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Chapter 11: Strategic management...
Fill in the blanks

These fill in the blank questions will enable you to assess your understanding of the core material covered in this chapter of Management Accounting for Non Specialists.

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1 .       SWOT is an example of a ______ analysis. [Hint]



2 .       In a competitor profitability analysis, it is not recent profit, revenues and costs that are of interest particular interest. It is the ______ structure. [Hint]



3 .       A ______ profitability analysis is essentially an abbreviated profit and loss account for each customer. [Hint]



4 .       Value based management is encouraged by the fact that businesses are now in a much more competitive position for ______ funds than they were in the past. [Hint]



5 .       Shareholder value analysis is based on the idea that a business is, in effect, a portfolio of ______ projects. [Hint]



6 .       In SVA, the cash flows used to measure total business value are the ______ cash flows [Hint]



7 .       In SVA, shareholder value is total business value less the market value of ______ capital. [Hint]



8 .       Economic value added (EVA®) is based on the idea of ______ profit. [Hint]



9 .       An advantage of using EVA® over SVA is that it is based on the existing ______ ______ systems. [Hint]



10 .       There are ______ main areas where objectives are set, when using a balanced-scorecard approach. [Hint]



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