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Which TWO of the following statements are NOT aims of a reward system?

A.

To ensure consistency and fairness

B.

To comply with legislation

C.

To control costs

D.

To reward poor performance

E.

To encourage excessive risk taking

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

A.

Amending original budgets

B.

Setting product prices

C.

Advising on Investment funding

D.

Preparing statutory reports

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

L is employed within a startup organisation that has limited funds. The organisation is a firm of lawyers specialising in all legal fields, such as family law, property law, commercial law and litigation. Due to the relative infancy of the organisation, and restrictions on funds, they have to be prudent with their choice of information systems. They have all the IT they need for staff but the agreed best way to build the business has been to focus on building their client and prospective client base. Which of the following should the organisation invest in to help achieve this aim?

A.

Intranet

B.

Enterprise Resource Planning software

C.

Customer Relationship Management software

D.

Purchase cloud backup capabilities

Which of the following functions is associated with the operating core of an organisation?

A.

Manufacturing and production

B.

Strategy evaluation

C.

Process standardisation

D.

Catering services

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

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

Which of the following would be within the role of an operational line manager?  

 

Select ALL that apply.

A.

Interviewing potential new recruits

B.

Conducting appraisals with staff

C.

Carrying out psychometric testing

D.

Deciding on strategic objectives

S is employed within the accounting function of a small company. Due to the size of the company, there are not enough resources for separate accounting functions so S is responsible for both management and financial accounting tasks. As the company is so small there is no requirement for audit. However it does make use of the services of an external certified accountant for statutory accounting and taxation services. According to Mintzberg, in which part of the organisation does the external accountant belong?

A.

Strategic apex

B.

Support staff

C.

Technostructure

D.

Operating core

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