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Irvine and Martin presented the advantages of Foresight as the 5Cs. Which of the following are correct aspects of the 5Cs as defined by Irvine and Mart in? Select ALL that apply.

A.

Co-ordination

B.

Comparability

C.

Criticality

D.

Communication

E.

Congruence

F.

Concentration

Which of the following is NOT included in the Information Systems Strategy (ISS) of Earl's three levels of information strategy?

A.

Division / SBU / Function based

B.

Business-focused

C.

Management-focused

D.

Demand-orientation

Place the correct label against each of the descriptors for the main principles of the UK Corporate Governance Code.

LLL is a travel company which has experienced rapid organic growth. It has three divisions and each division is led by a Divisional Director. Each Divisional Director is responsible for their own divisions' investment in Information Technology (IT). However, as LLL has grown, so has its information requirements.

 

Recently, LLL appointed an IT Manager. She discovered that within LLL's divisions, there are very different standards for IT, resulting in different hardware and software used in the three divisions. Also, the divisions do not use common software packages which causes difficulties in transferring information within LLL. LLL does not have a central IT department. 

 

Which of the following activities would be the primary focus of an Information Systems (IS) Strategy  for LLL?

A.

Identification of the information needs of LLL's customers and key stakeholders.

B.

Identification of management responsibilities and processes within LLL.

C.

Identification of what information is needed by LLL to enable it to achieve its overall business strategy.

D.

Identification of the hardware and software required to manage all of the information within LLL.

M is a car manufacturer in Country C. Every day, at 09.00, members of M's staff practice meditation and Tai Chi for 30 minutes, before their normal workday commences.

M's staff are paid during this time and M considers the practice to be a benefit both to staff and the company. Staff operate with high levels of efficiency and absenteeism levels are low.

The auditors of M have recommended that M stop these sessions, stating that they consider them to be a waste of time and a drain on resources.

Which of the following aspects of M's culture would the auditors recommendation impact on?

A.

Stories and myths

B.

The organizational paradigm and values

C.

Routines and rituals

D.

Symbols

Which of the following statements is NOT a role for Management Accountants involved in the strategy development process?

A.

Consider and raise awareness of the ethical impact of proposed strategic decisions.

B.

Integration of financial and non-financial information.

C.

Writing the Annual Report.

D.

Assist the Board in determining risk appetite.

Which of the following statements would encourage an Organization to use Scenario Planning?

 

Select ALL that apply.

A.

Uncertainty in the industry is high, relative to management's ability to predict or adjust to change.

B.

Competitor's are increasingly using Scenario Planning as part of their strategy formulation process.

C.

The Organization has not previously experienced any major surprises or expensive strategic mistakes.

D.

The Organization has achieved all of its objectives and operates within a stable external environment.

E.

The Organization often experiences 'group-think', leading to a narrow view of the future.

AB uses Johnson, Scholes and Whittington's criteria of 'Feasibility and Acceptability' to evaluate potential strategies. AB has begun a project to re-engineer its best selling product.

Apply the appropriate criterion to each of the questions below:

Company Y is a global business selling a selection of technological items including phones, laptops and other computer related items. In addition Y sells accessory items, music downloads, apps: digital books and video downloads including films and television series through a cooperative partnership with other companies, designed to create value for the customer.

Which of the following terms best describes what Y has created?

A.

Artificial intelligence

B.

A blockchain arrangement

C.

An entirely cloud based offering

D.

A digital ecosystem

A Porter states that competitive advantage can be gained by following one of three generic strategies.

Place the appropriate generic strategy against each of the statements below.