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Questions # 71:

Company V has made the decision to operate using Six Sigma in order to manage the supply chain within the production process. What process below is the method used to continually monitor and chart a process while it is operating?

Options:

A.

Statistical process control

B.

Material requirements planning

C.

Lean thinking

D.

Reverse logistics

Expert Solution
Questions # 72:

Who is responsible for the strategic leadership of the finance team?

Options:

A.

Chief Executive Officer

B.

Management Accountant

C.

Chief Finance Officer

D.

Financial Accountant

Expert Solution
Questions # 73:

The psychological contract is by nature:

Options:

A.

unwritten and not legally binding.

B.

legally enforceable due to custom and practice.

C.

written as part of a worker's terms and conditions.

D.

renegotiated annually between management and unions.

Expert Solution
Questions # 74:

Data science is increasingly important in the production of business focused data It consists mainly of experts with backgrounds in mathematics, programming and computer science

Which of the following best describes the attributes of a data scientist?

Options:

A.

Individuals who act as an interface between the business functions and data specialists

B.

individuals with the ability to extract meaning from and interpret data from statistics and machine learning.

C.

Individuals who flag inefficiencies in the system and potentially suggest improvements and test solutions.

D.

Individuals who can affect or be affected by the organisations actions

Expert Solution
Questions # 75:

Company A works closely with its customers, suppliers and other business partners. It securely shares part of its private network with this group of stakeholders

Which of the following best describes the type of network that Company A operates?

Options:

A.

An internet

B.

An intranet

C.

An extranet

D.

A database

Expert Solution
Questions # 76:

Which of the following statements regarding shamrock organisations are true?

1:Shamrock organisations typically comprise four discrete components.

2:The core group of executives are often supported by external contractors and part-time staff.

3:One of the main characteristics of a shamrock organisation is its flexibility.

Options:

A.

2 + 3

B.

1

C.

2

D.

3

E.

1 + 2

F.

1 + 3

G.

1 + 2 + 3

Expert Solution
Questions # 77:

Company Q is a relatively small company but expanding quickly. In this period of rapid growth it feels that now is the time to add a Human Resource presence and support, but does not wish to add a permanent department within the organisational structure. What is the best option for Company Q?

Options:

A.

Virtual Human Resource department

B.

Project based Human Resource department

C.

Networked Human Resource department

D.

In-house Human Resource department

Expert Solution
Questions # 78:

Which of the following are advantages of outsourcing finance? Select ALL that apply.

Options:

A.

Can help to keep costs down and improve quality.

B.

There is a known fee if agreed in advance.

C.

Allows the organisation's management to focus on its core operations and core issues.

D.

Increased control.

E.

Level of independence is increased.

F.

The external organisation/individual has an increased understanding of the outsourcing business.

G.

Increased confidentiality.

Expert Solution
Questions # 79:

One of the characteristics of Big Data is velocity. Which of the following most accurately defines what this means?

Options:

A.

The speed of data creation

B.

The volume of the data

C.

The different formats of data

D.

The validity of data

Expert Solution
Questions # 80:

An organisation owned by its customers, generally not-for-profit and in the private sector, is commonly known as which one of the following?

Options:

A.

Charity

B.

Mutual organisation

C.

Sole trader

D.

Partnership

Expert Solution
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