Question 1

Andrew is creating a SWOT analysis for his department and so far has noted the following areas; lack of direction, resource constraints and competitor advantage. Which area of the SWOT analysis has Andrew completed?

Options :

A : strengths

B : weaknesses

C : opportunities

D : threats

Answer: B

Question 2

2022-04-10-14-20-28-69164ae77bf2ce3c6ead002f79336ace

Which of the following will you put into box 5?

Options :

A : survival

B : response to external environment

C : change to competitive strategy

D : new system introduced

Answer: A

Question 3

Ali is a Project Manager at a large retail organisation within the UK. He has created a project timeline and allocated a budget. However 2 months into the project the UK declares a national lockdown due to an unknown virus sweeping the nation. This, naturally, complicates Ali's project, but what type of complexity is this known as?

Options :

A :

structural complexity

B : technical complexity

C : directional complexity

D : temporal complexity

Answer: D

Question 4

The influence of the supply chain network can enable an organisation to benefit from increased absorptive capacity. What is meant by 'absorptive capacity'?

Options :

A : agility within the organisation to respond quickly to change

B : the capability to deal with fluctuations in prices

C : the capacity to work with a larger volume of supply network partners

D : the ability to apply new information and add value to the organisation

Answer: D

Question 5

Bob is the CEO of a fast-growing electronics company. Bob has a high risk appetite and this is reflected within the company culture. Which of the following would be the best approach to manage risk at this company?

Options :

A : tolerate all risks

B : hire a project manager with low appetite for risk to balance out the risk appetite

C : set risk thresholds

D : base the company-s Competitive Strategy of the Risk Appetite

Answer: C

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