Exam (elaborations)
MAC2602 Assignment 1 Semester 2 2024 Exam (elaborations) Principles of Strategy Risk & Financial Management Techniques (MAC2602)
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MAC2602 Assignment 1 Semester 2 2024
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UNISA 2024 MAC2602-24-S2 Welcome to MAC2602 Assessment 1QUIZ
Started on Thursday, 15 August 2024, 12:25 PM
State Finished
Completed on Thursday, 15 August 2024, 1:00 PM
Time taken 34 mins 31 secs
Marks 38.00/50.00
Grade 76.00 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
Which combination of the statements below specifically relate to the broader business-partnering role of financial managers
regarding decision-support functions as part of strategic financial management?
(1) To be directly involved in the development of the strategy of the organisation.
(2) To be directly involved in the implementation of strategy.
(3) To be involved in management of business risk.
(4) To be involved in managing the business performance.
a) Statements (1) and (2)
b) Statements (3) and (4)
c) Statements (1), (2), and (3)
d) Statements (1), (2), (3), and (4)
Select one:
a. Statements (3) and (4)
b. Statements (1), (2), (3), and (4)
c. Statements (1), (2), and (3)
d. Statements (1) and (2)
, Question 2
Correct
Mark 2.00 out of 2.00
Identify the statement that correctly explains the link between the vision statement and strategy.
(a) The vision statement gives a clear picture in words of what the organisation wants to become ultimately in the future. It
represents the strategy.
(b) A mission statement defines the core purpose of the organisation, by broadly stating the strategy of the organisation.
(c) Strategy is about choosing long-term activities to achieve the purpose set out in the mission statement and ultimately
moving towards realising the vision.
(d) A vision statement should not reflect an extension of the CEO's ego but present a clear view of the future's opportunities
and strategies.
Select one:
a. A vision statement should not reflect an extension of the CEO's ego but present a clear view of the future's
opportunities and strategies.
b. The vision statement gives a clear picture in words of what the organisation wants to become ultimately in the
future. It represents the strategy.
c. A mission statement defines the core purpose of the organisation, by broadly stating the strategy of the
organisation.
d. Strategy is about choosing long-term activities to achieve the purpose set out in the mission statement and
ultimately moving towards realising the vision.
Question 3
Correct
Mark 2.00 out of 2.00
Select which combination of the strategies below ALL form part of the generally accepted competitive strategies that are
available to an organisation.
(1) Core purpose-based strategy.
(2) Differentiation strategy.
(3) Value-based strategy.
(4) Pricing strategy.
(a) Statements (1) and (3)
(b) Statements (1) and (4)
(c) Statements (2) and (4)
(d) Statements (3) and (4)
Select one:
a. Statements (1) and (4)
b. Statements (1) and (3)
c. Statements (3) and (4)
d. Statements (2) and (4)
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