Which of the following is the main reason for the growing demand for Big Data by organisations?
Which of the following specifically describes experiential marketing?
A service level agreement will NOT normally include which of the following?
The Finance function of XZY company, which is based in the UK. are planning how they can minimise the corporation tax costs
Which of the following is correct?
XY is a small software development company. Which of the following are most likely to assist the organisation in facilitating innovation?
Select ALL that apply.
Which of the following best describes the concept of corporate digital responsibility?
With the use of increasingly sophisticated systems and improved communications, the focus of the accountant's role has changed in recent years to which of the following?
It is important to assess the contribution made by the finance function. If a balanced scorecard approach is used, which of the following categories would utilise the measure of staff turnover?
An effective induction programme will typically focus on which THREE of the following?
Accountants and finance professionals in the future will see the basic routine transactional work reduce with a shift to higher level skills
Which of the following best describes business acumen?
Company V has made the decision to operate using Six Sigma in order to manage the supply chain within the production process. What process below is the method used to continually monitor and chart a process while it is operating?
C Company is a manufacturer of components for the electronics industry. Although enjoying healthy returns in the past, results for the last two years have shown a decline in profit. G has been brought in as the new Operations Manager. In her previous role, she was responsible for turning around a struggling organisation by using process mapping tools and she feels that this approach could also benefit her new company. Which of the following is NOT a feature of process mapping?
Which of the following organisational approaches is associated with the consistent delivery of a product or service?
Over the past year, JKL Company has found that its two largest competitors have taken some of their market share since opening online stores At the same time JKL has noticed that the capabilities of the new computing equipment that it has recently introduced are much greater than the ones that it had replaced.
JKL has decided to launch its own online store, to compliment its chain of high street stores, m a bid to win back the market share that it has lost Existing staff will be retrained to carry out the online operation.
Which TWO factors, associated with the contextual design of an organisation, are driving this decision?
Which of the following statements best describes data extraction?
You need to select potential candidates for the role of an office manager in a very busy office. An assessment centre has been organised to overcome the shortcomings associated with other selection techniques. Which of the following activities would be most suitable to assess candidates for the role of Office Manager?
Which of the following is NOT a component of the working capital cycle?
Which of the following are associated with the mission of an organisation?
Select ALL that apply.
Inventory control, which maintains a low level of inventory, is important to ensure which of the following?
M works in the finance function of S Company, a logistics and distnbution organisation
M has been asked to assist in narrating how the company has performed by collating the regular six monthly review for distribution to shareholders
Which of the following finance function activities best describes the activities M is likely be involved in?
The Finance Manager of HLL Company, a large energy provider, has organised a finance function staff meeting to discuss the potential use of big data systems.
The main point on the meeting agenda is whether the business has the available resources to store and manage the data that will be available and whether it has the financial resources to upgrade the information technology systems.
Which of the following features of big data will these discussions most likely involve?
The finance function of an organisation supports the organisation's strategies and operations.
Which THREE of the following activities are fundamental to the role of the finance function?
Which of the following provides the best description of an intranet?
La Vie En Rose was the latest perfume from the popular and well known perfumery, Lola. In almost every high quality magazine there was an advert featuring a famous actress and produced by a well known director. A
few weeks after launching, La Vie En Rose became the top selling perfume.
At the same time, another perfume called Amber launched from a smaller company and only appeared in a few advertisements and the perfume doesn't sell well.
In a blind test, where participants tried both Amber and La Vie En Rose, it was found that La Vie En Rose was the most popular choice.
Which orientation did La Vie En Rose use and why was it more successful than the Amber perfume?
Digital interactive marketing does NOT involve the use of which of the following?
The board of company B, a small company, is meeting to discuss the financial year end accounts following the first year of a consolidation of operations.
Of the results provided, select whether each set of information should be reported externally or internally.
Which of the following functions is associated with the operating core of an organisation?
A duplication of support functions would exist under which of the following organisational structures?
Company E operates a management consultancy business with four international offices. All offices specialise in helping new businesses, with all support operations dealt with by headquarters.Which of the organisational structures below would best describe Company E.
Which TWO of the following relate to corporate social responsibility (CSR) rather than corporate governance?
E's manager is concerned about bullying in the organisation and has asked E to report on the situation.
As a result, E has carried out the following work;
• Collected data of the numbers of complaints made
• Produced a bar chart based on incidences in different departments
• Interviewed a sample of employees
• Calculated the cost of employees being away from work sick due to bullying
Which of the pieces of work that E has carried out is qualitative analysis?
A management accountant vacancy has arisen in the Finance Department of HJ Company. The Finance Manager is preparing the necessary paperwork for the recruitment process and is currently working on the person specification. He has contacted the company's Human Resource Department to ask for advice on which THREE of the following he should include in the person specification:
Which of the following is a feature of an organisation that has adopted a sales orientation?
Which TWO of the following are activities associated with setting up a new IT system?
The Statement of Financial Position is NOT normally used to make decisions concerning which of the following?
Which of the following is an advantage of a functional organisational structure?
M works for an organisation that adopts the principle of a total reward package for high achieving employees. The organsiation recognises that there are more things to motivate staff than cash remuneration alone. M is striving for promotion and has been promised a company car and prominent car parking space at the front of the office if he achieves it. Which of Maslow's needs is being identified in the scenario above?
A PESTEL analysis (political, economic, social, technological, ecological and legal) is used by marketing to monitor its macro environment. Select THREE examples of economic factors
YKF is a manufacturer of candles with world-wide operations.
The finance department within YKF has recently adopted the use of accounting systems that are hosted and operated by an external provider, instead of being in-house.
The technology allows different users to access elements of the accounting software, regardless of location, through either an internet browser or an app on their mobile device
What technology has YKF adopted to make its accounting software more flexible?
A Company is considering to outsource its accounts payable According to the transaction cost theory of Williamson and Coase, which of the following involve activities and costs associated with policing and enforcing the agreement with the service provider?
X Company has several distinctive corporate social responsibility stances including a concentration on the triple bottom line, being proactive, and treating stakeholders as partners. According to Johnson, Whittington and Schools' categorization which of the following stances would best fit X?
Porter's Value Chain was developed to determine whether a firm's activities contribute towards it's competitive advantage. E is the new Chief Executive of an organisation which manufactures and distributes hand made wooden furniture. His initial observations are that sometimes the workflow through the organisation can be a little disjointed and it is unclear from overall results which areas contribute to profit and quality and which do not. Using Porter's Value Chain model, identify which THREE of the options below are Primary activities.
A decision has been made to close down a branch of a restaurant.
Which of the following is quantitative information produced by the finance function that will have supported this decision being made?
N is working on a project management team for the first time and is aware that there are distinct stages that follow on consecutively in the project management process However, N is unsure of the exact order of these stages
Which of the following indicate the project management stages in the correct order?
Company P is a recruitment agency specialising in placing accountancy and legal personnel in employment. A large part of the role of the agency is to meet the prospective individuals in order to ensure they are placed in the most appropriate roles.
Which THREE elements of the marketing mix relate specifically to the type of business described, to a greater extent than would apply to a manufacturing company?
Corporate governance in the UK, that provides guidance regarding areas such as directors, internal controls and remuneration, is largely defined by which of the following?
Company O has appointed a new CEO who is well known in the industry for making radical changes within the companies that she works for. After her first 9 months in the role, she announced some changes that she wanted to make, starting with the Finance Department. She stressed an intention to focus inwards on improvements to efficiencies and that she was not afraid to make fundamental changes if this is what is required to achieve those improvements. Which of the following is described above?
Which TWO of the following are non-incorporated organisations?
Level one of the contemporary shape of the finance function involves strategic leadership of the finance team. The head of the finance function is.
Y has recently been appointed as the head of a large charity. This is the first not-for-profit organisation that she has been involved with, having gained most of her experience in large retail organisations. She wants to make sure that she understands the differing objectives of her new employer.
Which THREE of the objectives below would be most likely associated with a not-for-profit organisation?
A new Team Leader in Internal Audit has been asking team members about tasks that they do not think are part of their responsibility as they go beyond compliance with legislation. You are preparing a response to this to include an explanation of the requirements of a social audit. Which of the following would you include in your response?
Select ALL that apply.
Which of the following is a reason why businesses need to prepare statutory reports?
Shortly after starting his new role within R, Q begins to suspect that the training opportunities he was offered at interview are unlikely to materialise. Upon discussing his concerns with his manager, Q is made to feel as though his expectations regarding training opportunities were unrealistic as everything included within his employment contract had been honoured. Which of the following applies to the above situation?
Company Y is very bureaucratic. The managers attend high numbers of planning meetings and the employees often complain of being micro-managed. According to Hofstede, which dimension is being described within the culture of Company Y?
Which of the following describes a disadvantage of succession planning?
SSS has adopted some outsourcing practices in order to improve efficiency of its operations. One of the managers has been made aware that the supplier is now also working for a competitor. Which TWO of the following should SSS be concerned with regarding the supplier's and ompetitor's new relationship?
A company manufactures electrical goods and has several product lines, all at different stages in the product life-cycle. As each item works through the life-cycle, the emphasis on marketing and price focus changes. Item X currently has an increased emphasis on investment in the product quality and design, with consideration also being given to reducing the sale price. Item X is in which stage of the product life-cycle?
One of the finance function's main stakeholders provides feedback on customer responses and reviews about the organisation's products and services. Which of the following will provide this feedback?
Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?
N works in the Finance Department of a frozen food distribution company. His role includes analysing how long it takes for customers to settle their accounts and, in turn, when the company's payables are cleared.
Which of the following is described above?
At his recent appraisal CD discussed his development needs with PQ, his line manager. In particular CD has said that he would like the opportunity to take on more responsibility. Which of the following job design techniques could PQ use to support CD's development?.
Which one of the following structures primarily suits a nationwide business with three product lines; for example, soup, condiments and baby food?
The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?
Which of the following best describes the 'passive stage' of purchasing?
Which type of organisation is owned by its customers, strictly speaking is a not-for-profit organisation and is in the private sector?
More and more organisations are developing their supply chain networks by building closer links with suppliers. Which THREE of the following are considered to be features of this trend?
Data warehousing is an essential element of the extraction transformation and loading process.
Which of the following best describes data warehousing?
Which of the following best defines Business Process Re-engineering (BPR)?
Material requirements planning (MRP I) and manufacturing resource planning (MRP II) are computerised systems used for planning the requirements for raw materials, work-in-progress and finished items and integrating with other production processes. These systems enable strong relationships to be forged with suppliers as orders can be placed with suppliers in good time to fulfill customer requirements and expectations, as well as other processes related to materials planning. Which of the following specifically can MRP I and MRP II NOT assist with?
The growth and success of virtual teams have been a result of which THREE developments becoming available to organisations?
Which THREE of the following are characteristics of undifferentiated marketing?
Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?
Which of the following is a feature associated with personnel management rather than the more modern concept of human resource management?
Workforce flexibility takes a number of different forms. Which of the following achieves flexibility where employees have the ability to move between tasks as and when required by the organisation?
Which of the following statements best describes quantitative information?
Karl runs a factory. He wants his employs to feel that their role in the company has meaning.
Which of the following would help to make his employees feel this way?
Which of the following is NOT a feature of a strategic level information system?
M has a new job working in the finance function of HKF. a chain of hotels. At M's interview, new job working in the finance function of HKF. a chain of hotels emphasis on connecting the different activities in the organisation.
Which of the following is an example of connecting the different activities in an organisation'?
Which of the following are the tasks associated with the effective management of the treasury function?
Select ALL that apply.
Which TWO of the following tasks is associated with a Finance Department's Management Accounting section?
Simone is a management accountant at a jewellers called ShinyShiny. She is currently conducting operational reporting for them.
Which of the following will Simone not discover during her operational reporting?
Select ALL that apply.
Mr W wants to replace the family car. The cost of repair is becoming prohibitive so he has agreed with his wife to buy a new vehicle.
Put the tokens below in the correct order to demonstrate the stages in the buying process, according to Lancaster and Withey.
Which of the following is NOT one of the "three V's" of Big Data?
A facilities management company sells to local councils.
Which THREE of the following are appropriate methods of marketing?
Which of the following are advantages of a virtual team?
Select ALL that apply.
LFN is a tuition provider
The finance function has recently migrated all accounting systems onto cloud software which is expected to considerably streamline the existing systems.
The Managing Director is keen to promote the benefits of the new software in terms of increased accuracy of reporting and availability of real time management information.
However, the Finance Director has concerns and is feeling pressured to keep quiet about the ability of the technology to achieve all that is expected
Which of the following ethical principles is highlighted within LFN?
Which TWO of the following key business areas can a standard cost record assist with?
The psychological contract is by nature:
The marketing environment includes political, economic, social, technological, ecological and legal factors affecting marketing (PESTEL). Select THREE examples of economic factors.
Which of the following is NOT a key feature of total quality management (TQM)?
Which of the following are measures a business might introduce specifically as part of its Corporate Social Responsibility (CSR) strategy?
Select ALL that apply.
Which of the following effects on tax is a benefit of the implementation of Corporate Social Responsibility (CSR) strategies?
Which of the following is an example of a formal relationship in which two organisations legally contract to co-operate in defined ways to achieve specific commercial objectives?
XYZ company is a large public limited company, registered in the UK and required to be externally audited Who is responsible for appointing the external auditors?
The Sales Manager has called his usual monthly meeting with his sales team and presented the monthly sales budget broken down into weekly targets for each member of the team. What type of planning is this?
The structure of an organisation is likely to change as the organisation develops and grows. Which type of structure is associated with an organisation which is in its early days?
AB Company has recently produced a very successful brand of washing powder which has achieved high market growth and a high market share. According to the Boston Consulting Group (BCG) matrix what is the product's next stage of development?
Which of the following is a disadvantage of virtual operations?
Company P has had a recent IS/IT audit and weaknesses were highlighted within the privacy and security section of the report. Which TWO of the following would be classed as general controls of privacy and security?
YZ Company has grown rapidly and has recently recruited a finance director to set up a more structured finance function. During this process care will be needed to ensure effective lines of communication between different disciplines within the whole function and to recognise the interdependencies.
Which of the following are examples of the interdependence of elements of the finance function?
Select ALL that apply.
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