E1: Chapter 2 – Knowledge Check: Activities of finance professionals

Select the ONE option below that is an external source of management information.

Which one of the following accurately describes the ‘advising for influence’ function of finance in a digital world?

A multinational company is in the process of developing a mission and goal for itself for the next five years.

Which one of the following models can it use for stakeholder analysis?

During which stage of the information to impact framework are solutions typically developed?

Which one of the following accurately describes the ‘applying for impact’ function of finance in a digital world?

Global communications company, Connections Inc., previously split its finance department into different functions. For example, there is a Europe function and an Asian function. The head finance office has identified that this is particularly expensive, and last year it opted to give its central finance team a lot more control, as the best finance managers are at the head office.

A year later, the finance operations appear to operate more smoothly, yet the finance departments in each country appear to be less productive.

What could explain this?

James is contemplating his investment choices and has collected data on multiple options. The data is wide ranging and is both financial and non-financial.

Which of the following data that he has collected will be classified as quantitative?

Marianne is trying to compile a report detailing the number of production breakdowns over a given period. She is waiting on information from two department managers and is unable to complete the report without it. She has to decide whether to proceed with the report using the information she already has or wait for the information to be received.

Which two of the characteristics of good quality information seem to be conflicting in this situation?

PPR operates gyms in many cities of the world. Before the advent of social media, PPR tended to ignore the complaints of individual clients. Today, PPR’s management is aware that social media provides a way for individual clients to record and publish positive and negative comments about their experiences at a PPR gym.

Which of the following statements best describes the impact of social media on the stakeholder categorisation of PPR’s individual customers?

Communicating the insights to users and contributing to an objective, responsible perspective to influence their decision making.

Process automation technologies combined with Artificial Intelligence are collectively known as:

Which ONE statement below is TRUE?

Which type of data involves standard metrics plus broad operational and transactional data that bolsters analysis and forecasting?

Stakeholder mapping looks at stakeholders and their impact on strategy.

Which two of the following elements are compared in this theory?

Which of the following represents stakeholders that need to be kept satisfied according to Mendelow’s matrix?

The company UB Ltd has a vast range of data stored in its system and will be undertaking an initiative of data cleansing to increase the accuracy of the information created.

Which of the following is NOT a method used to perform data cleansing?

Select the ONE statement below that is a sign that a company is failing to maximise wealth for its shareholders.

According to Mendelow’s stakeholder mapping model what categorisation would be given for a stakeholder with high power and low interest?

A multinational company is in the process of developing a mission and goal for itself for the next five years.

Which of the following models can be used to analyze the industry that the multinational operates in?

Which one of the following accurately describes the ‘advising to influence’ function of finance in a digital world?