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Questions # 81:

Which THREE of the following issues relate to the Corporate Strategy of an organization? (Choose three.)

Options:
A.

Entering new industries.

B.

Avoiding competitive disadvantages.

C.

Achieving advantage over competitors.

D.

Meeting the needs of key customers.

E.

Leaving existing industries.

F.

Acquisitions, disposals and diversification.

Expert Solution
Questions # 82:

QQQ has identified a new strategy which is both Suitable and Feasible However, it will not be Acceptable to some groups of QQQ's stakeholders who have publicly objected to it.

Which THREE of the following statements are correct ways of resolving competing stakeholder objectives, as suggested by Cyert and March?

Options:
A.

Negotiate with the key stakeholders to achieve an acceptable compromise.

B.

Conduct research into the causes of the stakeholders' objectives.

C.

Offer to fully address one group of stakeholders' objections now with a promise to meet the other groups' objections in the future

D.

Threaten to close down the business unless the objectors withdraw their opposition

E.

Publish more information about the new strategy including its profit potential.

F.

Exercise the Board of Directors' power and implement the strategy despite the objections.

Expert Solution
Questions # 83:

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.)

Options:
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.

Expert Solution
Questions # 84:

The Financial Director (FD) of your company has heard it said that 80% of profits come from 20% of customers. The FD has accused the sales team of wasting time on serving customers who are not valuable to the business.

 The FD has instructed you to take a random sample of 100 customers and to calculate the total contribution the company earned from each customer in the past year. The FD intends to instruct the sales team to stop selling to the bottom 25% of these customers in order to improve profitability.

Which THREE of the following factors should the FD consider when he interprets your results?

Options:
A.

It will ignore many customer attributable costs that differ widely from customer to customer.

B.

This would not consider the future potential of the customer.

C.

This doesn't take into account the value of the customer in referring new customers to us.

D.

This would not consider the total contribution from the combination of products which the customer buys.

E.

It is ethically wrong to stop supplying unprofitable customers.

Expert Solution
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