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Extra info for CIMA E3 Strategic Management: Objective Test Question Kit
1) and (2) only. (2) and (4) only. (1), (3) and (4). Which of the following are reasons why an organisation needs an IT strategy? 7 IT is best left to the technical department. The success of business depends on the quality of the information in the organisation. IT does not affect everyone in the organisation. IT can provide the organisation with the competitive advantage needed for commercial success. IT is not a capital investment, but an expense. AAA is a manufacturer that operates e-procurement as part of its approach to Supply Chain Management (SCM).
5 Which of the following does NOT represent a drawback of globalisation? 6 Difficulties with co-ordinating activities. Increased risk of focussing on a single market. Potential relocation costs for key staff. Lack of local knowledge. Bionic Buttons Ltd (‘Bionic’) is a company that manufactures computer peripherals such as keyboards and mouses. Historically, the company was successful due to a number of patented technological innovations. However, in more recent times competitors have developed equally effective, and at times, better products using alternative and emerging technologies.
D VERY POOR: the person who wrote this has failed to recognise that ethical issues are involved and has made no attempt to address them. 3 Which of the following factors associated with international trade would be the most appropriate to classify under the 'P' heading in the 'PEST' model? 5 Shipping costs and insurance Legislative treaties and increased governmental risk Economic development and government grants Social customs and educational levels When deciding whether to continue or cease production of an unprofitable product, which of the following factors would you want to consider?
CIMA E3 Strategic Management: Objective Test Question Kit by BPP Learning Media