Summer Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: exc65

Information relating to production, accounting records and payroll are most likely to be used by which of the following stakeholders?

A.

Key stakeholders

B.

Connected stakeholders

C.

External stakeholders

D.

Internal stakeholders

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.

Statistical process control

B.

Material requirements planning

C.

Lean thinking

D.

Reverse logistics

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:

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

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.

Which of the following are advantages of a virtual team?  

 

Select ALL that apply.

A.

The costs of a central office are not needed.

B.

New members can be brought in and out of the team easily.

C.

Members do not feel isolated.

D.

It is easier to establish decision making processes.

MN College (limited by guarantee) aims to ensure that each student achieves their qualification and gains employment. Which THREE of the following are suitable measures of performance for MN College?

A.

Economic

B.

Number of students

C.

Efficiency

D.

Effectiveness

E.

Enhanced

F.

Number of lecturers.

Which of the following does NOT help to bring about operational improvement in the manufacturing process of an organisation?

A.

Kaizen

B.

Six Sigma

C.

Just-in-Time

D.

Market research

C Company is a manufacturer of components for the electronics industry. Although enjoying healthy returns in the past, results for the last two years have shown a decline in profit. G has been brought in as the new Operations Manager. In her previous role, she was responsible for turning around a struggling organisation by using process mapping tools and she feels that this approach could also benefit her new company. Which of the following is NOT a feature of process mapping?

A.

Establish what is currently happening and why

B.

Measure how efficiently the process is working

C.

Identify the most suitable supplier of raw materials

D.

Develop new improved processes to reduce or eliminate inefficiency

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.