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Exam Questions and Answers for E3 Study Guide
NEW QUESTION 143
ABC is an online bank which has just reported substantial trading losses. It has received advice from a leading business consultancy that it should implement the following two strategies:
1. Take advantage of its reputation and brand image by entering a new industry.
2. Update all its networks to fifth generation (5G) as soon as possible. Which TWO of the following strategies has ABC been advised to implement?
- A. Ethical strategy
- B. Corporate strategy
- C. Consumer strategy
- D. Foundational strategy
- E. Sustainable strategy
- F. Functional or operational strategy
Answer: B,F
NEW QUESTION 144
BCA is a long established international airline. Which of the following represent Threats to BCA's business?
(Choose all that apply.)
- A. A substantial rise in the price of oil.
- B. A shortage of trained pilots in BCA.
- C. Greater popularity of long-haul holidays.
- D. A sudden increase in international terrorism.
- E. A higher level of private car ownership.
Answer: A,B
NEW QUESTION 145
Your management team is considering using Porter's Value Chain to assist it in developing a new competitive strategy for the business.
Which THREE of the following statements would inform your management team about Porter's Value Chain?
- A. It can help identify the processes that add customer value.
- B. It can help understanding of the linkages between business activities.
- C. It can help assess competitive pressures in the market.
- D. It can easily import data from existing management accounts.
- E. It can help identify the processes that add costs.
Answer: A,B,E
NEW QUESTION 146
The Boston Consulting Group developed a matrix to assist managers in identifying the cash flow requirements of different businesses. The matrix suggests a number of appropriate strategies. Select ALL the strategies that apply to the Boston Consulting Group's matrix.
- A. Divest
- B. Defer
- C. Diversify
- D. Re-appraise
- E. Hold
- F. Build
Answer: A,E,F
NEW QUESTION 147
Management Accountants increasingly play a key role in strategic planning.
Which of the following statements is NOT a role for Management Accountants involved in the strategy development process?
- A. Assist the Board in determining risk appetite.
- B. Writing the Annual Report.
- C. Integration of financial and non-financial information.
- D. Consider and raise awareness of the ethical impact of proposed strategic decisions.
Answer: B
NEW QUESTION 148
T is a management consultant. He was recently contracted by company XYZ to act as an external Change Agent in a program of change being undertaken. T's first task was to assist XYZ in clearly defining the outcomes of the change program and ensure that these were achievable. T also set up a number of change teams and led several workshops and team building exercises. Many of XYZ's staff were resistant to the change program. Therefore, T had to ensure that he created an appropriate vision for the change and was able to resolve any conflict which occurred during the change program.
Which THREE of the following are the key skills of a Change Agent demonstrated by T?
- A. Negotiation skills
- B. Role Setting
- C. Managing up
- D. Goal Setting
- E. Independence
Answer: A,B,D
NEW QUESTION 149
Which THREE of the following statements apply to Lynch's performance pyramid? (Choose three.)
- A. The business operating systems level includes the market-related Critical Success Factors.
- B. The performance pyramid is designed to ensure that all activities support the organization's vision.
- C. The business unit level includes measures which relate to internal systems needed to meet customers' needs.
- D. The right-hand side of the pyramid contains measures which are predominantly non-financial.
- E. The left-hand side of the pyramid contains measures which have an external focus.
- F. The lowest level of the pyramid contains the day-to-day operational measures.
Answer: A,C,E
NEW QUESTION 150
In 1989 Earl developed a framework to analyse the linkages between information systems, information technology and information management. Which of the following is NOT a characteristic of Information Systems strategy?
- A. Aligning strategy development with business needs and seeking strategic advantage.
- B. Business-led and demand-orientated; developing new strategic choices.
- C. Organization-based, relationships-orientated and management focused.
- D. Formed with key objectives of using the information resource and generating new businesses.
Answer: C
NEW QUESTION 151
Which of the following uses apply to Porter's Value Chain?
Select ALL that apply.
- A. Identifies key processes that add value to the end customer.
- B. Assesses improvements to management information.
- C. Helps assess the markets that the company currently operates in.
- D. Gives managers a deeper understanding of precisely what their Organization does.
- E. Prioritises operations that transform the various outputs into the final product.
Answer: A,B,D,E
NEW QUESTION 152
Select the MOST appropriate leadership style to manage each change situation outlined below.
Answer:
Explanation:
NEW QUESTION 153
BBB operates a small chain of coffee shops within Country X. a mature economy in northern Europe. BBB was established 20 years ago and currently employs over 150 staff in 25 shops located in major towns and cities throughout Country X. BBB attracts a wide range of customers, who are attracted by its extensive menu of coffee products and food Customers can either consume their purchases within the shop or can take their purchases away.
Which THREE of the following external environmental changes would have the greatest impact on BBB in the next three years?
- A. An increase in the average age of the population in Country X due to falling birth rates.
- B. An increase in the national statutory minimum wage in Country X.
- C. A worldwide shortage of coffee beans due to climate changes, affecting availability.
- D. The opening of an internationally renowned chain of coffee shops in Country X.
- E. A planned refurbishment of 80% of BBB's shops to update its image and increase shop floor space
Answer: A,B,C
NEW QUESTION 154
HHH is a manufacturer which has a bonus scheme for its production workers related to the speed of output.
HHH's products are very specialized and are made in a dangerous production environment HHH's production workers usually work alone but sometimes, if there are problems in the production environment (for example, machinery breakdowns), they have to work in teams. When the production workers are working in teams they do not receive any bonus HHH's senior management is proposing to amend the current bonus scheme to encourage increased productivity Under the current bonus scheme, production workers receive extra pay when they achieve 45% of their individual target The target level is low because of the dangerous production environment and the need to occasionally work in teams Under the proposed bonus scheme, production workers will not receive any extra pay until they have achieved
90% of their individual target Workers who achieve 90% or above of their individual target will be paid a 30% higher bonus Which THREE of the following problems is HHH most likely lo encounter with the introduction of the proposed bonus scheme?
- A. Production workers will not be motivated by the proposed level of bonus
- B. The extra production output will lead to an increase in inventory
- C. The proposed bonus scheme conflicts with health and safety legislation
- D. Production workers could consider the new target as unachievable.
- E. There could be a rise in the level of workplace accidents
Answer: A,B,D
NEW QUESTION 155
You are the youngest member of the senior management team and have recently been invited to become a member of the company's Board.
You have been sent an outline agenda ahead of your Board induction meeting with the Company Secretary.
The first item on the agenda is the role of the Board.
Which of the following statements is NOT the role of the Board?
- A. Establish the company's vision, mission and values.
- B. Confirm the adequacy and alignment to strategy of internal control and risk management systems.
- C. Relinquish responsibility for implementation of strategy to management.
- D. Establish strategy with regard to the risk appetite of the Organization.
Answer: C
NEW QUESTION 156
BBB is a manufacturer that has been criticised in the financial press because it does not have a policy for sustainability. Which THREE of the following elements would be crucial to BBB successfully embedding sustainability into its activities?
- A. BBB's Board should make a commitment to sustainability.
- B. BBB should include sustainability targets in performance appraisal
- C. BBB should employ a new public relations consultancy
- D. BBB should give all its staff training in sustainability.
- E. BBB should spend at least 0.1% of its Net Profit on sustainability projects
- F. BBB should investigate the costs and benefits of establishing a sustainability department
Answer: B,E,F
NEW QUESTION 157
You are a Management Accountant working for a logistics firm that wants to build collaborative relationships with each of its key clients.
Which of the following changes to the management accounting function would you recommend to help the development of collaborative partnerships with a client?
Select ALL that apply.
- A. Management accounting staff from your Organization should be made available to the key clients to facilitate joint problem-solving.
- B. Open book management accounting in which the client can see the profits your firm makes from the relationship.
- C. Relocation of some management accounting staff from your Organization into the offices of the key clients.
- D. Close monitoring of service level agreements to ensure your Organization provides the minimum service specified.
- E. Recruitment of management accounting staff from the key clients to improve shared understanding.
Answer: A,B,C
NEW QUESTION 158
Which of the following is NOT one of the main principles contained within the UK Corporate Governance Code?
- A. Accountability
- B. Leadership
- C. Remuneration
- D. Disclosure
Answer: D
NEW QUESTION 159
According to Porter's Five Forces model which of the following would be evidence of high buyer power?
- A. Products are not standardised and buyers cannot easily switch to another product.
- B. There is a concentration of buyers.
- C. Buyers are fragmented and act independently of each other.
- D. There is a low probability of backward integration.
Answer: D
NEW QUESTION 160
CCC is a local authority based in Country M.
A local authority (LA) is a public sector Organization which has administrative responsibilities within a geographical area and is responsible for the provision of a range of public services within its area including schools, leisure, policing and housing.
The majority of CCC's income comes from central Government funding. In the last four years, the global economic downturn has resulted in the central Government of Country M having to drastically cut its funding to all LAs. Six months ago, CCC appointed a new Chief Executive who, since his arrival, has attempted to make a number of changes to the Organizational culture and structure of CCC. He has stated that these changes are essential if CCC is to continue to operate effectively within the current economic environment.
The Government of Country M has recently announced that all LA's must reduce their overall expenditure from current levels by 15% within the next year.
Which of the following types of change is CCC experiencing?
- A. Reconstruction
- B. Adaptation
- C. Evolution
- D. Revolution
Answer: D
NEW QUESTION 161
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