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James argues that performance appraisal has its roots in three substantiated psychological principles, meaning that people work / learn / achieve more when they are given the opportunities.

Which of the following does NOT apply?

  1. Information for human resource planning.
  2. Involvement in the setting of tasks and goals.
  3. Adequate feedback as to how they are performing, in other words knowledge of results.
  4. Clear attainable goals so they know what to strive for.

Answer(s): A



Many companies use Critical Path Analysis (CPA) to manage projects.

Which TWO of the options below could be identified from a CPA diagram?

  1. The activities which need to be completed before the next activity can start.
  2. The resource usage variance for each activity.
  3. The activities which can't overrun without delaying the whole project.
  4. The probable time for each activity.

Answer(s): A,C



F Company is an international fast food company and is committed to the rational model for strategy.

A senior team has carried out a comprehensive study of the environment in which it currently operates, its resources, distinctive competences and a corporate appraisal. The mission and objectives have been set in accord with stakeholder directives, which are based on twin objectives to grow profits by 5% year on year and become one of the top 100 global brands.

The team has generated a short-list of different strategic initiatives which it believes may deliver the primary objectives required by the stakeholders. Each initiative has been examined separately on its merits in terms of feasibility, suitablity and acceptablity. As many factors as possible have been taken into account such as market analysis, economic growth and competitors.

In terms of the rational model, select the actions that the company has now carried out:

  1. Strategic analysis / options generation / options evaluation
  2. Strategy selection / options evaluation / implementation of strategy
  3. Strategy selection / options generation / strategic choice
  4. Strategic analysis / options evaluation / implementation of strategy

Answer(s): A



A Company is undertaking a project for the first time and has given the Finance Manager the task of managing the project. He has been advised to use PERT, as it will help him with his Critical Path Analysis (CPA).

What information will the calculation using PERT provide the Finance Manager with to use in his CPA?

  1. The most optimistic time to complete an activity.
  2. The most realistic / probable time to complete an activity.
  3. The expected time to complete an activity.
  4. The most pessimistic time to complete an activity.

Answer(s): C






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