Question : 51) To be successful a company should be 51) ______ : 1196048

 

 

51) To be successful a company should be  

51) ______

A) employee driven.

B) customer driven.

C) management driven.

D) executive driven.

E) “driven” by the board of directors.

 

52) There is many aspects of a company that managers should focus on.  Which of the following is NOT a key success factor for managers in terms of today’s customer satisfaction?  

52) ______

A) ensuring that cost and quality don’t change

B) innovative products and services.

C) increased quality

D) more reliable delivery dates

E) reduced costs

 

53) Which of the following would score HIGH in terms of Business Criticality and Practice Innovation?  

53) ______

A) new fundamentals

B) E-business for employees

C) operational excellence

D) rational experimentation

E) breakthrough strategies

 

54) Which of the following would score LOW in terms of Practice Innovation, and  HIGH in terms of Business Criticality?  

54) ______

A) breakthrough strategies

B) operational excellence

C) E-business for employees

D) new fundamentals

E) rational experimentation

 

55) Whose perceptions of the company’s products or services are the most important to the manager?  

55) ______

A) customers’ perception

B) competitors’ perception

C) president’s perception

D) stockholders’ perception

E) board of directors’ perception

 

56) A budget is defined as  

56) ______

A) the qualitative expression of a plan.

B) an aid in controlling income.

C) an aid in coordinating and implementing a plan.

D) the quantitative expression of a plan of action by management.

E) the quantitative expression of a plan and an aid in controlling income.

 

57) Understanding the reasons for any difference between actual results and budgeted amounts is an important aspect of  

57) ______

A) kaizen management.

B) extended value-chain analysis.

C) management by perception

D) management by exception.

E) forecasting for the next accounting period.

 

58) Which of the following is a major benefit of utilizing a budgeting system?  

58) ______

A) It always results in more profitable decisions.

B) Once a successful budget is developed, it can be re-used year after year.

C) It saves costs by utilizing historical data to make projections.

D) It forces coordination and communication

E) It is easier for managers than traditional decision-making models.

 

59) Once a plan is implemented, the control process  

59) ______

A) ensures that managers follow the pre-existing plan.

B) requires top management permission to change.

C) should allow the originating manager(s) to keep lower-level managers from making changes.

D) should be flexible.

E) should be followed rigidly.

 

60) A well-conceived plan allows managers to have the ability to  

60) ______

A) underestimate the costs so that actual operating results will be favourable when comparisons are made.

B) stay the course regardless of the outcome.

C) take advantage of unforeseen opportunities.

D) leave the system and let the plan continue on its own.

E) stay with the pre-existing plan when things start to change for the better.

 

 

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