Question 1

Which of the following is one of the four perspectives of a balanced scorecard?

Options :

A : Activity-based costing.

B : Just in time.

C : Benchmarking.

D : Innovation.

Answer: D

Question 2

According to Porter, there are three generic strategies through which an organisation can gain competitive advantage. What are the three generic strategies?

Options :

A : Cost leadership, Differentiation, Focus

B : Market Penetration, Diversification, Product Development

C : Internal development, Strategic alliances, Takeovers and mergers

D : Corporate, Business, Operational

Answer: A

Question 3

Which of the following best describes the long-term goals and objectives of an entity?

Options :

A : Sales forecast.

B : Master budget.

C : Capital expenditure plan.

D : Strategic plans.

Answer: D

Question 4

A manufacturing company produces plastic utensils for a particular segment at the lowest possible cost. The company is pursuing a cost

Options :

A : Containment strategy.

B : Differentiation strategy.

C : Leadership strategy.

D : Focus strategy.

Answer: D

Question 5

A global shipping company applied an advanced information technology system to all its operations to ensure timely delivery. The proprietary information technology system is an example of

Options :

A : market position.

B : core competency.

C : vertical integration.

D : operating leverage.

Answer: B

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