Question 1

Which of the following statements are consistent with an effective strategic approach to supply chain management within a manufacturing Organization?
Select ALL that apply

Options :

A : Identifying new opportunities for close liaison with an Organization-s key suppliers and key customers, supported through the effective use of IT.

B : Anticipating and responding to the increasing legal, consumer and ethical demands being made on an Organization-s supply chain.

C : Effective supply chain management plays an important role in contributing to the Organization-s overall success.

D : A senior member of the management team has oversight and responsibility for supply chain activities within the business.

E : Recognising product liability is easily transferred from the manufacturer to the retailer.

F : Industry consolidation has no impact on an Organization-s position within its supply chain.

Answer: A,B,C,D

Question 2

SSS University wishes to introduce a new Car Park Management Strategy (CPMS). The aim of this strategy is to reduce the use of private cars and to encourage sustainable transport, such as cycling and public transport, by staff and students. SSS has decided to reduce the number of car parking spaces and introduce parking charges.
The Management Accountant has decided to use the Balanced Scorecard to help prepare a performance management system to assess the performance of the new CPMS.
Which of the following is an example of the Innovation and Learning perspective of a Balanced Scorecard for SSS?

Options :

A : Easy access to car parking spaces.

B : Number of days of training for car park attendants.

C : Reduction in complaints from customers.

D : Speed of processing the payment for parking charges.

Answer: A

Question 3

MMM operates leisure parks in Country S. a mature economy in Europe. These are parks that are popular with people between the ages of 8 and 25 years who visit them to ride on the high speed roller-coasters and to visit other attractions at the parks. Nearly 60% of visitor expenditure is to buy meals and drinks at the park MMM estimates that 20% of its visitors travel to its parks from outside Country S.
Which THREE of the following environmental changes will have the greatest impact on MMM in the next five years?

Options :

A : The growing strength of the emerging economies in Africa, Asia and South America.

B : The average age of the population in Country S is increasing because of a fall in the birth rate.

C : An increase in the statutory minimum wage in Country S.

D : Introduction of government restrictions on the number of students and tounsts permitted to enter Country S.

E : The opening of a rival leisure park in Country S with more modern rides and attractions.

Answer: A,B,D

Question 4

GGG is a successful airline and has a proven record in successfully exploiting the resources it obtains Which of the following might create an additional Core Competence for GGG?

Options :

A : Unique rights to operate from the most popular airport serving a capital city.

B : The airline operations that operate below the level of middle management.

C : Sufficient aircraft to operate a good timetable.

D : A market with more passengers than the existing airlines can satisfy.

Answer: A

Question 5

The Management Accountant in company PP has been asked by the Finance Director to produce a paper on'Game Theory' for the next Board meeting.
Which of the following is a valid statement?

Options :

A : Game Theory treats strategy as an interaction between the Organization and its customers.

B : Game Theory suggests that Organizations should not interact with the external environment.

C : Game Theory studies the strategic interactions among rational players.

D : The information culture would be a key consideration to study as part of the Game Theory.

Answer: C

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