Exactprep E1 Questions

Managing Finance in a Digital World Questions and Answers

Question 33

Which of the following is a feature of an organisation that has adopted a sales orientation?

Persuasive promotional policies

Producing the right product

Selling in the right place

Selling at the right price.

Question 34

Which TWO of the following are activities associated with setting up a new IT system?

Service support

Database management

Design and development

Testing

Question 35

The Statement of Financial Position is NOT normally used to make decisions concerning which of the following?

Material purchases

Buildings

Trade payables

Reserves

Question 36

Which of the following is an advantage of a functional organisational structure?

There is a clear career path for employees to work their way up through.

The owner has a greater level of control over the workforce and all decisions.

The structure is easily adapted for further diversification.

It encourages teamwork and the exchange of opinions and expertise.