Section D Simple

Question 1

What does finance have the biggest influence on in to ‘information to impact’ model?

Answer 1

Influence
Impact
Advise
Apply

Question 2

What does tech and automation has the biggest influence on it the ‘information to impact’ model?

Answer 2

Information
Insight
Assemble
Analyse

Question 3

What is outsourcing?

Answer 3

Contracting out aspects of work

Question 4

What is a shared service centre?

Answer 4

Org chooses to consolidate activities at one site

Question 5

What are transaction costs?

Answer 5

Indirect costs incurred in performing a particular activity. E.g. expenses incurred through outsourcing

Question 6

What functions does McKinsleys report suggest will be automated by tech?

Answer 6

Data Collection
Data Processing
Applying Expertise
Stakeholder Interactions
Managing Others

Question 7

What is RPA and what does it provide?

Answer 7

Robotic Procesa Automation

Provides opportunities to automate many routine, clerical activities