Cultural Perspectives in Business
56 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which model emphasizes the importance of cost control and revenue maximization in strategic implementation?

  • Both models
  • Neither model
  • Classical Model (correct)
  • Processual Model

    • Which model is characterized by its flexibility and recognition of personal biases?

  • Neither model
  • Both models
  • Classical Model
  • Processual Model (correct)

    • Which model provides a support system for understanding the environment, resources, and potential of an organization?

  • Classical Model (correct)
  • Processual Model
  • Neither model
  • Both models

    • Which model views the strategist as a 'rational economic man' who makes informed rational choices?

    <p>Classical Model</p> Signup and view all the answers

    Which model involves a 'planner' in the strategic team within an M-form entity?

    <p>Classical Model</p> Signup and view all the answers

    Which model focuses on top-level decision-making and distinguishes between planning and implementation?

    <p>Classical Model</p> Signup and view all the answers

    Which model recognizes that strategists have 'bounded rationality' due to circumstances, events, and personal biases?

    <p>Processual Model</p> Signup and view all the answers

    Which of the following is an example of a business strategy that prioritizes gaining market share over profit?

    <p>Chinese Guanxi</p> Signup and view all the answers

    Which term refers to the concept of building and maintaining strong personal relationships in Chinese business culture?

    <p>Guanxi</p> Signup and view all the answers

    What does the Japanese term 'Keiretsu' refer to?

    <p>Interrelated companies with financial and business ties</p> Signup and view all the answers

    What is the Korean term 'Chaebol' used to describe?

    <p>Large business conglomerates with subsidiaries in various industries</p> Signup and view all the answers

    What is the connection between a systemic model and rational planning?

    <p>Systems thinking helps inform and improve planning processes</p> Signup and view all the answers

    Why is a systemic model important for rational planning in complex environments?

    <p>It helps understand the intricate web of relationships and dependencies</p> Signup and view all the answers

    What does a systemic model encourage planners to do in the planning process?

    <p>Anticipate and account for unintended consequences</p> Signup and view all the answers

    Which of the following best describes the concept of 'emergent' strategizing according to the text?

    <p>A messy process that evolves over time and may become formalized</p> Signup and view all the answers

    What is the resource-based view (RBV) of strategy?

    <p>A process that requires a focus on internal strength and adaptation</p> Signup and view all the answers

    What is the key characteristic of the evolutionary process in industries according to the text?

    <p>Competition leads to a shake-out phase</p> Signup and view all the answers

    What does the term 'oligopoly' refer to in the context of industry evolution according to the text?

    <p>A market structure where a small number of large firms dominate</p> Signup and view all the answers

    What is the role of accounting in the evolutionary model of strategy?

    <p>To control costs and ensure survival</p> Signup and view all the answers

    What does the systemic model of strategy recognize according to the text?

    <p>The influence of social and cultural factors on people's behaviors</p> Signup and view all the answers

    What is the traditional Western approach to business?

    <p>A prioritization of profit maximization</p> Signup and view all the answers

    Which of the following is a characteristic of management accounting systems based on trust?

    <p>They consider trust as an important factor in evaluating performance.</p> Signup and view all the answers

    What is a common emphasis of traditional management accounting?

    <p>Using financial ratios</p> Signup and view all the answers

    Which of the following is NOT a quantitative performance measure typically used in management accounting?

    <p>Brand recognition</p> Signup and view all the answers

    What is the primary objective of management accounting systems based on trust?

    <p>Enabling long-run sustainability</p> Signup and view all the answers

    In what context or approach to management accounting does trust play a significant role?

    <p>Systems based on trust</p> Signup and view all the answers

    Which of the following is NOT a possible objective of management accounting?

    <p>Building trust</p> Signup and view all the answers

    What is a key difference between management accounting systems based on trust and traditional management accounting?

    <p>The consideration of trust in evaluating performance</p> Signup and view all the answers

    Which of the following is a quantitative performance measure typically used in management accounting?

    <p>Return on investment</p> Signup and view all the answers

    What is the role of numerical metrics in traditional management accounting?

    <p>To assess how well a company is doing</p> Signup and view all the answers

    Which of the following is a key characteristic of activity-based costing (ABC)?

    <p>Traces costs to activities</p> Signup and view all the answers

    What is the purpose of customer profitability analysis (CPA)?

    <p>To analyze the revenue streams and service costs associated with specific customers or customer groups</p> Signup and view all the answers

    Which costing system assigns manufacturing overhead based on the volume of a cost driver?

    <p>Traditional costing</p> Signup and view all the answers

    What is the primary use of ABC for products costing?

    <p>When production overheads are high in relation to direct costs</p> Signup and view all the answers

    What is the definition of customer profitability analysis (CPA)?

    <p>Analysis of the revenue streams and service costs associated with specific customers or customer groups</p> Signup and view all the answers

    Which of the following is a key element of modern business strategy according to the text?

    <p>Calculability principles</p> Signup and view all the answers

    What does the text suggest about the relationship between accounting and strategy?

    <p>Accounting is often invisible in strategy</p> Signup and view all the answers

    According to the text, what is the 'paradox' of strategic management accounting?

    <p>It is most successful when least needed</p> Signup and view all the answers

    What does the text suggest about the future and past in relation to strategy and accounting?

    <p>The future should be like the past for strategy and accounting to be successful</p> Signup and view all the answers

    What does the text suggest about the role of accounting in modern business enterprises?

    <p>Accounting is a central element in modern business enterprises</p> Signup and view all the answers

    According to the text, what is a worrying characteristic of strategic management accounting?

    <p>It lacks knowledge</p> Signup and view all the answers

    What does the text suggest about the relationship between strategic management accounting and other areas of study?

    <p>Strategic management accounting has not fully embraced other areas of study</p> Signup and view all the answers

    Which of the following is a key benefit of customer profitability analysis (CPA)?

    <p>Identifying the most and least profitable customer segments</p> Signup and view all the answers

    What does CPA enable organizations to do?

    <p>Formulate appropriate strategies for improved profitability</p> Signup and view all the answers

    What is the role of CPA in strategic application of activity-based costing (ABC)?

    <p>It extends the strategic application of ABC to enable customer-focused accounting.</p> Signup and view all the answers

    What is the focus of customer profitability analysis (CPA)?

    <p>Identifying the most and least profitable customer segments</p> Signup and view all the answers

    What is the purpose of customer profitability analysis (CPA)?

    <p>To identify the most and least profitable customer segments</p> Signup and view all the answers

    Which of the following is a benefit of customer profitability analysis (CPA)?

    <p>Informed strategy formulation for improved profitability</p> Signup and view all the answers

    Which of the following is a disadvantage of customer profitability analysis (CPA)?

    <p>CPA may overlook the combinations of products or services purchased by customers.</p> Signup and view all the answers

    What is the role of customer profitability analysis (CPA) in strategic decision making?

    <p>All of the above.</p> Signup and view all the answers

    What is the purpose of the Customer Profitability Matrix?

    <p>To determine the profitability of different customer segments.</p> Signup and view all the answers

    What is the primary use of Activity Based Costing (ABC)?

    <p>To allocate costs based on the volume of a cost driver.</p> Signup and view all the answers

    What are the advantages of Customer Profitability Analysis (CPA)?

    <p>All of the above</p> Signup and view all the answers

    What are the disadvantages of Customer Profitability Analysis (CPA)?

    <p>All of the above</p> Signup and view all the answers

    What is the concept of Customer Lifetime Value (CLV)?

    <p>All of the above</p> Signup and view all the answers

    What is the connection between a systemic model and rational planning in complex environments?

    <p>A systemic model provides a support system for understanding the environment, resources, and potential of an organization</p> Signup and view all the answers

    More Like This

    Cultural Perspectives on Creativity
    40 questions

    Cultural Perspectives on Creativity

    LeadingConnemara922 avatar
    LeadingConnemara922
    Cultural Perspectives on Power Distance
    20 questions

    Cultural Perspectives on Power Distance

    SolicitousPelican7010 avatar
    SolicitousPelican7010
    Cultural Perspectives Quiz
    5 questions

    Cultural Perspectives Quiz

    AwesomeClimax avatar
    AwesomeClimax
    Cultural Perspectives and Global Citizenship
    24 questions

    Cultural Perspectives and Global Citizenship

    StateOfTheArtScandium avatar
    StateOfTheArtScandium
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser