DRAG DROP

QR is a conglomerate with two divisions, A and B. Given the information below, select the most appropriate strategy for each division to implement.

Select and Place:

DRAG DROP

In order to organize the value-adding activities to support a chosen strategy, Porter's Generic Strategies are often applied within an organization's value chain.

Against each of the activities listed below, select the Generic Strategy which best defines the strategic approach being taken.

Select and Place:

As a CIMA qualified management accountant working within a manufacturing company, you are subject to both CIMA's Code of Ethics and your company's Code of Business Conduct. Which TWO of the following statements are TRUE? (Choose two.)

A. As a CIMA qualified Management Accountant you must follow CIMA's Code of Ethics.

B. Where there is a difference between CIMA's Code of Ethics and the company's Code of Business Conduct, the company's Code of Business Conduct takes priority.

C. Both CIMA's Code of Ethics and the company's Code of Business Conduct must be based on a set of basic principles.

D. Both CIMA's Code of Ethics and the company's Code of Business Conduct include references to Confidentiality. Disclosure on public interest grounds is therefore prohibited.

E. A company's Code of Business Conduct can be rules based.

HHH is an international distribution company which operates a number of large distribution warehouses. HHH employs over 10,000 staff who operate the warehouses 24 hours per day and process over 500,000 packages and parcels each day. HHH operates in a highly competitive market and the senior management team recognize the importance of focusing upon its Critical Success Factors (CSF's). However, some senior managers are confused as to the difference between CSF's and Key Performance Indicators (KPI's).

Which of the following are Critical Success Factors for HHH? (Choose all that apply.)

A. Percentage of stock damaged.

B. Market share percentage.

C. Customer satisfaction.

D. Continual maintenance of warehouse facilities.

E. Time taken to load and unload deliveries.

F. Efficient staff planning systems.

According to Porter's Five Forces model, which of the following would be evidence of high buyer power?

A. There is a low probability of backward integration.

B. Products are not standardized and buyers cannot easily switch to another product.

C. Buyers are fragmented and act independently of each other.

D. There is a concentration of buyers.

SDC is a medium sized IT systems development company. SDC employs highly qualified and experienced systems development experts. It invests heavily in staff training and development and as a result, staff are highly motivated and staff turnover is low. SDC has a strong culture of team work and innovation, which the senior managers believe is the basis of SDC's success. The senior managers, who are also the founders of SDC, are highly experienced and have a strong vision for the business.

Which THREE of the following factors would be the main focus of a resource audit for SDC? (Choose three.)

A. Make-up

B. Markets

C. Manpower

D. Machinery

E. Management

F. Money

DF Company is undertaking a strategic review of its activities and has asked you to explain how a Force Field analysis would assist in the review process.

Which of the following statements would be most appropriate?

A. As part of DF's strategic review, identify forces facilitating the need for proposed change.

B. Identify forces facing DF's activities that may create barriers and resistance to change.

C. Provide a framework for identifying forces for and against the proposed changes within DF.

D. Identify influential senior managers who will drive through changes in DF's strategic direction.

'Big data' refers to datasets whose size is outside the ability of typical database software tools to capture, store, manage and analyze.

Which of the following statements is NOT a valid statement with regard to 'big data'?

A. 'Big data' will require the right infrastructure, incentives and safeguards to address public concerns.

B. As technology advances overtime, the size of datasets that qualify as 'big data' will also increase.

C. The definition of 'big data' can vary by sector, depending on the software tools and dataset sizes common to a particular industry.

D. Sufficient analytical and managerial talent is available to exploit the opportunities associated with 'big data'.

Country W hosts a large music competition every 5 years, which is attended by many international musicians. The success of the competition is dependent upon effective Customer Relationship Marketing being established with many different market groups around the world. These include music colleges who send their students, broadcasting companies who broadcast the event on radio and television, audience members, online ticket sellers and music journalists who write about the competition in specialist journals.

Using Payne's 'Six Markets Model', which of the following is the correct classification for the music journalists writing about the competition?

A. Customer market

B. Supplier market

C. Referral market

D. Influence market

ABC is an independent training provider in Country F. It provides training in business related subjects to a wide range of corporate customers. All of its tutors must possess a nationally accredited training qualification before being allowed to teach and all of its courses follow nationally accredited programmes which are externally monitored. This is considered to be a critical aspect of its business reputation.

ABC has one major competitor, XYZ, within Country F. XYZ offers similar courses to ABC but its tutors do not have to have an accredited training qualification and its courses do not follow the national accredited programmes. The style and content of courses varies significantly between XYZ's centers.

There are a number of universities which offer nationally accredited courses within Country F. ABC does not consider these as competitors because typically they attract students wishing to undertake degree courses. The average university pass rate for nationally accredited programmes is currently higher than ABC's.

Which of the following types of benchmarking would be most useful for ABC?

A. Process

B. Internal

C. Competitor

D. Strategic