Strategic Management - Study Mode
[#241] An example of a corporate strategy would involve the decision to:
Correct Answer
(B) spin Taco Bell off from Pepsi
Explanation
Solution: An example of a corporate strategy would involve the decision to spin Taco Bell off from Pepsi.
[#242] Which of the following management accounting systems places a very strong emphasis on incorporating data relating to its competitors in the preparation of management reports?
Correct Answer
(C) Strategic management accounting
Explanation
Solution: Strategic management accounting systems places a very strong emphasis on incorporating data relating to its competitors in the preparation of management reports. Strategic management accounting is about having an accounting system that checks, accommodates, supports and controls your strategic management goals.
[#243] What term best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives?
Correct Answer
(C) Performance measurement
Explanation
Solution: Performance measurement best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives. Performance measurement is generally defined as regular measurement of outcomes and results, which generates reliable data on the effectiveness and efficiency of programs. Resources (human resources, employee time, funding) used to conduct activities and provide services.
[#244] ______ is any sharp disagreement or collision of interests and ideas.
Correct Answer
(C) A conflict
Explanation
Solution: A conflict is any sharp disagreement or collision of interests and ideas. Conflict is serious disagreement and argument about something important. If two people or groups are in conflict, they have had a serious disagreement or argument and have not yet reached agreement.
[#245] Environmental scanning occurs in what phase of strategic conflict management?
Correct Answer
(B) Proactive
Explanation
Solution: Environmental scanning occurs in Proactive phase of strategic conflict management. Conflict management is the practice of being able to identify and handle conflicts sensibly, fairly, and efficiently. Since conflicts in a business are a natural part of the workplace, it is important that there are people who understand conflicts and know how to resolve them. This is important in today's market more than ever. Everyone is striving to show how valuable they are to the company they work for and at times, this can lead to disputes with other members of the team.