Animus Ltd is a mining company. Which of the following is an example of a decision relating to formulating Animus Ltd's corporate strategy?

Select one:

Should Animus Ltd compete based on price or product differentiation?

Should Animus Ltd develop a new management accounting system?

Should Animus Ltd operate in the mining industry only, or expand to heavy machinery manufacturing and distribution?

Should Animus Ltd hire a new financial controller?

Contemporary management accounting:

Select one:

only focusses on quantitative information

means combining modern and traditional techniques to provide a strategic viewpoint.

means not using any traditional techniques.

is essentially the same as financial accounting.

If a firm's senior management decide to follow adifferentiationstrategy, their focus could be to concentrate on:

Select one:

finding the lowest cost labour.

sourcing cheap materials.

product costs.

product quality

If a firm's senior management decide to follow a harvest strategy, their focus could be to concentrate on:

Select one:

improving brand awareness over the medium term.

maximising short term profit.

investing in research and development.

increasing market share in future.

Avisualrepresentationthatassistsmanagerstoseethelinkagesbetweenthebalancedscorecardandtheorganisation'sobjectivesisknownasa:

Select one:

strategymap.

visualscorecard.

organisationalchart.

linkingpresentation.

Performancemeasures,whichincludecost,productqualityandmanufacturecycletime,arerelatedto

Select one:

financialperspective.

internalbusinessprocesses.

customerperspective.

learningandgrowth.

Whichofthefollowingarelikelytobetheresultofconcentrationonshort-termperformancemeasures?

Select one:

Increased spending on new technology.

Increased marketing spending

Increasedemployeetraining.

Reducedexpenditureonproductdevelopment.