Description : Strategic Management focusses on integrating functions such as Marketing, Finance / Accounting, Production / Operations, R & D and Info.Systems to achieve Orgnl. success
Last Answer : True
Description : Which of the following are the primary functions of all organizations? (a) operations, marketing, and human resources (b) marketing, human resources, and finance/accounting (c) sales, quality control, and operations (d) research and development, finance/accounting, and purchasing
Last Answer : (a) operations, marketing, and human resources
Description : Budgeting, paying the bills, and collection of funds are activities associated with the (a) management function ; (b) finance/accounting function (c) production/operations function ; (d) staffing function
Last Answer : (b) finance/accounting function
Description : The ____________________ and ____________________ manage the supplier relations, monitor the vendor activities and manage the supplier quality in an organisation. A. Supplier management, ... processes C. Supplier management, control processes D. Supplier maintenance, customisation processes
Last Answer : C. Supplier management, control processes
Description : Strategic Management is an attempt to organize qualitative and quantitative information in a way that allows effective decisions to be made under conditions of uncertainty
Description : Warning signs that cause the auditor to question management integrity must be taken seriously and pursued vigorously. Which of the following may lead the auditor to suspect management ... with the controller for the purpose of discussing accounting practices that will maximize reported profits
Last Answer : The president and chief executive officer of the client corporation has held numerous meetings with the controller for the purpose of discussing accounting practices that will maximize reported profits
Description : Who among the following is associated with contributions to quality control in operations management? (a) Charles Babbage ; (b) Frank Gilbreth ; (c) W. Edwards Deming ; (d) Henri Fayol
Last Answer : (c) W. Edwards Deming ;
Description : Henry Ford is noted for his contributions to (a) standardization of parts ; (b) statistical quality control ; (c) assembly line operations (d) scientific management
Last Answer : (c) assembly line operations
Description : Walter Shewhart is listed among the important people of operations management because of his contributions to (a) assembly line production ; (b) measuring the productivity in the service sector (c) statistical quality control ; (d) all of the above
Last Answer : (c) statistical quality control ;
Description : Competence as a certified public accountant includes all of the following except a. Consulting others if additional technical information is needed. b. Possessing the ability to supervise and ... technical qualifications to perform an engagement. d. Warranting the infallibility of the work performed
Last Answer : Warranting the infallibility of the work performed
Description : Ansoff's matrix is useful for what? A. Integrating a business's marketing strategy with general strategic direction B. Establishing an editorial calendar for staff to follow C. Understanding buyer personas and buyer behaviour D. Hiring new staff and training them on marketing tactics
Last Answer : Integrating a business's marketing strategy with general strategic direction
Description : What is the process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment? (a) Interpretation ; (b) environmental analysis ; (c) Outlook ; (d) Perception
Last Answer : (d) Perception
Description : Full form of DDMA – a) District Disaster Management Authority b) District Disease Manage Authority c) District Dam Manage Authority d) District Duck Management Authority
Last Answer : a) District Disaster Management Authority
Description : To identify the tasks for a work plan the project manager can _____. a. control and direct the project b. estimate the size, staff the project, and remember technical skills c. establish a ... of the SDLC and the steps that occur in each e. set conservative numbers for the project software
Last Answer : d. list the four phases of the SDLC and the steps that occur in each
Description : Strategic planning: (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. (b) Involves managers in each unit of ... overall plans of the organization. (d) Determines the day-to-day operations within an organization.
Last Answer : (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.
Description : Typically, in a global product structure: a) adaptation to local needs is high. b) marketing is the most important function. c) marketing is subservient to operations. d) operation is subservient to marketing
Last Answer : marketing is subservient to operations.
Description : Which of the following statements is a wrong statement under Value Chains ? A. Technology development is a support activity B. Marketing & Sales is a support activity C. Operations are ... Inputs into Final Product or Service D. Procurement is a support activity which deals with Vendors
Last Answer : Marketing & Sales is a support activity
Description : _____ is an individual's capacity to influence decisions a) Span of control ; (b) Line authority ; (c) Staff authority ; (d) Power
Last Answer : Line authority
Description : The management of people/labor should be handled by what department in an organization? (a) Administration ; (b) Human Resources ; (c) Information Systems ; (d) Accounting
Last Answer : (b) Human Resources ;
Description : Mr. (A) is a manager in a manufacturing company, he attempts to establish a culture of quality affecting the attitudes and actions of every employee and relies on a workforce that wants to ... Management ; (b) Knowledge management ; (c) Operations Management (d) Management of Information System
Last Answer : (c) Operations Management
Description : Current trends in operations management include all of the following except (a) Just-in-time performance ; (b) rapid product development ; (c) mass customization (d) mass production
Last Answer : (d) mass production
Description : All of the following decisions fall within the scope of operations management except for…… (a) financial analysis ; (b) design of products and processes (c) location of facilities ; (d) all of the above fall within the scope of operations management
Last Answer : (a) financial analysis ;
Description : The field of operations management is shaped by advances in which of the following fields? (a) chemistry and physics ; (b) industrial engineering and management science (c) information sciences ; (d) all of the above
Last Answer : (d) all of the above
Description : Taylor and Deming would have both agreed that (a) Whirlpool's global strategy is a good one (b) Eli Whitney was an important contributor to statistical theory (c) Management must do more to ... be improved (d) The era of Operations Management will be succeeded by the era of scientific management
Last Answer : (c) Management must do more to improve the work environment and its processes so that quality can be improved
Description : Operations management is applicable (a) mostly to the service sector ; (b) mostly to the manufacturing sector (c) to manufacturing and service sectors ; (d) to the manufacturing sector exclusively
Last Answer : (c) to manufacturing and service sectors ;
Description : The overall process of decision making in, for example, staff selection includes which of these stages? (a) Deciding which candidate to appoint ; (b) Identifying the need for a new member of staff (c) Agreeing the job specification ; (d) All of the above
Last Answer : The overall process of decision making in staff selection typically includes the following stages: Identifying the need for a new member of staff: This involves determining the reasons for the need ... in a systematic manner to ensure a fair and effective decision-making process in staff selection.
Description : A successor auditor most likely would make specific inquiries of the predecessor auditor regarding a. Specialized accounting principles of the client's industry. b. Disagreements with management as to ... the client's internal audit staff. d. The uncertainty inherent in applying sampling procedures.
Last Answer : Disagreements with management as to auditing procedures
Description : Which function ty Which function typically employ pically employs more people than any other function s more people than any other functional area? al area? a)Information Systems b)Finance c)Operations d)Marketing
Last Answer : d)Marketing
Description : Which functi Which function typically on typically employs more employs more people than people than any other any other functional area? functional area? a. Information Information Systems Systems b. Finance Finance c. Operations d. Marketing
Last Answer : c. Operations
Description : Which of the following represents an output from the marketing environment? A)Money borrowed by Liverpool F.C. to help finance its operations B)Nike's television advertising campaign featuring a ... purchased by Debenhams Department Stores D)Steel purchased by Volvo to be used in producing cars
Last Answer : B)Nike's television advertising campaign featuring a leading sports personality
Description : Which of the following is an advantage of turnkey projects? A. Can earn a return on knowledge asset B. Will not create a competitor C. Tight control of operations D. All the above
Last Answer : Can earn a return on knowledge asset
Description : A CPA is in public accounting practice when he/she a. Holds, or is appointed to, in an accounting professional group in government or in a government-owned and/or controlled ... advisory services, accounting aspect of finance, business law, taxation, and other technically related subjects
Last Answer : Represents his/her clients before government agencies on tax and other matters related to accounting
Description : Inquiries directed towards those charged with governance may most likely a. Relate to their activities concerning the design, and effectiveness of the entity's internal control and ... the auditor in evaluating the appropriateness of the selection and application of certain accounting policies
Last Answer : Help the auditor understand the environment in which the financial statements are prepared.
Description : The mode of entry into international business with least risk to the firm is: A. Indirect exports B. Direct exports C. Management contract D. Contract Manufacturing
Last Answer : Indirect exports
Description : Which of the following is / are not direct method to solve intergroup conflicts (a) Problem solving ; (b) Domination by the management ; (c) Removing key figures in conflict (d) Persuasion
Last Answer : (d) Persuasion
Description : In case of joint products, the main objective of accounting of the cost is to apportion the joint costs incurred up to the split off point. For cost apportionment one company has chosen Physical Quantity Method. Three joint ... 20,000 (b) Rs. 60,000 (c) Rs. 1,80,000 (d) None of the these
Last Answer : (c) Rs. 1,80,000
Description : Outline the process of accounting.
Last Answer : Process of accounting An accounting system tracks and controls the income and expenses of a business. Accounting systems can be as simple as a pen and notepad, and can be as complex ... find themselves required to create reports for external stakeholders, such as lenders and private investors.
Description : In pursuing its quality control objectives with respect to assigning personnel to engagements, a public accounting firm may use policies and procedures such as a. Rotating employees from ... the staffing requirements of specific engagements so that enough qualified personnel can be made available
Last Answer : Requiring timely identification of the staffing requirements of specific engagements so that enough qualified personnel can be made available
Description : BT is involved in a process of assessing marketing opportunities and resources, determining marketing objectives, and developing a plan for implementation and control, then BT is involved in A)strategic analysis. B)marketing planning. C)marketing management. D)marketing. E)market organisation
Last Answer : B)marketing planning.
Description : Authority, discipline, unity of command, and unity of direction are: (a) Taylor's four principles of management. ; (b) Principles of the human relations movement. (c) Elements of Weber's ideal bureaucratic structure. (d) Four of Fayol's fourteen principles of management.
Last Answer : A
Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department
Last Answer : Formulates a clear defect reduction plan in the quality department
Description : The _________ should plan well and execute perfectly the implementation of ERP. A. Organisation B. System developers C. Vendors D. Top Management
Last Answer : B. System developers
Description : How does creating a social network marketing plan differ from a traditional marketing plan? A. The brand image should be completely different for social marketing B. The staff requirements and skill sets for ... method of delivery, a marketing plan either way will be similar D. None of the abov
Last Answer : B. The staff requirements and skill sets for social marketing are different
Description : . How does creating a social network marketing plan differ from a traditional marketing plan? * The brand image should be completely different for social marketing The staff requirements and skill sets ... the method of delivery, a marketing plan either way will be similar None of the above
Last Answer : The staff requirements and skill sets for social marketing are different
Description : The drawbacks of ICT in medicine are i) Part time staff may not be trained and cannot access vital information ii) Some staff may be resistant of using ICT iii) All staff will need training in the use of the software iv) All of these
Last Answer : iv) All of these
Description : Two reasons for mergers and acquisitions are a. to increase managerial staff and to minimize economies of scale. b. to reduce tax obligations and increase managerial staff. c. to create seasonal trends ... of a new sales force. d. to provide improved capacity utilization and to gain new technology
Last Answer : to provide improved capacity utilization and to gain new technology
Description : A ___________ refers to the authority and responsibility for achieving the major goals of the Organization. (a) Line position ; (b) Staff position ; (c) Line authority ; (d) None of the given options
Last Answer : (a) Line position ;
Description : What kind of organizational structure combines a vertical chain of command with horizontal reporting requirements? (a) Line authority ; (b) Matrix ; (c) Functional ; (d) Line-and-staff
Last Answer : (b) Matrix ;
Description : A ______ organizational structure is the simplest form and has clear lines of authority and ease of decision making. (a) Horizontal ; (b) Line ; (c) Vertical ; (d) Staff
Last Answer : (b) Line ;