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- 1. he primary types of budgets include: A. Divisional, operational, and organizational B. Capital and operational C. Strategic, capital, and operational D. Zero-based, strategic, and capital 2. A company has: A. Internal and external customers B. External customers only C. Internal customers only D. None of these 3. ________ means customers believe they are getting a good deal for the price they've paid for a product. A. Value B. Achievement C. Dealing D. QualityThe following are the benefits of financial module except: Select one: a. Automate financial and managerial accounting and financial supply chain management b. Provide rigorous support for financial reporting and such corporate governance mandates c. Gain deeper financial insight across the enterprise and tighten control of finances d. Ensure compliance and predictability of business vision.The obligations of an investor-owned company's board of directors in the strategy-making, strategy-executing process include A) taking the lead in developing the company's business model and strategic vision. B) coming up with compelling strategy proposals to debate against those put forward by top management. C) taking the lead in formulating the company's strategic plan but then delegating the task of implementing and executing the strategic plan to the company's CEO and other senior executives. D) overseeing the company's financial accounting and financial reporting practices and setting CEO compensation. E) approving the company's operating strategies, functional-area strategies, business strategy, and overall corporate strategy.
- You are the Information Systems (IS) Manager of Ramsys IT Solutions. The Board of Directors of your company has decided that your company should purchase a new Information System software for its use. (b). Describe three strategic business objectives/benefits that your organization can derive from its investments in, and use of, the proposed Information System.1. Which of the following best describes Financial Management? A) It is the specialty area of finance concerned with financial decision-making within a business entity. B) It is concerned with the use of funds - the buying, holding, or selling of all types of assets. C) It is concerned with the procuring of funds that can be used for long-term investing and financing day-to-day operations. D) All of the other choices best describe Financial Management. 2. Which of the following least describes Financing Decisions? A) Financing decisions are concerned with the procuring of funds that can be used for long-term investing and financing day-to-day operations. B) It is focused on the proper acquisition of cash, cash equivalents, and trading securities for use in a company's operations and investments. C) It involves incurring of debt, through bank loans or sale of bonds, to finance a company's operation and investments. D) It also deals with dividend decision, which involves how much of a…For each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations. a. Boards need to consist of at least 3 independent directors of 1/3 of the board which is higher. b. Boards need to hold regular executive sessions of independent directors without management present.
- The management accountants in an organization probably report directly to thea. controller.b. treasurer.c. chief executive officer (CEO).d. chief financial officer (CFO)The strategic management process is: a. A decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. b. The full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness. c. A process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. A set of activities that will assure a temporary advantage and average returns forthe firm.Two of the five competitive forces that shape a company’s strategic activities are: a.The bargaining opportunities of buyers and sellers. b.The intensity of support among existing competitors. c.The opportunities for new entrants in the market. d.The bargaining power of buyers and sellers. According to Porter, select one of the major forces that shape the strategy of a company. a.The threat of suppliers in the market. b.The bargaining power of buyers only. c.The threat of new entrants in the market. d.The bargaining power of new entrants. Which business process exposes obvious areas for improvement? a.The work system process. b.The value chain process. c.The as-is process. d.The to-be process. What type of information system would provide critical information from a wide variety of internal and external sources? a.Management information system. b.Executive information system. c.Knowledge management system. d.Strategic information system.
- TRUE OR FALSE 1. A missing “how to achieve” plan accelerates sales performance. 2. Geographical structures group together sales jobs and activities being performed in the same location or region. 3. Centralized organizations delegate decision making throughout all levels of management, and decentralized organizations concentrate decision making at the top levels of management.The use of ratios and trends to assess the performance of a company is called:a. Business analysis.b. Financial analysis.c. Business valuation.d. Market valuation.You can assume that you are hired by a local small business company as an ITconsultant. You are given 500-10,000 dollars to improve or setup its information systems.What is your Information System plan for the company?1. Introduce the context: the small business company introduction, its products,markets, and mission.2. Discuss the problems with its current information processing abilities – analyzewhether it is inadequate in satisfying computing requirements, misaligned with firmstrategy, not cost effective etc.103. Develop and justify your proposed IT strategy. What new technologies should beintroduced? What applications would they support, and who would use them to dowhat differently?