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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?

A.

Outsourcing

B.

Horizontal expansion

C.

Vertical expansion

D.

Alliance agreement

Following scandals such as Enron and legislation such as Sarbannes-Oxley in the US, the emphasis of the finance function of many entities has changed. This has led to which of the following?

In preparation for GD Company's annual people resourcing meeting, PR is creating the HR Plan for the Finance Directorate. He is currently collecting information for the second stage of the plan i.e. Internal Analysis.  Which THREE of the following will PR need information about for this stage?

A.

Levels of absenteeism

B.

Identification of shortages of staff

C.

Turnover of staff

D.

Identification of excess staff

E.

Staff potential

F.

Population trends

Which of the following is associated with the control aspect of the finance function?

A.

Amendment of original budgets

B.

Pricing decisions

C.

Investment decisions

D.

Strategy formulation

Which THREE of the following features are associated with a delegated sourcing strategy as part of an organisation's supply network? 

A.

A single supplier

B.

Goods provided by second tier suppliers

C.

The burden of coordination and liaison with suppliers removed from the organisation 

D.

Annual formal tendering processes for potential suppliers to undertake

E.

Coordination and liaison with suppliers by the organisation's purchasing department

F.

An emphasis on low costs and just-in-time delivery

A new manufacturing firm has been growing very rapidly. Both its output and hired staff have increased dramatically, and it's looking like the business will have to physically expand sometime in the near future.

The company's managing director decides to outsource the payroll of the business to an external provider.

What are his likely reasons for making this decision?

A.

He is finding it difficult to keep on top of all of the support activities he has to provide.

B.

He is finding managing the payroll complicated and time consuming.

C.

Payroll requires an expertise on tax and legislation that he does not have in house.

D.

It will allow him to focus on other priorities.

E.

There is more confidentiality when using external providers.

F.

Better management information will be supplied.

G.

It will improve the accuracy in the payroll.

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

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?

A.

Segmentation

B.

Marketing mix

C.

Targeting

D.

Positioning

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

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