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Karl runs a factory. He wants his employs to feel that their role in the company has meaning.

Which of the following would help to make his employees feel this way?

A.

Ensure that all employees have a variety of jobs to do.

B.

Ensure each task has a clear identity, with it being made clear how that task fits into the overall operation.

C.

Ensure each task is significant in some way.

D.

Ensure each employee has a degree of independence and flexibility.

E.

Ensure employees can see the results of their work.

Which of the following best outlines the shift to higher level' skills anticipated to be fundamental to future accountants'?

A.

The ability to collect and process data

B.

The ability to balance ledger accounts

C.

The ability to produce an extended trial balance

D.

The ability to evaluate data sources.

The Finance Director has been asked to produce a cost saving plan for the organisation which is to come into effect immediately. His initial suggestion to enable quick savings is to cut the staff development and training budget by 50%. Before he publishes the plan he has asked you to review it and let him know what the effect of this may be in the short term.

 

Select ALL that apply. 

A.

Key staff may leave

B.

Staff skill levels may reduce

C.

There may be a  loss of competitive advantage

D.

Profit will increase

E.

Recruitment may be more difficult

F.

Staff motivation may reduce

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.

Working in the finance function of a manufacturer of baked goods, T has been asked to support the monitoring of key performance indicators (KPIs) within the operations function of the company.

Which of the following would be a suitable KPI to help measure quality costs?

A.

Labour utilisation rate in the bakery.

B.

Amount of inventory damaged in warehouse storage

C.

Freight costs per bakery unit sold

D.

Time taken to deliver a customer order

Company A works closely with its customers, suppliers and other business partners. It securely shares part of its private network with this group of stakeholders

Which of the following best describes the type of network that Company A operates?

A.

An internet

B.

An intranet

C.

An extranet

D.

A database

Which of the following is a disadvantage of using the internet, (E-marketing), to sell products?

A.

Set-up and maintenance costs

B.

Enables close customer relationships

C.

The organisational size is irrelevant

D.

It provides sophisticated segmentation opportunities

Company Y is very bureaucratic. The managers attend high numbers of planning meetings and the employees often complain of being micro-managed. According to Hofstede, which dimension is being described within the culture of Company Y?

A.

Uncertainty avoidance

B.

Power distance

C.

Long-term orientation

D.

Masculinity

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?

A.

Data Strategy

B.

Data Visualisation

C.

Data Scientists

D.

Data Manipulation

Arrange the stages of the product life-cycle in the correct order.