QUESTION: 49

Data mining is an important part of an Organization's knowledge discovery process.

Effective data mining provides insight and can help unlock previously hidden opportunities.

Which of the following are disadvantages of Data Mining?

Select ALL that apply.

Privacy issues
Security issues
Ethical issues
Financial crime issues
Manufacturing issues

Answer(s): A,B,C

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QUESTION: 50

Which THREE of the following are valid reasons to follow a Corporate Social Responsibility strategy?

A good Corporate Social Responsibility policy can attract customers.
A good Corporate Social Responsibility policy is likely to attract a higher calibre of staff.
A good Corporate Social Responsibility policy is likely to reduce administration costs.
A good Corporate Social Responsibility policy can help anOrganizationrecruit employees to meet a diverse skills requirement.
A good Corporate Social Responsibility policy will increase the company's market value.

Answer(s): A,B,D

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QUESTION: 51

Kaplan and Norton developed a model called the Balanced Scorecard to assist in the formation and achievement of strategic policy. Within this model are four perspectives. Which of the following statements is NOT applicable to a Balanced Scorecard perspective?

To succeed financially, how should we appear to our shareholders?
To achieve our vision, how should we appear to our customers?
To achieve our vision, how will we sustain our ability to change and improve?
To achieve our vision, how should we appear to our stakeholders?

Answer(s): D

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QUESTION: 52

ZZZ is a retailingOrganizationthat is suffering falling market share and falling profits.

ZZZ has a new Chief Executive Officer (CEO) who is urgently setting up a strategic performance evaluation system. This will involve identifying Critical Success Factors (CSFs) and then monitoring Key Performance Indicators (KPIs).

Advise the CEO which of the following statements is suitable for the role that a Chartered Global Management Accountant should undertake.

Identify CSFs, develop KPIs, and report on ZZZ's performance against them.
Help strategic management to clarify CSFs then develop KPIs, and report on ZZZ's performance against them.
Develop KPIs from a range of external data and report on ZZZ's performance against them.
Act as a change leader in developing the strategic performance evaluation system.

Answer(s): B

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