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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?

Options:

Ensunri9lne outsourcer maintains the agreed service level.

Agreeing an acceptable service level agreement.

Monitoring asset purchases associated with the agreement

Determining which supplier is the cheapest.

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Question 2

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?

Options:

La Vie En Rose focused primarily on the selling and promotion of a product.

The perfumery based their marketing around customer needs.

The perfumery were chiefly concerned with the quality of La Vie En Rose.

They specialised in producing as much as possible of a given product or service.

Question 3

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'?

Options:

Collecting data from recruitment agencies who supply temporary staff to HKF hotels.

Producing time charts of how finance staff spend their time on different tasks.

Cleaning the data that is produced with regard to room occupation and food and drink.

Providing budgets and reports to the managers of the hotel restaurants

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