Which guiding principle emphasizes on leveraging what is already available mcq
1. LO 1.1The managers of an organization are responsible for performing several broad functions. They are ________. 2. LO 1.1Management accountants help the management of an organization in their planning function through ________. 3. LO 1.1Which of the following is a primary aspect of the evaluating function within an organization? 4. LO 1.1During the control function, the measurements taken of the performance must be accurate enough to see ________. 5. LO 1.1Which of the following is false regarding strategic planning? 6. LO 1.2Managerial accounting produces information: 7. LO 1.2Management accounting: 8. LO 1.2Internal users of accounting information would not include ________. 9. LO 1.2External users of accounting information would include ________. 10. LO 1.2Which of the following statements is incorrect? 11. LO 1.3The stockholders of a company are: 12. LO 1.3The controller of a corporation: 13. LO 1.3The Chartered Financial Analyst (CFA) certification: 14. LO 1.3The Certified Management Accountant (CMA) certification: 15. LO 1.3Which of the following terms means the ability to work in cross-functional teams in order to complete a task? 16. LO 1.3Which of the following terms means knowing how a business is run and how it is influenced by external forces, and knowing and understanding the overall industry? 17. LO 1.4What is the law that protects investors from fraudulent financial accounting activity? 18. LO 1.4What year was the Sarbanes-Oxley Act enacted? 19. LO 1.4When a representative of an organization gives money to another business official in order to gain favor and/or manipulate a business decision, this is known as ________. 20. LO 1.4The law that specifically prohibits payments to foreign officials in order to attain business is known as ________. 21. LO 1.4Which of the following is not a step in the outline for examining ethical issues?
22. LO 1.5Which of the following is not an objective used in the balanced scorecard approach? 23. LO 1.5Which of the following is not true regarding continuous improvement? 24. LO 1.5A company’s attempts to utilize sustainable business practices with regard to its employees, the environment, and society are known as ________. 25. LO 1.5A process that is often linked to Six Sigma and is designed toward continuous improvement by eliminating waste is ________. 26. LO 1.5An inventory system that organizations use to increase efficiency and decrease waste is ________. 27. LO 1.5A quality control program that depends on multiple team members for removing waste and diminishing defects within products is ________. What are the 7 guiding principles?The seven ITIL guiding principles are:. Focus on value.. Start where you are.. Progress iteratively with feedback.. Collaborate and promote visibility.. Think and work holistically.. Keep it simple and practical.. Optimize and automate.. Which describes the nature of the guiding principles Mcq?Which describes the nature of the guiding principles? A guiding principle is defined as a recommendation that can guide an organization in all circumstances and will guide organizations when adopting service management. They are not described as prescriptive or mandatory.
Which guiding principle emphasizes that everything the organisation does must map directly or indirectly to value for the stakeholders?Principle one is focus on value - everything that the organization does needs to map, directly or indirectly, to value for the stakeholders.
Which guiding principle includes establishing an understanding of how all the parts of an organization work together in an integrated way?Taking a holistic approach to service management includes establishing an understanding of how all the parts of an organization work together in an integrated way (remember the four dimensions of service management?), including having an end-to-end visibility of how demand is captured and translated into outcomes.
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