ACCA P5 Interim Assessment
ACCA
Paper P5
Advanced Performance Management
December 2011
Interim Assessment – Answers
To gain maximum benefit, do not refer to these answers until you have completed the revision mock questions and submitted them for marking.
PAPER P5 : ADVANCED PERFORMANCE MANAGEMENT
© Kaplan Financial Limited, 2011
All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without prior permission from Kaplan
Publishing.
The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials
2
KAPLAN PUBLISHING
INTERIM ASSESSMENT ANSWERS
SECTION A
ANSWER 1
(a)
Setting corporate objectives can help a company in various ways.
•
Corporate objectives provide a framework within which plans can be made and decisions can be taken. Managers can formulate plans and make decisions on the basis of whether they will contribute towards the achievement of those objectives. •
In a larger organisation, formally announced objectives provide a method of communicating the intentions of senior management to others in the organisation, so that everyone knows what the organisation is trying to achieve.
•
Honestly stated objectives can also act as an incentive to staff. Employees often like to have the
Paper P5
Advanced Performance Management
December 2011
Interim Assessment – Answers
To gain maximum benefit, do not refer to these answers until you have completed the revision mock questions and submitted them for marking.
PAPER P5 : ADVANCED PERFORMANCE MANAGEMENT
© Kaplan Financial Limited, 2011
All rights reserved. No part of this examination may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without prior permission from Kaplan
Publishing.
The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. Kaplan Publishing Limited and all other Kaplan group companies expressly disclaim all liability to any person in respect of any losses or other claims, whether direct, indirect, incidental, consequential or otherwise arising in relation to the use of such materials
2
KAPLAN PUBLISHING
INTERIM ASSESSMENT ANSWERS
SECTION A
ANSWER 1
(a)
Setting corporate objectives can help a company in various ways.
•
Corporate objectives provide a framework within which plans can be made and decisions can be taken. Managers can formulate plans and make decisions on the basis of whether they will contribute towards the achievement of those objectives. •
In a larger organisation, formally announced objectives provide a method of communicating the intentions of senior management to others in the organisation, so that everyone knows what the organisation is trying to achieve.
•
Honestly stated objectives can also act as an incentive to staff. Employees often like to have the