Study Flashcards
Is the following one of Porter’s five forces
substitute products or services
Yes
Is the following one of Porter’s five forces
New entrants into the industry
Yes
Is the following one of Porter’s five forces
bargaining power of customers
Yes
Is the following one of Porter’s five forces
government regulation of the industry
no
Is the following one of Porter’s five forces
bargaining power of suppliers
Yes
Is the following one of Porter’s five forces
rivalry amongst current competitors in the industry
Yes
In Porter’s value chain model, what is the following
procurement
support activity
In Porter’s value chain model, what is the following
operations
primary activity
Marketing and sales
primary activity
In Porter’s value chain model, what is the following
inbound logistics
primary activity
In Porter’s value chain model, what is the following
technology development
support activity
In Porter’s value chain model, what is the following
HR management and infrastructure
support activity
administration managers are involved in
support activities
after sales service is a form of
primary activity
individual dealing with suppliers and negotiating price and quality are involved in
support activities
information technology is what kind of activity
support
Is the following a way in which data analytics of big data can create value for business
customer buying patterns
Yes
Is the following a way in which data analytics of big data can create value for business
customer needs
Yes
Is the following a way in which data analytics of big data can create value for business
new products and services
No
Is the following a way in which data analytics of big data can create value for business
Risk identification
No
Is the following a way in which data analytics of big data can create value for business
performance and improvement
Yes
Is the following a way in which data analytics of big data can create value for business
creation of HR policies
No
Is the following a way in which data analytics of big data can create value for business
transparency
Yes
Is the following a way in which data analytics of big data can create value for business
performance improvement
Yes
Is the following a way in which data analytics of big data can create value for business
market segmentation and customisation
Yes
Is the following a way in which data analytics of big data can create value for business
Decision making
Yes
Is the following a way in which data analytics of big data can create value for business
innovation
Yes
Is the following a way in which data analytics of big data can create value for business
risk management
Yes
original role of the accounting function was
recording financial information
who is responsible for
preparing financial statements
financial reporting
who is responsible for
capital budgeting
management accounting
who is responsible for
cash budgets
treasury management
who is responsible for
management of cashflow impact of WC
treasury management
who is responsible for
management decision making
management accounting
who is responsible for
tax
financial reporting
In terms of the organisational iceberg, what kind of variable is the following
formal goals
overt
In terms of the organisational iceberg, what kind of variable is the following
formal goals
overt
In terms of the organisational iceberg, what kind of variable is the following
formal goals
overt
In terms of the organisational iceberg, what kind of variable is the following
formal goals
overt
In terms of the organisational iceberg, what kind of variable is the following
attitudes
covert
In terms of the organisational iceberg, what kind of variable is the following
underlying competencies and skills
covert
In terms of the organisational iceberg, what kind of variable is the following
organisational design
overt
In terms of the organisational iceberg, what kind of variable is the following
communication patterns
covert
What kind of risk is described
the economic loss suffered due to the default of a. borrower, customer or supplier in the market
credit risk
What kind of risk is described
the risk of choosing the wrong strategy in a particular martket
strategy risk
What kind of risk is described
the risk that customers do not buy the company’s products in the expected quantities in the market
product risk
What kind of risk is described
the exposure to potential loss that would result from changes in market prices or rates
market risk
What is described
inability to predict outcome from activity due to lack of information
uncertainty
what is described
the extent to which a business is prepared to take on risk to achieve its objectives
appetite
What role does the following
process sales invoices
financial accountant
What role does the following
reconcile cash balances with bank statemetns
financial accountatn
What role does the following
planning and preparing budgets
Management accountant
What role does the following
appraising capital investment projects
Management accountant
Good information should be - ACCURATE
Accurate
Complete
Cost beneficial
User Targeted
Relevant
Authoritative
Timely
Easy to Use
What is the following part of
forecasting what is needed
planning and control
what is the following part of
evaluating available resources
planning and control
what is the following part of
Developing objectives, plans and targets
planning and control
To obtain full listing on LSE company must have traded for a minimum of
3 yeras
What is defined
business holds a cushion against unplanned expenditure like a buffer inventory
precautionary motive
what is
trying to find a practical solution to a problem
conciliation
Accountability and social responsibility are what kind of qualities
professional qualities
what kind of qualities are timeliness and ambition
personal qualities
FRC UK corporate governance code forms part of what
uk listing authority rules
In terms of the organisational iceberg, what kind of variable is the following
formal goals
overt
Company outside FTSE 350 minimum number of NED
two
NED in remuneration committee outside FTSE 350
2
Chapter 2 of Competition act is specifically concerned with
abuse of dominant position
What policy does the following relate to
taxation
fiscal
What policy does the following relate to
public spending
fiscal
What policy does the following relate to
public borrowing
fiscal
What policy does the following relate to
interest rates
monetary
What policy does the following relate to
exchange rates
monetary
What is the following An objective of
economic growth
macroeconomic policy
What is the following An objective of
stable inflation
macroeconomic policy
What is the following An objective of
unemployment
macroeconomic policy
What is the following An objective of
balance of payment
macroeconomic policy
Chapter 1 of Competition act is concerned with
prohibiting anti-competitive agreements
What covers
insider dealing
code of market
What covers
disclosure creating unfair market place
code of market conduct
What covers
misusing information as an insider
code of market conduct
what factors merely assist in avoiding demotivation and dissatisfaction
hygiene factors
what kind of factor is
a sense of challenge in the job
motivating
what kind of factor is
working conditions
hygiene facto
what kind of factor is
relationships with other staff
hygiene
what kind of factor is
recognition
motivator factor
what kind of factor is
quality of supervision received
hygiene
Is implementation a strategic decision
no
What is the problem with data from internet
authority - uncertainty whether it is reliable - whether it is authoritiative
Is the following a way data analytics of big data can create value for business
measurement of actual performance and comparison against targets
Yes
Is the following a way data analytics of big data can create value for business
identification of deviations of plan
No
Is the following a way data analytics of big data can create value for business
establishing standards or targets to express planned performance
yes
Is the following a way data analytics of big data can create value for business follow up action to correct adverse results or to exploit favourable variences
yes
Is the following a way data analytics of big data can create value for business follow up action to correct adverse results or to
Is the following a way data analytics of big data can create value for business
measure ideal performance
no
Is the following a way data analytics of big data can create value for business
devise the plan
No
T/F According to OECD principles of CG companies must protect and facilitate the following shareholder rights the right to receive all company profits
False
T/F According to OECD principles of CG companies must protect and facilitate the following shareholder rights
the right to real time info concerning the company
False
T/F According to OECD principles of CG companies must protect and facilitate the following shareholder rights
the right to participate in semi annual select meetings
False
T/F According to OECD principles of CG companies must protect and facilitate the following shareholder rights
the right to have secure methods of ownership registration
True
T/F According to OECD principles of CG companies must protect and facilitate the following shareholder rights
the right to elect and remove members of the board
True
Who elects supervisory board
shareholders and employees
NED have a prime role in what
determining appropriate levels of remuneration for executive directors
advertising is a what technique
pull technique
ensuring availability of product to consumers by encouraging intermediaries to stock the product is what technique
push
What two models of human behaviour emphasise the importance of remuneration as a key need and motivator of people
theory X
Scientific management
what kind of role is
not a new ideas person, but tends to pick up on others ideas and add to them while using wide social network as bridge from team to outside world
resouce investigator
what view of strategic planning
businesses strategic capabilities are the driving force behind strategy, rather than forces at the work in industry
resource based view of strategic planning
what view of strategic planning
forces at work in the industry are driving force behind strategy
positioning based view
porters five face analysis is an example of analysing what environment
the external environment
what is ansonoff’s matrix
means of assessing potential growth strategies of the company
BCG
low market growth high market share
cow
BCG
high market growth high market share
star
BCG
high market growth low market share
?
BCG
low market growth low market share
dog
what product classification for harvest or hold
cash cow
what product classification for
harvest or build
question mark
what product classification for build strategy
stars
what product capitalisation for divest or hold
dog
annual fee, minimum order, access to brand and marketing suggest arrangement is a
franchies
plc must have minimum of
one share holder two directors
what section of finance would have responsibility for ensuring sound stewardship by managers of the resources entrusted to them
financial transaction recording section
coefficient of variation
SD/Mean
secondary banks are also known as
merchant banks
primary banks are also known as
retail, commercial and cleaning banks
T/F
Watermarks can be used to protect security of digital assets
True
T/F encoding and encryption can be used to protect digital assets
True
ICAEW investigation committee looked into complaint and found there is a case, but not serious enough to exclude or suspend practicing certificate - what will it do
offer a consent order
What does a caution mean for the firm
no publicity
no fine
firm must pay costs
ICAEW investigation committee received complaint from client and firm agreed compliant is valid - what do
remove practicing certificate (issue reprimand, fine, suspending practicing certificate)
Who evaluates chairman in line with requirements of UK CG Code
NED taking into account views of executive directors
Notice of AGM is despatched to shareholders at least
20 working days before the AGM
What international standard covers environmental management
14001
if supply curve is horizontal straight line, the PES is
perfectly elastic
increased taxation but no increase in spending is what kind of fiscal stance
contractionary
fixed tax per unit of a particular product applied to imports from a particular overseas country is a
tarrif
