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Legit E1 Exam Download

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Total 336 questions

Organisational Management Questions and Answers

Question 57

A company manufactures electrical goods and has several product lines, all at different stages in the product life-cycle. As each item works through the life-cycle, the emphasis on marketing and price focus changes. Item X currently has an increased emphasis on investment in the product quality and design, with consideration also being given to reducing the sale price. Item X is in which stage of the product life-cycle?

Options:

A.

Maturity

B.

Introduction

C.

Decline

D.

Growth

Question 58

One of the finance function's main stakeholders provides feedback on customer responses and reviews about the organisation's products and services. Which of the following will provide this feedback?

Options:

A.

Sales function

B.

Shareholders

C.

Production function

D.

Human Resources

Question 59

Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?

Options:

A.

Purchasing managers are involved in strategy development.

B.

Competitive strategies rely on the effectiveness of organisational purchasing.

C.

Suppliers are viewed as vital partners.

D.

Supply is obtained at the best price once requested by departments.

E.

Timely information about product prices and availability can be obtained through organisational systems.

F.

Efficiency is at least equal to other organisational operations such as payroll and invoicing.

Question 60

N works in the Finance Department of a frozen food distribution company. His role includes analysing how long it takes for customers to settle their accounts and, in turn, when the company's payables are cleared.

 

Which of the following is described above?

Options:

A.

Performance reporting

B.

Preparation of forecasts

C.

Working capital control

D.

Cost reporting

Page: 15 / 25
Total 336 questions