Practice Free OMG-OCEB2-FUND100 Exam Online Questions
Question #21
The Value Reference Model is composed of three key elements.
What are they?
- A . Strategy, KPI, and Action Plan
- B . Suppliers, processes, and Customers
- C . Inputs/Outputs, Metrics, and Best practices
- D . Mission, Strategy, and Plan
Question #22
Which of the following statement is a principle generally associated to Business Process Management (BPM)?
- A . Business Process Management (BPM) requires assignment of process owners.
- B . Business processes are organizational assets central to value creation to customers.
- C . Process participants must report to process sponsor or owner.
- D . Processes are function’s assets combined to increase investors value.
Question #23
What properly describes a representation of a business process?
- A . The organization weaknesses.
- B . The organization competitive advantages.
- C . How the organization performs its business.
- D . How participants are measured and rewarded based on their performance.
Question #24
Pizza company wants to develop their own BSC.
Which approach should they adopt?
- A . Bottom up approach
- B . Process-centric approach
- C . Horizontal approach
- D . Top down approach
Question #25
According to the book “MBA in a day”: which definition describes the marketing process?
- A . Marketing is a process which ensures that brochures and the like are being manufactured in high quality and which arranges the stand at a trade fair.
- B . Marketing is a synonym for distribution. Therefore its goal is to bring new products and services to the market and sell them with the highest possible price.
- C . Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating, offering, and exchanging products of value with others.
- D . Marketing is the systematization of generating leads (by taking out adverts on different media channels), evaluating each lead and then routing them to the sales department.
Question #26
Basel II provides recommendations for which domain?
- A . Manufacturing
- B . Healthcare
- C . Banking & Finance
- D . Information Technology (IT)
Question #27
What is a Balanced Scorecard?
- A . A business strategy
- B . A financial system
- C . A management framework
- D . An action plan
Question #28
Which of the following diagram is in error?
A)
B)
C)
D)
- A . Option A
- B . Option B
- C . Option C
- D . Option D
Question #29
What is Project Management?
- A . The application of procedures to successfully deliver a business result.
- B . The approach to shift/transition individuals, teams, and organizations from a current state to a desired future state.
- C . The identification of requirements and the delivery of the identified solution.
- D . The application of knowledge, skills, tools and techniques to project activities to meet project requirements.
Question #30
What is the break-even point?
- A . A special item on a Balanced Score Card (BSC)
- B . The point at which production costs are equal to the sales revenues
- C . The point at which a company becomes insolvent
- D . The point at which variable costs overtakes the overhead costs