A strategic business unit (SBU) is a subsidiary within a firm, which participates within a given market/industry. The SBU would embrace the corporate strategy, and attune it to its own particular industry True False
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- What three things form a business’ organization structure? Question 9 options: 1) Its management, its physical location, and its reporting relationships 2) Its management bureaucracy, its reporting relationships, and its geographical location of the home office 3) Its informal culture, its formal structure, and its management control mechanisms 4) Its formal division into subunits, coordinating mechanisms, and locus of decision-making responsibilityQuestion 1 2020 (i) Agency theory is based on the view thatA. The purpose of corporate governance (CG) should be to satisfy (as far as possible) the objectives of all stakeholders.B. Boards of directors are considered as important mechanism for reducing transaction costs associated with environmental interdependency.C. Corporate governance will be to employ or design techniques or systems that can secure the interests and values of the management.D. The system of CG should be designed to minimise agency problems & costs. (ii) Which one of the following statements is not a relevant reason for an accountant to liaise with their predecessor when accepting a professional assignment?A. It is a matter of professional etiquetteB. To avoid the appearance of solicitationC. To determine whether the professional fees charged were adequate to avoid threats to due careD. To identify if there are professional reasons why the appointment should not be accepted. (iii) Which threat can possibly…Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry? A. commercial awareness B. conceptualization C. collaboration D. imagination
- In which areas of an organizations value chain can important business sustainability risks or opportunities arise? I. Research Development II. Customer Service III. Manufacturing IV. Warehousing Distribution a. I only b. II only c. III only d. II and IV e. I, II, III, and IVWhich of the following does not describe a management control system? A. establishes a companys strategic goals B. implements a companys strategic goals C. monitors a companys strategic goals D. a system that only measures profitabilityHow does using the return on investment facilitate comparability between divisions of decentralized companies?
- In a centralized organization, where are goals established? A. at the lower level of the organization and promoted upward B. outside the organization based on best practices in the industry C. by each segment of the organization D. at the highest level of the organization and promoted downward9. Governance means the responsibilities, accountability, and relationships among shareholders, board members, and managers to meet the objectives of the companySelect one:TrueFalseQuestion 2 In relation to the liquid enterprise, what is meant by 'role instability' Group of answer choices In a liquid enterprise, organisational roles especially those associated with IT management are determined by the individuals themselves All of the answers listed here In liquid enterprises, organisational roles are not important and organisational structures are basically laissez-faire arrangements An enterprise’s position in the industry value chain is immovable: customer, client, supplier, competitor, complementor are fixed An enterprise’s position in the industry value chain: customer, client, supplier, competitor, complementor can vary. Question 3 What is meant by the generative nature of technology? Group of answer choices The capacity of technology to reproduce. The capacity of technology to produce unpredictable outcomes. The capabilities inherent to a technology or multiple technologies generate new products and services The capacity for technology to transform…
- multinational enterprises are supported by strong and effective institutions to succeed in business. certainity of a business environmebt determines a firms succes. examine how the various types of institutions that reducea firms uncertainint.A Board of Directors duty is to: a) Safeguard the interest of a firm's stakeholders b) Protect a Firm's assets c) Safeguard the Interests of a Firm's shareholders d) Determine Management's Compensation e) Formulate a Company's Strategy1a) Identify the various stakeholders of an organisation and briefly describe eachstakeholder’s objective(s) b) Describe the principal – agent relationship between the owners and managers of acompany, and explain how various corporate governance mechanisms attempt tomanage the agency problems (please ensure to provide a brief explanation of theagency problem)