QUESTION: 37

Which of the following is NOT a fundamental principle specified in CIMA's Code of Ethics?

Integrity
Objectivity
Confidentiality
Sustainability

Answer(s): D

BBB has often encountered difficulties when it has introduced strategies which involveOrganizational change. BBB is about to enter a period of much change and has decided to appoint one or more change agents to help to manage this. Select ALL of the statements that apply in respect of a change agent.

Sensitive to the impact of change on all stakeholders.
Tolerant of ambiguity and uncertainity.
Skilled communicator with colleagues and subordinates.
Skilled at successfully meeting budget targets.
Worked in three similar change environments.
Willingness to drive through difficult decisions.

Answer(s): A,B,C

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QUESTION: 39

JJJ presently makes motorcycles for use by the armed forces in its home country. Defence spending cuts have forced JJJ to seek a new business direction. JJJ has decided to make trucks for sale to private businesses in its home country.

Use the Ansoff product/market matrix to identify the new strategic direction of JJJ.

Related diversification
Product development
Market development
Market penetration

Answer(s): A

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QUESTION: 40

JJJ is a private company belonging to a famous former athlete. It operates gyms and fitness clubs across its home country. Each gym or fitness club is treated as a profit centre and the manager of each centre is paid bonuses based on its financial performance.

Three years ago it introduced multidimensional performance measures into its management control systems. These measure capacity utilisation, financial performance, competitiveness, innovation, and the flexibility of its centres to cope with changing demands.

The managers of its centres have been leaving at a very high rate over the last two years. They have claimed that the measures are too open to interpretation and when they think they are improving the centre's performance they are told they are doing the wrong thing. They also complain that the managers in the centres near big cities find it much easier to reach their targets than the managers of other centres.

Using Fitzgerald and Moon's Building Block model, where does the problem lie?

Standards and Rewards
Dimensions and Rewards
Dimensions and Standards
Standards, Dimensions and Rewards

Answer(s): A

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QUESTION: 37

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QUESTION: 40

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