MAS

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The following statements have been made about Strategy;
(1) Business strategy defines the scope of the firm in terms where to compete whereas corporate
strategy (or competitive strategy) is concerned with how the firm competes within a particular industry
Neither (1) nor (2)
1 of 9
Strategic fit can best be defined as;
Matching the resources and activities of a firm to the external environment.
2 of 9
The following statements have been made about Management Accounting change;
(1) Today, it is widely held that Management Accountants are more ‘Business Oriented’ than they
were in the past. This means that they are now more detached from the business.
(2)
Neither (1) nor (2)
3 of 9
What is the primary role of finance business partnering within an organization?;
Supporting strategic decision-making and driving business performance
4 of 9
The following statements have been made about Strategic Management Accounting (SMA);
(1) A key characteristic of strategic management accounting (SMA)is that it integrates financial and
non-financial information (placed in equal importance) for strategic
(1) only
5 of 9
The following statements have been made about the potential causes and characteristics of
strategic drift in an organization:
(1) Resistance to change is a potential cause of strategic drift in an organization
(2) A characteristic of strategic drift is al
(1) only
6 of 9
The following statements have been made about planning and control as described in the three
tiers of Robert Anthony’s decision-making hierarchy:
(1) Strategic planning is concerned with making decisions about the efficient and effective use of
existing r
(2) only
7 of 9
Strategic Planning is a process that;
Helps an organization direct its resources to make the most of opportunities in the
marketplace
8 of 9
Emergent strategies generally …
evolve and change as needs arise.
9 of 9

Other cards in this set

Card 2

Front

Strategic fit can best be defined as;

Back

Matching the resources and activities of a firm to the external environment.

Card 3

Front

The following statements have been made about Management Accounting change;
(1) Today, it is widely held that Management Accountants are more ‘Business Oriented’ than they
were in the past. This means that they are now more detached from the business.
(2)

Back

Preview of the front of card 3

Card 4

Front

What is the primary role of finance business partnering within an organization?;

Back

Preview of the front of card 4

Card 5

Front

The following statements have been made about Strategic Management Accounting (SMA);
(1) A key characteristic of strategic management accounting (SMA)is that it integrates financial and
non-financial information (placed in equal importance) for strategic

Back

Preview of the front of card 5
View more cards

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