Cost Management Study Set 1

Business

Quiz 2 :
Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map

Quiz 2 :
Implementing Strategy: The Value Chain, the Balanced Scorecard, and the Strategy Map

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In SWOT analysis, strengths and weaknesses are most easily identified by looking:
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B

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In SWOT analysis, opportunities and threats are identified by:
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C

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Which of the following does not represent a possible opportunity for a manufacturing firm as a part of SWOT analysis?
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C

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The balanced scorecard:
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The balanced scorecard can be made more effective by developing it at a detail level so that employees:
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The Euro is:
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The main objective of value chain analysis is to identify stages of the value chain where the firm can:
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It is becoming more common to see manufacturing firms use the value chain to take strategic steps to improve the overall profitability of the firm by:
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With regard to critical success factors, which one of the following would not be considered a financial measure of success?
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Which one of the following customer critical success factors is best measured by warranty expense?
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Which one of the following is not usually included as a perspective of the balanced scorecard?
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Which of the following best describes the type of information that cost management must provide that is important for the success of the organization?
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After critical success factors (CSFs) have been identified, the next step in developing a competitive strategy is to develop relevant and reliable measure for these CFSs.These measures are important to help the organization:
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A firm has decided to use the balanced scorecard.Which of the following is not an advantage the company will gain by using the balanced scorecard?
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During which step of value chain analysis will the company discover whether or not it has a cost advantage, and why?
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A local pharmaceutical firm has just announced its discovery of a revolutionary new drug for dieting.However, due to its deteriorating relationship with its union, the unionized portions of the company's employees have threatened to strike.In addition, the company's stock has started to drop due to the firm's difficulty in paying off some of its debt.In this example, what was the firm's core competency(ies)?
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During the strengths and weaknesses portion of a firm's SWOT analysis, which of the following would not be discovered?
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When a firm is determining its opportunities and threats, which of the following would not be mentioned?
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The declining value of the U.S.dollar relative to other currencies in recent years means that:
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The cause and effect relationships among critical success factors are best captured in:
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