Choose the most accurate answer, choose 1 unless otherwise specified

1. In the Value-Chain

1. Margin is the difference between Cost and Value
2. Value is the difference between Cost and Margin
3. Value is more important than Cost
4. Cost is more important than Value
5. a, & c
6. b & d

2. In a company with un-integrated information systems, recruitment can be problematic because:

1. Large number of processes to handle
2. Large number of people to deal with
3. Inaccurate, out-of-date & inconsistent departments
4. All of the above
5. a & b
6. b & c
7. None of the above

3. Which of the following are NOT functions of Marketing, choose 2

1. Determining products to produce
2. Promoting products to customers
3. Taking customers orders
4. Developing products
5. Developing prices for products
6. c & d

4. Which of the following are NOT advanced HR functions, choose 2

1. Time Management
2. Payroll
3. Advertising
4. Training & Development
5. Staff Health Insurance
6. Travel Management
7. None of the above

5. Accounting data is used to

1. Estimate the sales forecast
2. Estimate the production needs
3. Perform SCM analysis
4. Execute production plan
5. Perform company profitability analysis
6. a) & e)

6. The Open Architecture principle means

1. Data can be exchanged across the internet
2. Other developers can create add-on applications that can be integrated with existing software
3. Other developers can create internet applications that communicate with existing software
4. The ability to check the status of delivery via a mobile device like iPhone
5. All of the above