quiz image

MAS

FlashyCarnelian532 avatar
FlashyCarnelian532
·
·
Download

Start Quiz

Study Flashcards

10 Questions

Which of the following statements is not true when describing a successful strategy?

It guarantees long term survival

The following statements have been made about Strategy; (1) Business strategy defines the scope of the firm in terms where to compete whereas corporate strategy (or competitive strategy) is concerned with how the firm competes within a particular industry or market. (2) There is a clear definition of ‘strategy’ which is accepted amongst most commentators and academics. Which of the above statements is/are true?;

Neither (1) nor (2)

Strategic fit can best be defined as;

Matching the resources and activities of a firm to the external environment.

The following statements have been made about Management Accounting change; (1) Today, it is widely held that Management Accountants are more ‘Business Oriented’ than they were in the past. This means that they are now more detached from the business. (2) Primary drivers of change in Management Accounting include the impact of technology and new laws affecting the discipline Which of the above statements is/are true?;

Neither (1) nor (2)

What is the primary role of finance business partnering within an organization?;

Supporting strategic decision-making and driving business performance.

The following statements have been made about Strategic Management Accounting (SMA); (1) A key characteristic of strategic management accounting (SMA)is that it integrates financial and non-financial information (placed in equal importance) for strategic decision-making (2) A key characteristic of strategic management accounting (SMA)is that it supports programmed decision-making and was developed to support manufacturing. Which of the above statements is/are true?;

(1) only

Which of the following is a corporate level strategic choice?

Whether to enter a new international market

Which level of strategy is marketing strategy most likely to be?

Functional level strategy

Which is the issue to be considered when putting Strategy into Action (i.e., in Strategic Implementation)?

All the above

The following statements have been made about the potential causes and characteristics of strategic drift in an organization: (1) Resistance to change is a potential cause of strategic drift in an organization (2) A characteristic of strategic drift is alignment between strategy and the environment Which of the above statements is/are true?

(1) only

Test your knowledge by identifying which statement does not accurately describe a successful strategy. Choose the incorrect option from the given choices.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Use Quizgecko on...
Browser
Browser