PRC-5 First NameLast NameEmailPhone/MobilePreviousNext Q-1 Andrew is involved in reviewing the performance of the company's product portfolio to ensure overall corporate targets for market share and profitability are met. He is also responsible for recommending the discontinuation of any unprofitable products and for initiating new product development opportunities. To achieve this, Andrew must collect his market research and relevant sales and cost data from a number of divisional sales managers in a wide range of geographical markets before he can analyse them. Ben analyses the standard cost variances from the departmental budgets and has produced an exception report for his manager which lists the main variances. Ben needs to further explain and explore the exact causes of each of these variances with his manager to agree with him a set of departmental recommendations for the next budgetary period. Camilla has developed a vision for the general direction of the business over the next three or four years. She has had to think about 'Where are we now.....where do we want to be' and put forward a set of formal proposals. Camilla must provide this information to all board members for discussion at the next directors' meeting, to which she is invited. Davinia works as a sales ledger and credit control officer. She is responsible for posting sales invoices into the personal accounts of customers and reconciling the individual customer account balances with the total from the receivables control account. She is also responsible for credit. control. As part of the latter role, Davinia must contact particular customers to urgently establish when they will settle their accounts and to warn them of pending legal action if they do not provide a satisfactory response.(i) Use Anthony's hierarchy of management activity to select the type of management activity carried out by each person,DaviniaTacticalOperationalAndrewBenCamillaDaviniaQ-2 'An organisation is a social arrangement which pursues collective .............. controls its own performance and which has a boundary separating it from its environment." Which of the following words completes this sentence appropriately? Profits Stakeholders Goals TacticsQ-3 What is the term given to the idea that the combined output of a number of individuals working together ............. will exceed that of the same individuals working separately? Sympathy Specialisation Synergy Systems thinkingQ-4 Which of the following statements is true? Limited company status means that a company is only allowed to trade up to a predetermined turnover level in any one year. For organisations that have limited company status, ownership and control are legally separate. The benefit of being a sole trader is that you have no personal liability for the debts of your business. Ordinary partnerships offer the same benefits as limited companies but are usually formed by professionals such as doctors and solicitors.Q-5 An organisation is owned and run by central government agencies. The organisation should be described as which of the following statements? A voluntary sector organisation A private sector organisation A public sector organisationQ-6 Which of the following groups may be considered to be stakeholders in the activities of a nuclear power station? (i) The government (ii) Environmental pressure groups (iii) Employees (iv) Local residents (i), (iii) and (iv) (i), (ii), (iii) and (iv) (iii) only (i) and (iii) onlyQ-7 Which of the following organisations would rely most heavily on value for money indicators and efficiency rather than information on performance and profitability? A private accountancy college A local authority A small retailerQ-8 ADB is a business which is owned by its workers. The workers share the profits and they each have a vote on how the business is run. Which of the following should be used to describe ADB? Public sector 0. Not-for-profit Co-operative Previous Submit Exam
