MAS 1

According to KOONTZ, what is planning?

• C. Manning the organization structure and keeping it manned

• B. Process of bringing together physical, financial and human resources

• A. Deciding in advance what to do, when to do & how to do

• D. Actuating the methods to work efficiently for achievement of organizational purposes

What is the purpose of Management Advisory Services?

• A. To improve the client’s use of its capabilities and resources to achieve the objectives of the organization

• B. To provide professional advisory services to external users

• D. To ensure achievement of organizational goals

• C. To focus on precision and timeliness of information

What is the main purpose of staffing?

• B. To supervise the work of subordinates

• A. To put the right man on the right job

• C. To actuate the methods to work efficiently

• D. To measure the accomplishment against standard

What is the focus of Cost Leadership Strategy?

• C. Concentrating on particular markets and developing low-cost products

• B. Making products different and more attractive than competitors

• D. Increasing profits by reducing costs

• A. Increasing market share by charging lower prices

What is the role of Information Technology Management?

• D. Focusing on cost determination and financial control

• B. Consolidating business operations used by multiple parts of the same organization

• A. Managing resources related to information technology

• C. Enhancing the company’s performance and enabling better response to challenges

What is the primary method of Business Analysis that involves forecasting future outcomes?

• A. Descriptive

• B. Predictive

• C. Prescriptive

• D. Integrated Business Planning

What is the main theme of Enterprise Performance Management related to setting goals and benchmarks?

• D. Integrated Business Planning

• C. Analytics

• B. Performance Measurement and Reporting

• A. Target Setting

What is the role of managers and supervisors in times of change as 'Resistance Manager'?

• A. Communicator About the Change

• B. Advocate for the Change

• C. Coached for Employees

• D. Managing resistance and identifying its source

What is the main body that offers the CMA certification?

• C. Certified Management Accountants of Canada

• B. Institute of Certified Management Accountants (Australia)

• D. All of the above

• A. Institute of Management Accountants USA

What are the overarching ethical principles in the IMA Code of Ethics?

• D. Competence, Confidentiality, Integrity, and Credibility

• A. Honesty, Fairness, Objectivity, and Responsibility

• C. Competence, Confidentiality, Integrity, and Resolution Conflict

• B. Competence, Confidentiality, Integrity, and Credibility