Question 1

Which THREE of the following strategic activities are objectives useful for?

Options :

A : To assess stakeholder power, To generate strategies for the company, and To control the company

B : To determine operational priorities, To generate strategies for the company, and To assess stakeholder power

C : To write a mission statement, To generate strategies for the company, and To control the company

D : To determine operational priorities, To generate strategies for the company, and To control the company

Answer: D

Question 2

A large retail company is working on its annual plan. The company has had several year of declining sales and net income. The business development team, along with the store managers, developed a forecast for sales in the upcoming year. The CEO challenged them to do better, and said he expected a further 10% increase in sales volume. The finance team made the adjustment, but the bottom line is still negative. Executive level managers are under pressure to turn the company around. At a meeting with senior management, the business development team says that it is unreasonable to expect higher volume without a bigger investment in marketing, which the company is not willing to do.A planning analyst is later instructed by the CFO to increase the sales volume in the annual plan. The analyst is aware of the concerns of the business development team and is worried that increasing the volumes is not in the best interest of the company and might even be unethical. The company does not have established policies regarding how to handle such a situation. According to IMA's Statement of Ethical Professional Practice, the analyst should

Options :

A : take the issue to the media.

B : discuss the issue with a friend outside the office.

C : take the issue above the CFO level to the next higher level of management.

D : discuss the issue with the CFO.

Answer: C

Question 3

Which of the following most accurately describes the Balanced Scorecard (BSC)?

Options :

A : A tool that is used to evaluate potential threats and possible alliances in the marketplace

B : A tool used to evaluate the strengths, weaknesses, opportunities, and threats of an organization

C : A tool that is not helpful to not-for-profit organizations in planning and executing business strategy

D : A tool centered on the organization-s strategic vision and strategic mission

Answer: D

Question 4

An appreciation of the U.S. dollar against the Japanese yen would

Options :

A : increase the cost of buying supplies for U.S. firms.

B : make U.S. goods more expensive to Japanese consumers.

C : make travel in Japan more expensive for U.S. citizens.

D : increase the translated earnings of U.S. subsidiaries domiciled in Japan.

Answer: B

Question 5

Which of the following is a driver behind globalisation?

Options :

A : Trade barriers lowering

B : Greater economies of scale

C : Political incentives

D : Exchange rate volatility

Answer: A

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