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NEW QUESTION 31
Which of the following recognized competitive strategies focuses on gaining efficiencies?

  • A. Innovation
  • B. Cost leadership
  • C. Focus
  • D. Differentiation

Answer: B

 

NEW QUESTION 32
In an organization that produces chocolate, the leadership team decides that the organization will open a milk production facility for its milk chocolate. Which of the following strategies have the organization chosen?

  • A. Unrelated diversification.
  • B. Vertical integration.
  • C. Differentiation
  • D. Focus

Answer: C

 

NEW QUESTION 33
Which of the following should the auditor recommend as the most economical point at which to correct input errors in an online system?

  • A. Entry of data into each field of a record is completed.
  • B. Entry of data into each record is completed.
  • C. Output data are balanced with computer-produced control totals and delivered to the user.
  • D. Input data are balanced with computer-produced control totals.

Answer: A

Explanation:
The most economical point at which to correct input errors is at the earliest time after the data has been entered into the system. The earliest point is the entry of data into each field of a record. Errors can easily be rectified because the proper information is already available.

 

NEW QUESTION 34
Which of the following statements is true regarding data backup?

  • A. The tape rotation schedule affects how long data is retained.
  • B. Backups should be stored in a secured location onsite for easy access.
  • C. Backup media should be restored only in case of a hardware or software failure.
  • D. System backups should always be performed real time.

Answer: C

 

NEW QUESTION 35
Focusing on customers, promoting innovation, learning new philosophies, driving out fear, and providing extensive training are all elements of a major change in organizations. These elements are aimed primarily at:

  • A. Copying leading organizations to better compete with them.
  • B. Focusing on the total quality of products and services.
  • C. Being efficient and effective at the same time, in order to indirectly affect profits.
  • D. Managing costs of products and services better, in order to become the low-cost provider.

Answer: B

Explanation:
TOM is a comprehensive approach to quality. It treats the pursuit of quality as a basic organizational function that is as important as production or marketing. TOM is the continuous pursuit of quality in every aspect of organizational activities through a philosophy of doing it right the first time, employee training and empowerment, promotion of teamwork, improvement of processes, and attention to satisfaction of customers, both internal and external. TOM emphasizes the supplier's relationship with the customer, identifies customer needs, and recognizes that everyone in a process is at some time a customer or supplier of someone else, either inside or outside of the organization.

 

NEW QUESTION 36
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