Exam

Question 1

What is the triangular finance function?

Answer 1

Senior
Management
Financial operations

Question 2

What is the diamond shape of the finance function?

Answer 2

Senior
Strategic Business Partnerships
Centres of digital excellence
Smart finance

Question 3

What is Mintzberg Theory?

Answer 3

Ideology
Strategy
Mid-line
Operating core

Technostructure
Support staff

Question 4

What are the technologies of the 4th industrial revolution?

Answer 4

AI
3D Printing
IOT
Cloud computing
Block Chain
Process automation
Big data and analytics
Data visualisation
Mobile network

Question 5

What are the 5 A’s?

Answer 5

Assemble, Analyse, Advise, Apply, Acumen

Question 6

What are the P’s of marketing?

Answer 6

Product, Price, Promotion, place

Question 7

What is the SAS data strategy?

Answer 7

Identify
Store
Provision
Process
Govern

Question 8

What is sound data management?

Answer 8

Chief Data officer
Data strategy
Culture
Train

Question 9

What are the 3 finance roles and the 5 functions?

Answer 9

Enables- Planning, forecasting, resource allocation
Shapes- Performance management control
Narrates- Financial reporting

Add value and preserve value

Question 10

What is long scalar?

Answer 10

Many levels of management

Question 11

What is short scalar?

Answer 11

Few levels of management

Question 12

What is agency theory?

Answer 12

Agent acts on behalf of the principal in day-to-day operations and transactions

Question 13

What is the HR cycle?

Answer 13

Recruitment
Selection
Training
Performance management 
Incentive and motivation
Reward
Termination

Question 14

What Mintzberg’s six principals

Answer 14

Mutual Adjustment- co-ordination through informal contact
Direct supervision- co-ordination through formal hierarchy
Standardisation of work processes- standardisation of processes and operating procedures
Standardisation of outputs- product and service specifications
Standardisation of skills and knowledge- identify training needs and the skills base needed to do the work
Standardisation of norms- cultural norms and expectations

Question 15

What is Porters value chain?

Answer 15

This model considers the organization’s activities that create value and drive costs.
• primary activities - directly concerned with the creation or delivery of a product or service
• Secondary or Support activities - help improve the efficiency and effectiveness of primary activities

Question 16

What are the six steps to the marketing function?

Answer 16

Marketing function. There are 6 steps:

1. Situation analysis
2. Review mission and objectives
3. Set marketing objectives
4. Devise an appropriate marketing strategy 5. Implementation
5. Review