Cima E3 Exam Question No 24

Question No 24:

What is PEST - Political Risk Examples of political risk within Countries?

• Outbreak of national war, civil war, unrest or riot.
• Nationalization of industries
• Enforcement of international trade barriers
• New regulations or legislation introduced
• Restrictions on dividends or expropriation of assets out of a country.
• Political instability

Cima E3 Exam Question No 23

Question No 23:

What is Game theory?

A branch of applied mathematics that can be used in social sciences, in particular it can be applied to the theory of competition in terms of gains and losses amongst opposing rivals. A mathematical framework is used for analyzing different choices that rational players can make, when their pay-off depends on the combination of their choices, as well as all other players choices.

Cima E3 Exam Question No 22

Question No 22:

What is Key performance indicators KPIs (performance measures)?

Key performance indicators KPIs (performance measures) Objectives which have metastability and time scale.

Cima E3 Exam Question No 21

Question No 21:

What is Objectives?

A measurable goal with a clearly defined timescale to achieve it.
Objectives should 'SMART' (specific, measurable, agreed, realistic and time bound.

Cima E3 Exam Question No 20

Question No 20:

What is Critical success factors (CSFs)?

Key organizational goals that if achieved will make the organization more successful.