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Managing Finance in a Digital World Questions 76–80 (page: 17)

Updated On: 10-Feb-2026

Human Resource Management (HRM) and Personnel are different.

Which of the following is NOT a characteristic of Human Resource Management (HRM)?

  1. HRM relies on a modern, transactional approach.
  2. HRM addresses both operational and strategic matters.
  3. HRM focuses on facilitation rather than negotiation.
  4. HRM views employees as assets.

Answer(s): A



Which of the following is a reason why businesses need to prepare statutory reports?

  1. To inform the investors how profitable the business is.
  2. To help compare budget with actual performance.
  3. To decide on their foreign exchange hedging policy.
  4. To ensure they have enough inventory on hand for production.

Answer(s): A



Which of the following is important when considering the 'Promotion' element of the
marketing mix?

  1. Public relations
  2. Distribution channels
  3. After sales service
  4. Packaging

Answer(s): A



A Company is considering to outsource its accounts payable According to the transaction cost theory of Williamson and Coase, which of the following involve activities and costs associated with policing and enforcing the agreement with the service provider?

  1. Ensunri9lne outsourcer maintains the agreed service level.
  2. Agreeing an acceptable service level agreement.
  3. Monitoring asset purchases associated with the agreement
  4. Determining which supplier is the cheapest.

Answer(s): B



RT Company produces sub components for the vehicle industry Worldwide changes in government regulation and social attitudes mean that there is an increasing pace of demand for hybrid and electric vehicles

B is the long serving finance manager of RT Company. Using various data and information provided by the finance function staff, and experience built up over many years. B is considering how new challenges might be overcome and how opportunities might be maximised by the company

In the context of the information to impact framework, which of the following best describes B's overall contribution to the anticipated changes'?

  1. Acumen
  2. Assembling
  3. Analysing
  4. Applying

Answer(s): A



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