E1 Exam Dumps, E1 Practice Test Questions [Q50-Q69]

E1 Exam Dumps, E1 Practice Test Questions

PDF (New 2024) Actual CIMA E1 Exam Questions

NEW QUESTION # 50
A Company is considering to outsource its accounts payable According to the transaction cost theory of Williamson and Coase, which of the following involve activities and costs associated with policing and enforcing the agreement with the service provider?

A. Ensunri9lne outsourcer maintains the agreed service level.
B. Determining which supplier is the cheapest.
C. Agreeing an acceptable service level agreement.
D. Monitoring asset purchases associated with the agreement

Answer: C

NEW QUESTION # 51
A manufacturing company had major issues with quality standards and as a result received a number of complaints from its customers.
Due to this the company's senior management has considered some new objectives for the business.
Which of the following comply with all requirements of a SMART objective and will help to overcome this issue?
Select ALL that apply.

A. To reduce the number of complaints due to quality issues by 28% by the end of the year.
B. To reduce quality issues significantly within eight weeks.
C. To reduce defects from 53 per 1000 to 35 per 10,000 within 10 months.
D. To reduce the current level of defects from Oper 1,000 to 35 per 1,000 by the end of the month.
E. To reduce the number of complaints from 754 to 450 as soon as possible
F. To increase output from 2,500 units per hour to 3,500 units per hour within a year.

Answer: A,C

NEW QUESTION # 52
Which of the following sources of data will have limited usefulness to finance professionals?

A. Primary market research data
B. Competitors' journal articles
C. Output reports from production.
D. Weekly sales report

Answer: C

NEW QUESTION # 53
Data science is increasingly important in the production of business focused data It consists mainly of experts with backgrounds in mathematics, programming and computer science Which of the following best describes the attributes of a data scientist?

A. individuals with the ability to extract meaning from and interpret data from statistics and machine learning.
B. Individuals who can affect or be affected by the organisations actions
C. Individuals who flag inefficiencies in the system and potentially suggest improvements and test solutions.
D. Individuals who act as an interface between the business functions and data specialists

Answer: A

NEW QUESTION # 54
Which of the following is an advantage of outsourcing?

A. Continuity is guaranteed
B. Data confidentiality is stengthened
C. Cost savings may be made
D. Core competence may be strengthened

Answer: C

NEW QUESTION # 55
Which of the following is associated with the control aspect of the finance function?

A. Pricing decisions
B. Investment decisions
C. Strategy formulation
D. Amendment of original budgets

Answer: D

NEW QUESTION # 56
Corporate social responsibility (CSR) encompasses four different dimensions.
Match each of the descriptions below with the correct CSR dimension.

Answer:

Explanation:

NEW QUESTION # 57
Which TWO of the following are important aspects of the product in the marketing mix?

A. Sponsorship
B. Advertising
C. Warranties
D. Distribution
E. Brand image

Answer: C,E

NEW QUESTION # 58
Place the following categories typically found in a 'person specification' next to each job holder's requirements.

Answer:

Explanation:

NEW QUESTION # 59
Which of the following describes a disadvantage of succession planning?

A. It develops career structures.
B. It motivates employees as rewards are visible.
C. It can be cheaper than advertising.
D. Planning requires resources to manage it.

Answer: D

NEW QUESTION # 60
Which of the following can facilitate innovation within an organisation?
Select ALL that apply.

A. The communications system
B. A blame culture
C. A formal structure
D. The leadership style

Answer: A,D

NEW QUESTION # 61
N is working on a project management team for the first time and is aware that there are distinct stages that follow on consecutively in the project management process However, N is unsure of the exact order of these stages Which of the following indicate the project management stages in the correct order?

A. Initiation, planning, executing, controlling, review and close.
B. Planning initiation, executing, controlling, review and close
C. Initiation. planning, controlling, executing, review and close
D. Planning, initiation, controlling, executing, review and close

Answer: A

NEW QUESTION # 62
A new manufacturing firm has been growing very rapidly. Both its output and hired staff have increased dramatically, and it's looking like the business will have to physically expand sometime in the near future.
The company's managing director decides to outsource the payroll of the business to an external provider.
What are his likely reasons for making this decision?

A. Better management information will be supplied.
B. There is more confidentiality when using external providers.
C. It will allow him to focus on other priorities.
D. He is finding it difficult to keep on top of all of the support activities he has to provide.
E. It will improve the accuracy in the payroll.
F. He is finding managing the payroll complicated and time consuming.
G. Payroll requires an expertise on tax and legislation that he does not have in house.

Answer: C,D,F,G

NEW QUESTION # 63
T is the head of the marketing department in company Z. There have been several new recruits into the department recently and T is introducing them to the marketing mix. T explains that the original marketing mix had only 4 Ps. However, this was focused primarily around the manufacturing industry. The mix was later extended to include an extra 3 Ps for use in the service industry. Which THREE of the following are the extra
3 Ps?

A. Place
B. People
C. Physical evidence
D. Promotion
E. Price
F. Processes

Answer: B,C,F

NEW QUESTION # 64
Which THREE of the following are characteristics of undifferentiated marketing?

A. Producing several products each aimed at different segments
B. Having little concern for segmentation
C. Specialising in one or two identified markets
D. Delivering a single product to the entire market
E. Aiming to attract as many customers as possible to buy the product
F. Selecting the most lucrative markets

Answer: B,D,E

NEW QUESTION # 65
Different types of organisation exist for different purposes. Match the types of organisation to the appropriate purpose.

Answer:

Explanation:

NEW QUESTION # 66
Running shoe manufacturer Bo Joggs have a long established method to ensure their product is right first time.
The aim is to reduce the amount of quality checking. Internal processes and procedures are closely monitored so that the running shoes are of the highest standard before going to market.
What are Bo joggs likely to do to ensure this quality is maintained?
Select ALL that apply.

A. Employ skilled shoemakers.
B. Use a Kaizen method of production.
C. Adopt the Pa re to rule.
D. Have the best quality shoe-making machinery.
E. Train staff.
F. Use the highest quality fabric.

Answer: A,D,E,F

NEW QUESTION # 67
Simone is a management accountant at a jewellers called ShinyShiny. She is currently conducting operational reporting for them.
Which of the following will Simone not discover during her operational reporting?
Select ALL that apply.

A. That the level of sales in one shop are higher than another.
B. That ShinyShiny isn't able to pay back its loans.
C. That more men than women seem to be buying their products.
D. That the gold bangles sell better than the silver bangles.
E. That ShinyShiny's processes need to be improved.

Answer: B,E

NEW QUESTION # 68
In a manufacturing company, it is important to maintain the correct levels of inventory, with particular attention to holding and ordering costs. For each of the types of costs listed below, identify whether these are holding costs or ordering costs: