20.

A systematic approach in analysing the product and process design, with the aim of eliminating any non-value-added elements, to achieve the target cost is known as:

Select one:

Strategic cost reduction

Component level target costs

Cost reduction objective

Value engineering

17

Whenmanagementusesfinancialmeasuresto determine the effect of bottlenecks and operational decisions, they are likely to be using:

Select one:

financial evaluation.

throughput accounting.

activity-based costing.

total quality management.

Clear my choice

15

Which one of the following isNOTone ofKotlerscompetitorresponses:

Select one:

Contemplative

Selective

Laid back

Tiger

14

Which one of the following isNOTone of Porters fiveforces:

Select one:

Bargaining power of customers

Threat of new entrants

Threat of substitute products

Threat of government regulation

13

Benchmarkingthatinvolvescomparisonwithbestpracticesthatoccurinanyindustryistermed:

Select one:

competitivebenchmarking.

functionalbenchmarking.

reversebenchmarking.

internalbenchmarking

12

Benchmarkingthatinvolvescomparisonwithother divisions of the same organisation is termed:

Select one:

functionalbenchmarking.

internalbenchmarking

reversebenchmarking.

competitivebenchmarking.

4

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 hire a new financial controller?

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?