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Which of the following is a possible disadvantage associated with a matrix structure?
It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?
Select ALL that apply.
M is employed by an organisation that operates a chain of high street coffee shops. She has made a decision to purchase a failing cake shop in order to take it over and expand the presence of the organisation in the local area. According to Mintzberg, which part of the organisation does M belong to?
Company A works closely with its customers, suppliers and other business partners. It securely shares part of its private network with this group of stakeholders
Which of the following best describes the type of network that Company A operates?
Assessment centres can use a range of techniques to assess an applicant ' s competencies against pre-set criteria. Which document would set out the competencies required for them to compare against?
XBY has recently started making use of big data analytics to assist in producing market predictions It is using software to process large data sets by utilising multiple servers simultaneously.
Which of the following best describes the term for this software?
When testing an information system before it goes live, using contrived testing will present the system with which type of data and transactions?
Which of the following are advantages of outsourcing finance? Select ALL that apply.
Which of the following are types of connected stakeholders? Select ALL that apply.
Cloud computing is a growing IT strategy In which THREE of the following situations would this be a sensible IT strategy?
AB Company is currently the sole supplier of raw material to XY Company and has recently increased its prices. This has been highlighted by a raw material price variance in the management reports of XY Company, and in order to correct this the Finance Director has recommended that an alternative cheaper supplier be found as soon as possible. The Purchasing Department has indicated that only AB is able to supply all of the company ' s requirements and has been doing so reliably to a high quality on a just-in-time (JIT) basis for many years. Finding an alternative will involve purchasing from several unknown suppliers. Which of the following are possible consequences of this decision?
Select ALL that apply.
Which of the following statements regarding Just-In-Time (JIT) are true?
1:The main aim of JIT it to ensure a business has a sufficient amount of leftover stock, just in case it ' s needed further down the line.
2:Although the benefits of JIT are many, its use can end up harming supplier relations.
3:JIT generally results in lower costs for the business using it.
L and M are setting up a business offering guided hiking holidays in national parks throughout the world. The price of the holidays will include airfares and accommodation; their initial research shows that there will be a huge variability in the cost of both.
What type of pricing will be appropriate for their holidays?
At his recent appraisal CD discussed his development needs with PQ, his line manager. In particular CD has said that he would like the opportunity to take on more responsibility. Which of the following job design techniques could PQ use to support CD ' s development?.
Which one of the following is NOT part of the role of Human Resource Management?
Organisation X is 6 months into an overhaul in its supply chain management and production process.
The organisation aims to prevent errors before they occur, demands participation by all, including customers and suppliers, and the structure is driven by the entire Board of Directors. Which method of management has Organisation X adopted?
The structure of an organisation is likely to change as the organisation develops and grows. Which type of structure is associated with an organisation which is in its early days?
Mita has set up a number of food shops and spends a lot of her time finding suitable staff Her key strength is going to farmers ' wholesale markets and selecting her suppliers She also carries out all the accounting functions and maintains the shops by acting as her own caretaker, carrying out repairs and maintenance at the weekends
Which aspect of the work would Mita be LEAST LIKELY to outsource?
N works in the Finance Department of a frozen food distribution company. His role includes analysing how long it takes for customers to settle their accounts and, in turn, when the company ' s payables are cleared.
Which of the following is described above?
AB Company is planning to produce a new product which will require an extra shift to be worked in its factory, and needs to know if the sales expected will cover the extra cost of manufacture. Which of the following financial processes will be used to calculate this?
In a manufacturing company, it is important to maintain the correct levels of inventory, with particular attention to holding and ordering costs. For each of the types of costs listed below, identify whether these are holding costs or ordering costs:
Which of the following are associated with the mission of an organisation?
Select ALL that apply.
According to Ansoff, which of the following marketing strategies should be adopted when introducing an existing product to a new market?
A company offers life coaching and self-improvement training. As part of its promotion strategy, the company sends out free, heavily branded, daily motivational emails to all of its subscribers. It actively encourages its subscribers to forward its emails on to other contacts, provided the emails are not changed in any way. Which of the following marketing strategies is described above?
Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering.
Which of the following statements is true?
Which of the following statements is correct in relation to a tall organisation?
The board of company B, a small company, is meeting to discuss the financial year end accounts following the first year of a consolidation of operations.
Of the results provided, select whether each set of information should be reported externally or internally.
Kolb ' s learning cycle suggests that learning is a series of steps based on learning from experience.
Match the various stages of the cycle with the correct description.
Which of the following best describes the concept of corporate digital responsibility?
SSS has adopted some outsourcing practices in order to improve efficiency of its operations. One of the managers has been made aware that the supplier is now also working for a competitor. Which TWO of the following should SSS be concerned with regarding the supplier ' s and ompetitor ' s new relationship?
Which TWO of the following are important aspects of the product in the marketing mix?
A financial training company is reviewing its current HR policy in relation to the ongoing training required by all professionally qualified employees. Part of this process will also help to identify individuals suitable for promotion in the near future.
Which element of the HR cycle is described above?
Which area of a Finance Manager ' s job role do the following tasks fit into?
Place the appropriate role against the task.
Company X is a manufacturing company. It is implementing a new IT system within the accounts department.
Which of the following is the most appropriate organisational structure for this project?
Which THREE of the following describe the role process maps can play in an organisation?
The secondary objectives of a not-for-profit organisation are economy, efficiency and effectiveness.
Which of the following gives the correct description of each of these?
A
Economy: Controlling costs.
Efficiency: Achieving objectives at minimum cost
Effectiveness A measure of achievement by reference to objectives
B
Economy Achieving objectives at minimum cost
Efficiency: A measure of achievement by reference to objectives
Effectiveness Controlling costs.
C
Economy: Controlling costs.
Efficiency: A measure of achievement by reference to objectives.
Effectiveness: Achieving objectives at minimum cost.
D
Economy: Achieving objectives at minimum cost.
Efficiency: Controlling costs.
Effectiveness A measure of achievement by reference to objectives
Company V has made the decision to operate using Six Sigma in order to manage the supply chain within the production process. What process below is the method used to continually monitor and chart a process while it is operating?
In preparation for GD Company ' s annual people resourcing meeting, PR is creating the HR Plan for the Finance Directorate. He is currently collecting information for the second stage of the plan i.e. Internal Analysis. Which THREE of the following will PR need information about for this stage?
Which of the following sources of data will have limited usefulness to finance professionals?
Appraisal systems involve the collection of feedback on an individual ' s performance from a range of sources. Which of the following sources apply to 180-degree appraisal?
Select THREE sources that apply.
Bright Idea Co. specialises in manufacturing light bulb filaments. It is considering outsourcing some of it activities in order to reduce costs and improve customer service.
Which of the following is an example of asset specificity that is likely to be an important consideration in their decision?
JKL is a rapidly growing supermarket chain and is considering merging with a smaller competitor to continue its expansion plans
T works within the finance department and is assisting in the decision making process by preparing summary reports concerning the merger.
What level of decision making is T supporting?
Which of the following can facilitate innovation within an organisation?
Select ALL that apply.
Having the right assets and making the best use of them is crucial if an organisation is to achieve its strategies on a sustainable basis. Which of the following best describes the row of the finance function in relation to an organisation’s assets?
LFN is a tuition provider
The finance function has recently migrated all accounting systems onto cloud software which is expected to considerably streamline the existing systems.
The Managing Director is keen to promote the benefits of the new software in terms of increased accuracy of reporting and availability of real time management information.
However, the Finance Director has concerns and is feeling pressured to keep quiet about the ability of the technology to achieve all that is expected
Which of the following ethical principles is highlighted within LFN?
Company T needs to update its forecast for the remaining 9 months of the financial year to comply with its bank financing convenants. There is a debate between the manufacturing department, which wants to replace some large equipment within the next six months, and the finance function, which wants to ensure that sufficient reserves have built up to fund the purchase outright rather than exploring further financing options. Which conflicting factors are the two departments debating?
Select ALL that apply.
Which of the following are examples of a parallel changeover?
Select ALL that apply.
AB Company has recently produced a very successful brand of washing powder which has achieved high market growth and a high market share. According to the Boston Consulting Group (BCG) matrix what is the product ' s next stage of development?
A new manufacturing firm has been growing very rapidly. Both its output and hired staff have increased dramatically, and it ' s looking like the business will have to physically expand sometime in the near future.
The company ' s managing director decides to outsource the payroll of the business to an external provider.
What are his likely reasons for making this decision?
Clear career progression is an advantage of which type of organisational structure?
P is employed by an organisation which pays well for work done to a high standard. P is fortunate in that he really enjoys his work, takes great pride in the presentation of his deliverables and always seeks ways to improve his approach and output. Which reward classification is described above?
Which of the following is an example of a formal relationship in which two organisations legally contract to co-operate in defined ways to achieve specific commercial objectives?
GBX has been receiving adverse customer feedback regarding late deliveries. As a result, it has decided to review its delivery logistics systems and related performance indicators.
The management team are discussing the introduction of a Key Performance Indicator (KPI) which allows a maximum of three hours to deliver a customer order
Which of the following SMART criteria is unlikely to apply to this KPI?
DTR is a publishing company specialising in the production of technical journals and product specifications
Because of the volumes of information required to run the business effectively, the finance function of the company is considering migrating to cloud based technologies.
Which of the following is most likely to be a benefit of such a move for the company?
Strategic leadership by the finance function involves so-called level 1 activities.
These activities involve which of the following?
Which of the following best describes a virtual team formed by individuals from different companies to achieve a common aim?
You work for a pharmaceutical company and during any one year cames out a range of different activities and projects. Which of the following sets of activities can be said to be connecting influence to impact?
Continued improvements in Information Technology have encouraged organisations to use IT increasingly to assist in their development. Which of the following is such an improvement in IT?
During the past six months NVT has been undergoing a study, as part of a rationalisation programme to review the profitability of each of its retail stores.
As a result, 30 stores have been identified for closure T with a further 50 stores selected to receive an investment of funds in order to remain profitable going forward. Throughout this process NVTs finance function has worked alongside others in the organisation providing advice and guidance.
Which TWO of the following areas has the finance function most likely been involved with as part of the review?
Karl runs a factory. He wants his employs to feel that their role in the company has meaning.
Which of the following would help to make his employees feel this way?
G Company has recently undergone a series of redundancies meaning that, in the near future, opportunities for promotion of remaining staff are likely to be limited. If the company wishes to keep staff motivated, which of the following techniques should NOT be used?
Which TWO of the following are the responsibility of the Chief Financial Officer (CFO) in achieving the desired organisational impact?
AcrossThePond is a ferry company that has just slashed their prices for trips scheduled to Europe between August and November - they are now almost half as cheap!
Why would AcrossThePond do this?
Select ALL that apply.
Cyber and physical systems becoming increasingly autonomous is part of which characteristic of the 4th industrial revolution?
C Company is a manufacturer of components for the electronics industry. Although enjoying healthy returns in the past, results for the last two years have shown a decline in profit. G has been brought in as the new Operations Manager. In her previous role, she was responsible for turning around a struggling organisation by using process mapping tools and she feels that this approach could also benefit her new company. Which of the following is NOT a feature of process mapping?
Which of the following functions is associated with the operating core of an organisation?
In order to understand the potential for conflict over the functioning of a finance department, B organisation ' s new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?
Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering In this context strategic partners are
JKL is an online marketing agency and is currently developing its systems to improve efficiency in storing and retrieving data
P works in the finance function and is currently assisting the development of a technical map of rules and data structures to enable the data to be stored effectively in JKL ' s new databases.
At what level of the data modelling process is P working on?
When considering companies which focus on more than just commercial issues, which TWO of the following would be associated as a key element of a corporate social responsibility (CSR) strategy?
Which of the following would work as Support Staff in Mintzberg ' s organisational structure?
The process of human resources planning would involve the following: strategic analysis, forecasting, job analysis and recruitment and training. Which THREE of the following are issues relevant to forecasting?
When implementing a new IT system and according to the theory of Kotter, Schlesinger and Sache, which of the following is a benefit of using participation as a way of overcoming resistance to change?
The Finance Director has been asked to produce a cost saving plan for the organisation which is to come into effect immediately. His initial suggestion to enable quick savings is to cut the staff development and training budget by 50%. Before he publishes the plan he has asked you to review it and let him know what the effect of this may be in the short term.
Select ALL that apply.
A manufacturing company had major issues with quality standards and as a result received a number of complaints from its customers.
Due to this the company ' s senior management has considered some new objectives for the business.
Which of the following comply with all requirements of a SMART objective and will help to overcome this issue?
Select ALL that apply.
HKD is an online marketing company Its finance function is currently preparing budgets for the coming period.
At which stage of value creation is HKD ' s finance function currently playing a key role?
Data science is increasingly important in the production of business focused data It consists mainly of experts with backgrounds in mathematics, programming and computer science
Which of the following best describes the attributes of a data scientist?
K manages the finance function of a cable manufacturing business In order to cope with an increasingly diverse workload K needs human resources to recruit someone with a digital mindset
Which THREE of the following individual charactenstics should K emphasise to human resources as important in finding the right candidate?
A high volume operation is likely to be characterised by which of the following?
Which of the following is a feature associated with personnel management rather than the more modern concept of human resource management?
Which of the following is an example of sustainability impacting operations management?
Company P has had a recent IS/IT audit and weaknesses were highlighted within the privacy and security section of the report. Which TWO of the following would be classed as general controls of privacy and security?
The following statements are from which section of the UK Combined Code?
1:The board should disclose a balanced and understandable assessment of the company ' s position and prospects in the financial reports.
2:The board should maintain an appropriate relationship with the company ' s external auditor.
Corporate governance in the UK, that provides guidance regarding areas such as directors, internal controls and remuneration, is largely defined by which of the following?
Company Y is a new business that prides itself on being green and ethical. It uses renewable energy to run its factories, abides by all the rules and regulations and regularly donates money to sustainable development
charities around the world, despite occasionally being unable to fully pay its workers.
Why is Company Y in violation of Carroll ' s CSR pyramid?
Capturing and utilising big data is now a key element of many organisations ' value adding process. Which of the following best describes the attribute of big data velocity*?
TESTED 01 May 2026
