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Question 36

Select the ethical principle which is most likely to be challenged in each of the following situations.

Options:

Question 37

A grocery store has analysed its recent sales and identified that customers who purchased fresh strawberries also purchased ice cream at the same time in 65% of transactions.

 

Which of the following best describes the results identified in the analysis carried out by the grocery store?

Options:

A.

Sequencing

B.

Association

C.

Clustering

D.

Classification

Question 38

JJJ is a private company belonging to a famous former athlete. It operates gyms and fitness clubs across its home country. Each gym or fitness club is treated as a profit centre and the manager of each centre is paid bonuses based on its financial performance.

 

Three years ago it introduced multidimensional performance measures into its management control systems. These measure capacity utilisation, financial performance, competitiveness, innovation, and the flexibility of its centres to cope with changing demands.

 

The managers of its centres have been leaving at a very high rate over the last two years. They have claimed that the measures are too open to interpretation and when they think they are improving the centre's performance they are told they are doing the wrong thing. They also complain that the managers in the centres near big cities find it much easier to reach their targets than the managers of other centres.

 

Using Fitzgerald and Moon's Building Block model,  where does the problem lie?

Options:

A.

Standards and Rewards

B.

Dimensions and Rewards

C.

Dimensions and Standards

D.

Standards, Dimensions and Rewards

Question 39

CIMA has conducted research into the implications of sustainability for business.  CIMA's report contained a number of key conclusions. Which of the following statements was NOT a conclusion in CIMA's report? 

Options:

A.

Strong ethical principles can add great value to a brand.

B.

Reporting on sustainability needs to provide hard evidence of the positive impact on society.

C.

Management Accountants have a responsibility to promote an ethics-based culture.

D.

The ethical tone within a business must come from the bottom.

Page: 9 / 10
Exam Code: E3
Exam Name: Strategic Management
Last Update: May 2, 2024
Questions: 280
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