The B Car Company is considering a joint venture with a company in Country X. It is undertaking a political risk analysis at both a micro and macro level. Which of the following is a micro level risk?

Barney (1991) identified four criteria necessary for a resource to be classed as unique and thus give competitive advantage. One of these is that it shouldn ' t be substitutable and another is that it should be rare.

Which TWO of the options below make up the list of four?

A publishing business prints thousands of books every week. The Managing Director employed Taylor ' s Principles of Scientific Management in order to run the business efficiently. Which of the following would not have

been initiatives he would have introduced into the business?

Select ALL that apply.

PRINCE2 clearly defines a set of roles for every active participant on a project. What is the role described below?

This is the person ultimately responsible for the business success of the entire project. They must ensure the project gives value for money and balance the demands of business user and supplier.

This person is also the ultimate decision-maker in the project. For this reason they are appointed before the project starts. As the person is directly responsible for the project business case, it is expected that in most instances they are appointed from the customer side of the organisation.

FF Ltd was established three years ago. Since then the company, which provides online financial advice, has experienced rapid growth and the management team has not really had the time to put management systems and procedures into place.

The organisation has asked you to look at the way in which the company deals with its disciplinary problems and procedures.

Choose from the following ALL that apply as recommended guidelines for drawing up a disciplinary procedure:

A low cost airline is operating three flights a day between two industrial cities in neighbouring countries. The cities are 300 km apart and the terrain between the two countries is mostly flat grasslands. The two cities are also linked by motorways and a railway line.

At first the airline enjoyed first mover advantage and generated healthy profits for three years. But more recently, the airline is experiencing intense competitive pressures, reduced passenger numbers and lower returns. The airline directors are using Porter ' s Five Forces framework to analyse the nature and severity of the various competitive forces being experienced.

In the context of this model which of the following forces would be considered as a threat of a substitute product or service?

University Z is about to take on a major project of changing from traditional written examinations to computer-based objective test questons.

Y is the systems manager at the university and has been appointed as the Project Manager. The university is very traditional in its management structure, whereby functional specialists manage each department.  However, for this project, Y considers that a matrix structure would be required. The Vice Chancellor is not convinced that a matrix structure would be appropriate.

There are a number of advantages of a matrix structure. Which of the following should Y use in his argument to convince the Vice Chancellor that a matrix structure is appropriate?

Select ALL that apply. 

DD is in charge of a group of twelve people involved in complex work. The group work together amicably and DD ' s leadership is valued. DD is supported by KK, who often deals with the group on behalf of DD.

Recently KK resigned for family reasons, along with another member of the group who became despondent with change and DD has now recruited new members to the group.

DD has found the group dynamics have changed and various members complain about what they are expected to do.

Which of the following is the least appropriate approach that DD should adopt to ensure the group reverts back to its former cohesiveness?

Many companies use Critical Path Analysis (CPA) to manage projects.

Which TWO of the options below could be identified from a CPA diagram? 

Projects carried out using the PRINCE2 methodology are always set out in a series of distinct and sequential stages. Which of the following is NOT a valid reason for a planned break between stages?