Management Notes

Reference Notes for Management

Which of the following is not a management issue central to strategy implementation?

Which of the following is not a management issue central to strategy implementation?

 Options:

A) Devising policies
B) Revising reward and incentive plans
C) Performing an internal audit
D) Minimizing resistance to change
E) Developing an effective human resources function

The Correct Answer Is:

  • C) Performing an internal audit

People Also Ask

Which of the following is a management issue central to strategy implementation?

Which of the following is a management issue central to strategy implementation? Options:

A) Devising policies
B) Revising reward and incentive plans
C) Minimizing resistance to change
D) Developing an effective human resources function
E) All of the above

The Correct Answer Is:

  • E) All of the above

In using variance reports to evaluate cost control, management normally looks into

In using variance reports to evaluate cost control, management normally looks intoOptions:

(a) all variances.
(b) favorable variances only.
(c) unfavorable variances only.
(d) both favorable and unfavorable variances that exceed a predetermined quantitative measure such as a percentage or dollar amount.

The Correct Answer Is:

  • (d) both favorable and unfavorable variances that exceed a predetermined quantitative measure such as a percentage or dollar amount.

Which of the following is incorrect about variance reports?

Which of the following is incorrect about variance reports?Options:

(a) They facilitate “management by exception.”
(b) They should only be sent to the top level of management.
(c) They should be prepared as soon as possible.
(d) They may vary in form, content, and frequency among companies.

The Correct Answer Is:

  • (b) They should only be sent to the top level of management.

The formula for computing the total overhead variance is:

The formula for computing the total overhead variance is:Options:

(a) actual overhead less overhead applied.
(b) overhead budgeted less overhead applied.
(c) actual overhead less overhead budgeted.
(d) No correct answer is given.

The Correct Answer Is:

  • (a) actual overhead less overhead applied.

A corporation’s issue management activities are usually linked to

A corporation's issue management activities are usually linked toOptions:

A. The board of directors
B. The strategic governance committee
C. Both the board of directors and top management levels.
D. Top management

The Correct Answer Is:

  • C. Both the board of directors and top management levels.

Traditional approaches to project management concentrate firmly on

Traditional approaches to project management concentrate firmly onOptions:

A) Thorough planning up front
B) New technology
C) Flexibility
D) Change
E) Iterative development

The Correct Answer Is:

  • A) Thorough planning up front

When considering the Agile Project Management process, at the end of each iteration

When considering the Agile Project Management process, at the end of each iteration Options:

A) Team members are released to work on other projects
B) The scrum master assigns daily tasks to team members
C) Product owner determines whether or not the project is complete
D) The scrum master can terminate the project
E) Stakeholders and customers review progress and re-evaluate priorities

The Correct Answer Is:

  • E) Stakeholders and customers review progress and re-evaluate priorities

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