Free IMA-CSCA Mock Exam – Practice Online Confidently

Which one of the following describes what an organization wants to accomplish and leads to the formulation of long-term business objectives?

Entry through internal development usually consists of creating a whole new business entity. In order to successfully compete, any newbusiness has to compete with existing entry barriers, and with the possibility of retaliation by existing firms. Some of the more common entrybarriers are:I. Economies of scale.II. Customer loyalty.III. Advertising.IV. Research and Development.

Which THREE of the following represent examples of good, effective corporate governance?

A firm’s statement of broad objectives or mission statement should accomplish all of the following except

QQS is a business that sells gravel and stone. It has recently announced the launch of a new purchasing system which it has publically stated ‘will help our business to reduce its inventory management costs by fifteen percent per annum’.Employees in the purchasing department of QQS have stated their opposition to the introduction of the new system, as they are convinced that the cost savings will be through job losses within the department.In fact, QQS is planning to make the savings through reduced inventory holding costs thanks to the new system allowing them to reduce the amount of inventory held at any given time.However, QQS’s management have yet to explain this to staff.According to Kotter and Schlesinger, which ONE of the following four reasons for resistance best explains the reaction of QQS’s purchasing department staff?