LESSON OBJECTIVE Assessment Criteria AC 2.2 Carry out an environmental audit for a given organisation Below are questions pertaining to lesson 5. Please ensure to answer each question correctly. 1. Assess the macro-environment of an organisation using PESTEL. 2. Highlight the external key drivers of change likely to affect the structure of a sector or market. 3. Evaluate methods of business forecasting used when assessing the likely outcome of different business strategies. 4. State and describe the components of the "five forces model" 5. Identify the THREE layers that make up the environment Review The Videos & Write A 200 Word Summary For Each By Focusing On What You Have Learnt
LESSON OBJECTIVE Assessment Criteria AC 2.1 Analyse the strategic positioning of a given organisation by carrying out an organisational audit. Below are questions pertaining to lesson 4. Please ensure to answer each question correctly. 1. Which of the following best describes the objective of internal auditing? A) To assist members of the organization in the effective discharge of their responsibilities B) To assist management with the design and implementation of accounting and control systems C) To examine and evaluate an organization's accounting system as a service to management D) To monitor the organization's internal control system for the external auditors 2. SWOT is an acronym for: A) strategy, working, opinion, tactical. B) strengths, weaknesses, opportunities, threats. C) strategy, work, openness, toughness. D) strategy, weakness, opinions, tactics. 3. In the value chain, primary activities are: A) Directly involved in the production, marketing and delivery of the product or service B) Those activities that are all undertaken in-house C) Those activities that support the production, marketing and delivery of the product or service D) Directly involved in the production and delivery of the product or service 4. One of the strategic decisions relating to the value chain concerns vertical integration. This would involve: A) Deciding whether to locate operations in the home country or in a foreign location B) Deciding whether the activity should be performed within the organization or by a different firm C) Deciding to link all activities using Enterprise Resource Planning D) Deciding whether to share certain activities across different products and markets 5. A comparison between operations or parts of operations that are within the same total organisation is called: A) Competitive benchmarking B) External benchmarking C) Internal benchmarking D) Non-competitive benchmarking 6. Benchmarking against external organisations that do not compete directly in the same markets is called: A) Practice benchmarking B) Collaborative benchmarking C) Non-competitive benchmarking D) Non-assault benchmarking Review The Videos & Write A 100 Word Summary For Each By Focusing On What You Have Learnt.
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November 2016
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