Q1- Multiple Choice Questions Flashcards
Which one of the following skills areas is NOT highlighted by CIMA as being integral to the accountant’s remit?
A. Digital skills
B. Business skills
C. People skills
D. Research skills
D. Research skills
According to Mintzberg, the part of the formal planning process or rational strategic plan that was accomplished, was referred to as:
A. Intended strategy
B. Deliberate strategy
C. Emergent strategy
D. Unrealistic strategy
B. Deliberate strategy
Which of the following types of environment would a freewheeling opportunism approach for strategic formulation be more likely advantageous?
A. Static
B. Stable
C. Simple
D. Shifting
D. Shifting
Which statement is TRUE for the role of the operational level within an organisation?
A. Concerns itself with the ‘whole’ organisation as a unit
B. Focuses on the direction and scope of the organisation over the long term
C. Primarily concerned with the delivery of products and services
D. Reports directly to the corporate level
C. Primarily concerned with the delivery of products and services
Which of the following strategies according to Ansoff’s product/market growth matrix would include pursuing growth through the introduction of a loyalty scheme for current customers buying existing products?
A. Market penetration
B. Market development
C. Product development
D. Diversification
A. Market penetration
Which is more likely to be part of the unfreezing stage of Kurt Lewis’s 3-stage approach to planned change theory?
A. Adopting a new culture
B. Communicating reasons for change
C. Reward and praise for conformists to new process
D. Communicating successes arising from new processes
B. Communicating reasons for change
Which is NOT a word within the PESTEL acronym:
A. Environmental
B. Social
C. Ethical
D. Legal
C. Ethical
Which is NOT a type of power, according to French and Raven:
A. Expert power
B. Economic power
C. Reward power
D. Legitimate power
B. Economic power
Which is NOT considered an element of effective delegation:
A. Define limits of authority
B. Allow the work to be carried out free from interference
C. Set stringent performance targets
D. Ensure tasks can be carried out by someone with the necessary skills
C. Set stringent performance targets
According to Handy’s organisational cultures which of the following would best categorise an informal, owner/manager led small organisation?
A. Role culture
B. Task culture
C. Power culture
D. Person culture
C. Power culture
According to french and raven, if a member of staff undertakes a task for their manager because they have respect for them this would indicate which of the following?
1. Expert power
2. Legitimate power
3. Referent power
4. Coercive power
Referent power
Which of the following is not a benefit of delegation?
1. Workloads are spread between individuals
2. Takes time to explain new tasks
3. People are exposed to a variety of tasks
4. Allows employee development
Takes time to explain new tasks
Which of the following best describes a finance unit organised as a shared service centre (SSC)?
1. The finance function is carried out by an external party
2. A consolidated unit, run centrally within the organisation
3. A dedicated finance function within each unit
4. Professional advisors providing finance and legal services
Professional advisors providing finance and legal services
Decisions about acquisitions and mergers occur at which one of the following levels of strategy?
1. Operational level
2. Business level
3. Corporate level
4. Functional level
Corporate level
Which one of the following would NOT be considered a strategy to support market development according to Ansoffs matrix
1. Identifying alternative uses for existing products
2. Exploring new geographical market segments
3. Increased advertising and special loyalty offers
4. Identifying new sales channels
Increasing advertising and special loyalty offers
According to Mitzberg’s Model, emergent strategy is…
1. The elements of strategy that are unsuccessfully implemented
2. The way a strategy might change and develop in response to environmental changes
3. The short term strategy of the organisation
4. The final chosen strategy of an organisation
The way a strategy might change and develop in response to environmental changes
There are a number of reasons behind the developing role of the accountant, one of them being technological advancements.
Which of the following developments in technology has had an impact on the role and responsibility of the accountant:
1. Increase volume of data to build into analysis
2. Faster communication and reporting methods
3. Increased automation of accounting systems
4. All of the above
All of the above