Question 1

Which TWO of the following are the main questions normally addressed by a mission statement?

Options :

A : How will we compete?

B : What are we providing?

C : How will we increase our market share?

D : What is our preferred future?

E : Why do we exist?

Answer: B,E

Question 2

The increasing use of advanced mobile technologies among the general population has led to an increase in the amount of personal data being held about individuals by large companies. In recent times concerns have been growing among the general population about the use of personal data by companies. In response, the government has introduced new data protection regulations aimed at restricting the volume and types of data that companies can hold about individuals.In which section of a PESTEL analysis would the above matter be recorded?

Options :

A : Legal and Social

B : Social and Technological

C : Economic and Technological

D : Environmental and Social

Answer: A

Question 3

Each of the following statements represents a “best practice” for implementing and using the balanced scorecard, except:

Options :

A : Balanced scorecard measures should be linked in a “cause-and-effect” manner.

B : Balanced scorecard measures should not be used as part of the performance evaluation process as employees may focus too much on them.

C : Balanced scorecard measures should be consistent with an organization’s strategy.

Answer: B

Question 4

Which ONE of the following statements is true?

Options :

A : Big enterprises are the only ones who need to manage risks.

B : Risk only relates to new issues.

C : Risk can recognise positive events, including opportunities

D : Risk is only concerned about things going wrong.

Answer: C

Question 5

According to Porter, there are three generic strategies through which an organisation can gain competitive advantage. What are the three generic strategies?

Options :

A : Cost leadership, Differentiation, Focus

B : Market Penetration, Diversification, Product Development

C : Internal development, Strategic alliances, Takeovers and mergers

D : Corporate, Business, Operational

Answer: A

Confidently Practice Online with Free IMA-CSCA Exam Cram

Buying Options: