual organisation

C.

Sole trader

D.

Partnership

Full Access
Question # 77

Which of the following technologies is described as a decentralised, distributed and public digital ledger that is used to record transactions across many computers?

A.

Blockchain

B.

Big Data

C.

Cloud Computing

D.

Data analytics

Full Access
Question # 78

Mitch owns a small furniture business, which he is keen to grow.

Which of the following would MOST benefit the growth of Mitch's business:

A.

Forming an alliance with a local supplier.

B.

Becoming a shamrock organisation.

C.

Becoming a network organisation.

D.

Outsourcing all complementary and residual competencies.

E.

Reducing the price of all products by a third.

Full Access
Question # 79

Which THREE of the following refer to information sourced externally?

A.

Inflation rate

B.

Volume of pales

C.

Production capacity

D.

Taxation policy

E.

Tax deducted

F.

Share price

Full Access
Question # 80

When testing an information system before it goes live, using contrived testing will present the system with which type of data and transactions?

A.

Unusual and unexpected data and transactions

B.

Realistic data and transactions

C.

Large volumes of data and transactions

D.

Routine mix of data and transactions

Full Access
Question # 81

Which of the following best describes the 'passive stage' of purchasing?

A.

Purchasing has no strategic direction

B.

Purchasing is concentrated on price negotiation

C.

Purchasing integrates latest practices and technology

D.

Purchasing is independent of corporate strategy

Full Access
Question # 82

Which one of the following is NOT part of the role of Human Resource Management?

A.

Being concerned with operational and strategic people issues.

B.

Regarding the line manager's role as transactional with an emphasis on negotiation.

C.

Recognising employees are motivated by consent and involvement.

D.

Viewing employees as assets of the organisation.

Full Access
Question # 83

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.

A.

2 + 3

B.

1

C.

2

D.

3

E.

1 + 2

F.

1 + 3

G.

1 + 2 + 3

Full Access
Question # 84

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.

A.

3

B.

1

C.

2

D.

1 + 2

E.

2 + 3

F.

1 + 3

G.

1 + 2 + 3

Full Access
Question # 85

Which of the following is a potential advantage of outsourcing?

A.

Finality of decision

B.

Reduced capital expenditure

C.

Reduced transaction costs

D.

Reduced core competencies

Full Access
Question # 86

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?

A.

Human Resources

B.

Production

C.

Shareholders

D.

Directors

Full Access
Question # 87

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.

Full Access
Question # 88

Which of the following sources of data will have limited usefulness to finance professionals?

A.

Weekly sales report

B.

Primary market research data

C.

Competitors' journal articles

D.

Output reports from production.

Full Access
Question # 89

Which of the following organisations would best describe a 'professional bureaucracy'?

A.

A hospital

B.

A newsagent

C.

A manufacturing company

D.

A project based company

Full Access
Question # 90

More and more organisations are developing their supply chain networks by building closer links with suppliers. Which THREE of the following are considered to be features of this trend?

A.

Early supplier involvement

B.

In-house resolution of design problems

C.

Computer systems linked to customers

D.

Price and inventory co-ordination

E.

Supplier representative on site

Full Access
Question # 91

Which of the following best defines Business Process Re-engineering (BPR)?

A.

BPR involves fundamental changes in the way the organisation operates.

B.

BPR is the continuous examination and improvement of processes.

C.

BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.

D.

The main aim of BPR is to save costs.

Full Access
Question # 92

Level one of the contemporary shape of the finance function involves strategic leadership of the finance team. The head of the finance function is.

A.

The Finance Treasurer

B.

The Chief Executive Officer

C.

The Financial Accountant

D.

The Chief Financial Officer

Full Access
Question # 93

Company XYZ has just launched an innovative technology device, designed to appeal to those consumers who want to be seen with the latest products. Which of the following pricing strategies would be most suitable at the time of the product's launch?

A.

Penetration pricing

B.

Cost-plus pricing

C.

Captive pricing

D.

Skim pricing

Full Access
Question # 94

Strategic leadership by the finance function involves so-called level 1 activities.

These activities involve which of the following?

A.

Achieving the desired organisational impact

B.

Generating information for insight.

C.

Providing further insights to better inform decision makers

D.

Communicating insights to influence users

Full Access
Question # 95

A is developing a new mission statement. Which TWO of the following should NOT be included?

A.

The main business A is concerned with.

B.

The main purpose of A.

C.

A brief summary of A's values and beliefs.

D.

What will be achieved in 20 years' time.

E.

Detailed values such as respect, integrity, diversity, teamwork and innovation.

Full Access
Question # 96

Unclear cost and profit responsibilities can be a feature of which type of organisational structure?

A.

Matrix

B.

Functional

C.

Divisional

D.

Geographical

Full Access
Question # 97

F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formula. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation's behalf. Which of the organisation types listed below best describes the organisation that F works for?

A.

Sole-trader

B.

Company

C.

Partnership

D.

Multinational

Full Access
Question # 98

Assessment centres can use a range of techniques to assess an applicant's competencies against pre-set criteria. Which document would set out the competencies required for them to compare against?

A.

Person Specification

B.

Job description

C.

Application forms

D.

Appraisal documentation

Full Access
Question # 99

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?

A.

Periodic inventory system

B.

First in, first out system

C.

Continual inventory system

D.

ABC inventory system

Full Access
Question # 100

Company T has eight main products that it markets and sells. One particular product requires a low amount of ongoing investment, has low growth prospects but currently maintains a high market share.

 According to the Boston Consulting Group Matrix, which category is this product in?

A.

Cash cow

B.

Star

C.

Question mark

D.

Dog

Full Access