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Managing Finance in a Digital World Questions 81–85 (page: 18)

Updated On: 10-Feb-2026

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In a new initiative, Company O has been putting a lot of emphasis on internal awareness of Corporate Social Responsibility and creating value for it's stakeholders. A huge part of this has been about focusing on recycling and making departments accountable.

In order to assist with the achievement of goals in this area, a process has been designed to give some structure to measuring value for each department. Each of the process elements are listed below. Place the steps against each of these to indicate the correct sequence.

  1. See Explanation section for answer.

Answer(s): A

Explanation:



When considering companies which focus on more than just commercial issues, which TWO of the following would be associated as a key element of a corporate social responsibility (CSR) strategy?

  1. Ethical
  2. Community
  3. Share price
  4. Sales volume
  5. Profitability

Answer(s): A,B



System changeover has four approaches, each of which vanes in terms of risk. cost and time.

Select the most suitable approach for when there is a need to minimise costs and time.

  1. Phased changeover
  2. Pilot operation
  3. Direct changeover
  4. Parallel running

Answer(s): C



Company M has been dealing with Supplier Q for many years. The Procurement Department has a very professional relationship with the supplier and it has recently started using electronic data interchange to place orders directly and on a much more frequent basis to assist production. A large part of the interaction with the supplier is now around price negotiation. According to Reck and Long's strategic positioning tool, which stage is Company M at with Supplier Q?

  1. Independent stage
  2. Passive stage
  3. Supportive stage
  4. Integrative stage

Answer(s): A



Which of the following provides the best description of an intranet?

  1. Employees use networked computers to access information held on a server.
  2. Authorised outsiders use networked computers to access information held on a server.
  3. A worldwide network of computers.
  4. A collection of data organised to service many applications providing access to a wide variety of users.

Answer(s): A



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