Models of evaluation Quality

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

Question

a) The preparation of budgets is a lengthy process which requires great care if the ultimate master budget is to be useful for the purposes of management control within an organisation. Required: Explain EIGHT stages involved in the budgeting process in a manufacturing organisation

b) Budgeting serves a number of useful purposes. They include planning annual operations, coordinating the activities of the various parts of the organisation, communicating plans to various responsibility centre managers among others. Notwithstanding these useful purposes, budgeting has been criticised for several reasons. Required: Identify FIVE criticisms of budgeting.

c) Despite the benefits of minimised inventory cost, waste elimination and quick turnaround time for customers, a lean production model is beset with inherent limitations. Required: Explain FOUR limitations to the efficient implementation of a lean production model in an organization.

Answer

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Tags: Inventory Management, Lean Production, Limitations, Production Efficiency
Level: Level 2

Topic: Models of evaluation Quality
Series: MAR 2025

MA – Nov 2021 – L2 – Q2c – Models of evaluation Quality

Discuss circumstances that may create self-interest threats in performance management.

Question

c) An Accountant is not immune from putting their interest ahead of organizational goals. The tendency to hide serious errors that might affect one’s competence as an Accountant cannot be discounted. This is especially the case when an increase in remuneration is based on performance assessment.

Required:
Explain TWO (2) examples of circumstances that may create self-interest threats in performance management. (5 marks)

Answer

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Tags: Ethical Challenges, Performance Management, Self-Interest Threats
Level: Level 2

Topic: Models of evaluation Quality
Series: NOV 2021

MA – Nov 2021 – L2 – Q2b – Models of evaluation Quality

Identify challenges in developing Business Process Re-engineering (BPR).

Question

b) Technology is what moves the wheel of competition. For example, banks have moved away from the cumbersome processes of cash deposits and withdrawals over the years. In fact, with some banks, customers can transact business in the comfort of their homes through internet banking. This is an aspect of Business Process Re-engineering (BPR).

Required:
State FOUR (4) challenges to be faced when developing BPR. (4 marks)

Answer

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Tags: BPR Challenges, Business Process Re-engineering, Organizational Change, Technology
Level: Level 2

Topic: Models of evaluation Quality
Series: NOV 2021

MA – Nov 2021 – L2 – Q2a – Models of evaluation Quality

Explain product and process benchmarking, and state difficulties in competitive benchmarking.

Question

a) It is a fact that human beings are unique individuals, yet some look up to successful people as mentors, and there is nothing wrong with that. It is believed that it is not necessary to reinvent the wheel in everything we want to do. Where others have done it well, we can follow their steps.

In business, there are several areas where one company can benchmark successful ones to remain competitive. Successful organizations always seek to follow best practices to enhance their operations and meet customers’ satisfaction.

Required:
i) Explain product benchmarking. (2 marks)
ii) Explain process benchmarking. (2 marks)
iii) State TWO (2) difficulties that may be faced when embarking on Competitive Benchmarking. (2 marks)

Answer

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Tags: Competitive Benchmarking, Process Benchmarking, Product Benchmarking
Level: Level 2

Topic: Models of evaluation Quality
Series: NOV 2021

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Inventory Management, Lean Production, Limitations, Production Efficiency
Level: Level 2

Topic: Models of evaluation Quality
Series: MAR 2025

MA – Nov 2021 – L2 – Q2c – Models of evaluation Quality

Discuss circumstances that may create self-interest threats in performance management.

Question

Required:
Explain TWO (2) examples of circumstances that may create self-interest threats in performance management. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ethical Challenges, Performance Management, Self-Interest Threats
Level: Level 2

Topic: Models of evaluation Quality
Series: NOV 2021

MA – Nov 2021 – L2 – Q2b – Models of evaluation Quality

Identify challenges in developing Business Process Re-engineering (BPR).

Question

Required:
State FOUR (4) challenges to be faced when developing BPR. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: BPR Challenges, Business Process Re-engineering, Organizational Change, Technology
Level: Level 2

Topic: Models of evaluation Quality
Series: NOV 2021

MA – Nov 2021 – L2 – Q2a – Models of evaluation Quality

Explain product and process benchmarking, and state difficulties in competitive benchmarking.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive Benchmarking, Process Benchmarking, Product Benchmarking
Level: Level 2

Topic: Models of evaluation Quality
Series: NOV 2021

Topic: Models of evaluation Quality

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MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

MA – Nov 2021 – L2 – Q2c – Models of evaluation Quality

Discuss circumstances that may create self-interest threats in performance management.

MA – Nov 2021 – L2 – Q2b – Models of evaluation Quality

Identify challenges in developing Business Process Re-engineering (BPR).

MA – Nov 2021 – L2 – Q2a – Models of evaluation Quality

Explain product and process benchmarking, and state difficulties in competitive benchmarking.

MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

MA – Nov 2021 – L2 – Q2c – Models of evaluation Quality

Discuss circumstances that may create self-interest threats in performance management.

MA – Nov 2021 – L2 – Q2b – Models of evaluation Quality

Identify challenges in developing Business Process Re-engineering (BPR).

MA – Nov 2021 – L2 – Q2a – Models of evaluation Quality

Explain product and process benchmarking, and state difficulties in competitive benchmarking.

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Topic: Models of evaluation Quality

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MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

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MA – Nov 2021 – L2 – Q2c – Models of evaluation Quality

Discuss circumstances that may create self-interest threats in performance management.

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MA – Nov 2021 – L2 – Q2b – Models of evaluation Quality

Identify challenges in developing Business Process Re-engineering (BPR).

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MA – Nov 2021 – L2 – Q2a – Models of evaluation Quality

Explain product and process benchmarking, and state difficulties in competitive benchmarking.

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MA – Mar 2025 – L2 – Q2 – Budgetary control

Explain eight stages in the budgeting process for a manufacturing organization.

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MA – Nov 2021 – L2 – Q2c – Models of evaluation Quality

Discuss circumstances that may create self-interest threats in performance management.

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MA – Nov 2021 – L2 – Q2b – Models of evaluation Quality

Identify challenges in developing Business Process Re-engineering (BPR).

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MA – Nov 2021 – L2 – Q2a – Models of evaluation Quality

Explain product and process benchmarking, and state difficulties in competitive benchmarking.

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