56 Questions
Which model emphasizes the importance of cost control and revenue maximization in strategic implementation?
Classical Model
Which model is characterized by its flexibility and recognition of personal biases?
Processual Model
Which model provides a support system for understanding the environment, resources, and potential of an organization?
Classical Model
Which model views the strategist as a 'rational economic man' who makes informed rational choices?
Classical Model
Which model involves a 'planner' in the strategic team within an M-form entity?
Classical Model
Which model focuses on top-level decision-making and distinguishes between planning and implementation?
Classical Model
Which model recognizes that strategists have 'bounded rationality' due to circumstances, events, and personal biases?
Processual Model
Which of the following is an example of a business strategy that prioritizes gaining market share over profit?
Chinese Guanxi
Which term refers to the concept of building and maintaining strong personal relationships in Chinese business culture?
Guanxi
What does the Japanese term 'Keiretsu' refer to?
Interrelated companies with financial and business ties
What is the Korean term 'Chaebol' used to describe?
Large business conglomerates with subsidiaries in various industries
What is the connection between a systemic model and rational planning?
Systems thinking helps inform and improve planning processes
Why is a systemic model important for rational planning in complex environments?
It helps understand the intricate web of relationships and dependencies
What does a systemic model encourage planners to do in the planning process?
Anticipate and account for unintended consequences
Which of the following best describes the concept of 'emergent' strategizing according to the text?
A messy process that evolves over time and may become formalized
What is the resource-based view (RBV) of strategy?
A process that requires a focus on internal strength and adaptation
What is the key characteristic of the evolutionary process in industries according to the text?
Competition leads to a shake-out phase
What does the term 'oligopoly' refer to in the context of industry evolution according to the text?
A market structure where a small number of large firms dominate
What is the role of accounting in the evolutionary model of strategy?
To control costs and ensure survival
What does the systemic model of strategy recognize according to the text?
The influence of social and cultural factors on people's behaviors
What is the traditional Western approach to business?
A prioritization of profit maximization
Which of the following is a characteristic of management accounting systems based on trust?
They consider trust as an important factor in evaluating performance.
What is a common emphasis of traditional management accounting?
Using financial ratios
Which of the following is NOT a quantitative performance measure typically used in management accounting?
Brand recognition
What is the primary objective of management accounting systems based on trust?
Enabling long-run sustainability
In what context or approach to management accounting does trust play a significant role?
Systems based on trust
Which of the following is NOT a possible objective of management accounting?
Building trust
What is a key difference between management accounting systems based on trust and traditional management accounting?
The consideration of trust in evaluating performance
Which of the following is a quantitative performance measure typically used in management accounting?
Return on investment
What is the role of numerical metrics in traditional management accounting?
To assess how well a company is doing
Which of the following is a key characteristic of activity-based costing (ABC)?
Traces costs to activities
What is the purpose of customer profitability analysis (CPA)?
To analyze the revenue streams and service costs associated with specific customers or customer groups
Which costing system assigns manufacturing overhead based on the volume of a cost driver?
Traditional costing
What is the primary use of ABC for products costing?
When production overheads are high in relation to direct costs
What is the definition of customer profitability analysis (CPA)?
Analysis of the revenue streams and service costs associated with specific customers or customer groups
Which of the following is a key element of modern business strategy according to the text?
Calculability principles
What does the text suggest about the relationship between accounting and strategy?
Accounting is often invisible in strategy
According to the text, what is the 'paradox' of strategic management accounting?
It is most successful when least needed
What does the text suggest about the future and past in relation to strategy and accounting?
The future should be like the past for strategy and accounting to be successful
What does the text suggest about the role of accounting in modern business enterprises?
Accounting is a central element in modern business enterprises
According to the text, what is a worrying characteristic of strategic management accounting?
It lacks knowledge
What does the text suggest about the relationship between strategic management accounting and other areas of study?
Strategic management accounting has not fully embraced other areas of study
Which of the following is a key benefit of customer profitability analysis (CPA)?
Identifying the most and least profitable customer segments
What does CPA enable organizations to do?
Formulate appropriate strategies for improved profitability
What is the role of CPA in strategic application of activity-based costing (ABC)?
It extends the strategic application of ABC to enable customer-focused accounting.
What is the focus of customer profitability analysis (CPA)?
Identifying the most and least profitable customer segments
What is the purpose of customer profitability analysis (CPA)?
To identify the most and least profitable customer segments
Which of the following is a benefit of customer profitability analysis (CPA)?
Informed strategy formulation for improved profitability
Which of the following is a disadvantage of customer profitability analysis (CPA)?
CPA may overlook the combinations of products or services purchased by customers.
What is the role of customer profitability analysis (CPA) in strategic decision making?
All of the above.
What is the purpose of the Customer Profitability Matrix?
To determine the profitability of different customer segments.
What is the primary use of Activity Based Costing (ABC)?
To allocate costs based on the volume of a cost driver.
What are the advantages of Customer Profitability Analysis (CPA)?
All of the above
What are the disadvantages of Customer Profitability Analysis (CPA)?
All of the above
What is the concept of Customer Lifetime Value (CLV)?
All of the above
What is the connection between a systemic model and rational planning in complex environments?
A systemic model provides a support system for understanding the environment, resources, and potential of an organization
Exploring Business Strategies in Different Cultures: Test your knowledge on how different cultures prioritize market share and profit, and discover the Chinese concept of 'Guanxi' in this insightful quiz.
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