Question 1

SSS University wishes to introduce a new Car Park Management Strategy (CPMS). The aim of this strategy is to reduce the use of private cars and to encourage sustainable transport, such as cycling and public transport, by staff and students. SSS has decided to reduce the number of car parking spaces and introduce parking charges.
The Management Accountant has decided to use the Balanced Scorecard to help prepare a performance management system to assess the performance of the new CPMS.
Which of the following is an example of the Innovation and Learning perspective of a Balanced Scorecard for SSS?

Options :

A : Easy access to car parking spaces.

B : Number of days of training for car park attendants.

C : Reduction in complaints from customers.

D : Speed of processing the payment for parking charges.

Answer: A

Question 2

Which of the following would be correct considerations when evaluating the Feasibility of a strategy? (Choose all that apply.)

Options :

A : Will there be sufficient time to implement the strategy?

B : Will the strategy exploit the core competencies of the business?

C : Will the strategy maintain competitive advantage?

D : Will customers object to the strategy?

E : Will the business be able to deal with the responses of its competitors to the strategy?

Answer: A,B

Question 3

CCC has been given permission by the local government authorityto build 500 houses andthis will be a very profitable project forCCC. An animal charity is opposed to the building of the houses as fields where animalslive will be built on. Some people living nearest to the area of the proposed building are in favour becauseit will stimulate the local economy.Other people living near the area of the proposed development are opposed to it because their viewwill be spoiled. Which of the following activities should CCC undertake to resolve the stakeholders' competing objectives?

Options :

A : CCC should focus on its stakeholders' needs in turn

B : CCC should give the animal charity the money to establish a wildlife sanctuary.

C : CCC should conduct discussions with its stakeholders and reach an acceptable compromise.

D : CCC should conduct a PESTLE analysis.

Answer: C

Question 4

You are aManagementAccountant working for a logistics firm that wants to build collaborative relationships with each of its key clients.
Which of the following changes to the management accounting function would you recommend to help the development of collaborative partnerships with a client?
Select ALL that apply

Options :

A : Open book management accounting in which the client can see the profits your firm makes from the relationship.

B : Relocation of some management accounting staff from your Organization into the offices of the key clients.

C : Management accounting staff from your Organization should be made available to the key clients to facilitate joint problem-solving.

D : Recruitment of management accounting staff from the key clients to improve shared understanding.

E : Close monitoring of service level agreements to ensure your Organization provides the minimum service specified.

Answer: B,C

Question 5

MMM operates leisure parks in Country S. a mature economy in Europe. These are parks that are popular with people between the ages of 8 and 25 years who visit them to ride on the high speed roller-coasters and to visit other attractions at the parks. Nearly 60% of visitor expenditure is to buy meals and drinks at the park MMM estimates that 20% of its visitors travel to its parks from outside Country S.
Which THREE of the following environmental changes will have the greatest impact on MMM in the next five years?

Options :

A : The growing strength of the emerging economies in Africa, Asia and South America.

B : The average age of the population in Country S is increasing because of a fall in the birth rate.

C : An increase in the statutory minimum wage in Country S.

D : Introduction of government restrictions on the number of students and tounsts permitted to enter Country S.

E : The opening of a rival leisure park in Country S with more modern rides and attractions.

Answer: A,B,D

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