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One of the key benefits of the CIMA E1 Certification Exam is that it prepares individuals to become strategic thinkers who are capable of managing financial resources effectively. Managing Finance in a Digital World certification program is designed to equip candidates with the skills they need to make informed decisions based on financial data and analysis. It also helps them develop the ability to communicate financial information to stakeholders in a clear and concise manner.
NEW QUESTION # 46
The process of human resources planning would involve the following. strategic analysis, forecasting, job analysis and recruitment and training. Which THREE of the following are issues relevant to forecasting?
- A. Induction
- B. Rewards
- C. Appraisal
- D. Divestments
- E. Cost reduction plans
- F. New technology
Answer: D,E,F
NEW QUESTION # 47
A is developing a new mission statement. Which TWO of the following should NOT be included?
- A. What will be achieved in 20 years' time.
- B. The main purpose of A.
- C. Detailed values such as respect, integrity, diversity, teamwork and innovation.
- D. The main business A is concerned with.
- E. A brief summary of A's values and beliefs.
Answer: A,C
NEW QUESTION # 48
Company M has been dealing with Supplier Q for many years. The Procurement Department has a very professional relationship with the supplier and it has recently started using electronic data interchange to place orders directly and on a much more frequent basis to assist production. A large part of the interaction with the supplier is now around price negotiation. According to Reck and Long's strategic positioning tool, which stage is Company M at with Supplier Q?
- A. Supportive stage
- B. Integrative stage
- C. Independent stage
- D. Passive stage
Answer: C
NEW QUESTION # 49
Data profiling forms an essential element of the extraction transformation and loading process. Which of the following best describes data profiling?
- A. Examining the data to understand its content formats and structure.
- B. Storing data in a systematic and logical way ready for further interrogation.
- C. Data being processed into the destination database ready for use
- D. The process of harvesting data from source databases and locations
Answer: A
NEW QUESTION # 50
There are various roles within the finance and accounting function. A trainee accountant first joining the profession can take some time learning the different aspects of each before making a decision on specialising in any particular direction.
Below are different components of the finance function. Match these with the examples of responsibilities listed.
Answer:
Explanation:
NEW QUESTION # 51
It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?
Select ALL that apply.
- A. The consequences of the action
- B. The government policy
- C. The key values associated with the action
- D. The organisational policy
- E. The motivation for the action
- F. The legality of the action
Answer: A,C,E
NEW QUESTION # 52
Lancaster and Withey (2003) identifies five steps in consumer decision making. Which THREE are valid?
- A. Evaluation of the sellers website
- B. The sale decision
- C. Need/problem recognition
- D. Post purchase evaluation
- E. The purchase decision
Answer: C,D,E
NEW QUESTION # 53
Which of the following would be a useful KPI to highlight increasing recruitment costs?
- A. Reportable health and safety incidents.
- B. Employee retention rate.
- C. Training spend per employee.
- D. Ratio of employee costs to turnover
Answer: C
NEW QUESTION # 54
An internal audit department is set up to help prevent fraud. Which of the following are possible implications if fraud is allowed to take place?
Select ALL that apply.
- A. Criminal charges
- B. Inadequate segregation of duties
- C. Loss of new investors
- D. Theft of goods
Answer: A,C,D
NEW QUESTION # 55
Which TWO of the following tasks is associated with a Finance Department's Management Accounting section?
- A. Verifying systems of control
- B. Providing management with decision making information
- C. Dealing with tax administration
- D. Preparing investment appraisals
- E. Arranging for the financing of plans made
- F. Corporate governance compliance within the organisation
Answer: B,D
NEW QUESTION # 56
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. Price
- B. Processes
- C. Place
- D. Promotion
- E. Physical evidence
- F. People
Answer: B,E,F
NEW QUESTION # 57
Which of the following is a feature of an organisation that has adopted a sales orientation?
- A. Selling in the right place
- B. Persuasive promotional policies
- C. Selling at the right price.
- D. Producing the right product
Answer: B
NEW QUESTION # 58
Organisation X is 6 months into an overhaul in its supply chain management and production process.
The organisation aims to prevent errors before they occur, demands participation by all, including customers and suppliers, and the structure is driven by the entire Board of Directors. Which method of management has Organisation X adopted?
- A. Total Quality Management
- B. Six Sigma
- C. Quality Circles
- D. Kaizen
Answer: A
NEW QUESTION # 59
Which THREE of the following describe the role process maps can play in an organisation?
- A. Providing an overview of product flows across supply chains and networks
- B. Providing an understanding of how particular jobs and functions fit into an entire process
- C. Offering a framework to analyse cause and effect in problem solving
- D. Providing a plan-do-check-act operating sequence
- E. Providing an understanding of how the physical and thinking environment can be improved
- F. Acting as a trigger for process redesign and simplification
Answer: A,B,F
NEW QUESTION # 60
The structure of an organisation is likely to change as the organisation develops and grows. Which type of structure is associated with an organisation which is in its early days?
- A. Divisional
- B. Functional
- C. Matrix
- D. Entrepreneurial
Answer: D
NEW QUESTION # 61
There are four approaches to system changeover, each of which varies in terms of risk, cost and time.
When there is a need to minimise costs and time the most suitable approach would be:
- A. Direct changeover
- B. Pilot operation
- C. Phased changeover
- D. Parallel running
Answer: A
NEW QUESTION # 62
Which of the following defines key performance indicators (KPls)?
- A. KPIs are used to create critical success factors.
- B. KPIs are the measures which indicate whether or not a critical success factor is being achieved
- C. KPIs are the measures which indicate whether or not the critical success factors are SMART.
- D. KPIS are used to measure operational activities only
Answer: B
NEW QUESTION # 63
Workforce flexibility takes a number of different forms. Which of the following achieves flexibility where employees have the ability to move between tasks as and when required by the organisation?
- A. Functional flexibility
- B. Shift system flexibility
- C. Numerical flexibility
- D. Temporal flexibility
Answer: A
NEW QUESTION # 64
X Company has several distinctive corporate social responsibility stances including a concentration on the triple bottom line, being proactive, and treating stakeholders as partners. According to Johnson, Whittington and Schools' categorization which of the following stances would best fit X?
- A. Enlightened self-interest
- B. Forum for stakeholder interaction
- C. Shaper of society
- D. Laissez-faire
Answer: B
NEW QUESTION # 65
A business is seeking to introduce TQM. It gets some advice from a business consultant on how to ensure it is successful in its implementation. Which of the following are likely to be included in the advice they receive?
Select ALL that apply.
- A. Gain full commitment from your entire management team.
- B. Give a fixed time scale for the TQM project.
- C. Introduce a TQM department in the organisational structure.
- D. Get your suppliers involved in TQM.
- E. Encourage the sharing of ideas.
- F. Communicate frequently to your business.
- G. Motivate and train your staff to take up the ethos of quality.
- H. Ensure TQM gets strategic focus.
- I. Ensure a clear budget is identified for TQM.
Answer: A,D,G,H
Explanation:
E, F
NEW QUESTION # 66
Which of the following best describes the concept of corporate digital responsibility?
- A. It is a voluntary commitment by organisations to go beyond compliance with technology and data legislation.
- B. It is legislation which details principles about data such as only using it in a fair, lawful and transparent way.
- C. It is a set of best practice guidelines that adhere to the spirit of the law in digital matters.
- D. It is the idea that organisations should be sensitive to all digital stakeholders.
Answer: A
NEW QUESTION # 67
S is employed within the accounting function of a small company. Due to the size of the company, there are not enough resources for separate accounting functions so S is responsible for both management and financial accounting tasks. As the company is so small there is no requirement for audit. However it does make use of the services of an external certified accountant for statutory accounting and taxation services. According to Mintzberg, in which part of the organisation does the external accountant belong?
- A. Strategic apex
- B. Support staff
- C. Technostructure
- D. Operating core
Answer: B
NEW QUESTION # 68
Y has recently been appointed as the head of a large charity. This is the first not-for-profit organisation that she has been involved with, having gained most of her experience in large retail organisations. She wants to make sure that she understands the differing objectives of her new employer.
Which THREE of the objectives below would be most likely associated with a not-for-profit organisation?
- A. Increasing share price
- B. Increasing donations
- C. Utilisation of resources
- D. Value for money
- E. Maximising shareholder returns
- F. Profit maximisation
Answer: B,C,D
NEW QUESTION # 69
Which of the following would be a disadvantage of the use of 'big data'?
- A. Increased speed of decision making
- B. Increased relevance of decisions
- C. Increased volume of unstructured data
- D. Increased system requirements
Answer: D
NEW QUESTION # 70
In preparation for GD Company's annual people resourcing meeting, PR is creating the HR Plan for the Finance Directorate. He is currently collecting information for the second stage of the plan i. e. Internal Analysis. Which THREE of the following will PR need information about for this stage?
- A. Staff potential
- B. Population trends
- C. Identification of shortages of staff
- D. Levels of absenteeism
- E. Turnover of staff
- F. Identification of excess staff
Answer: A,D,E
NEW QUESTION # 71
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CIMA E1 exam focuses on the key areas of digital technology, finance function transformation, and data analytics. E1 exam covers topics such as digital transformation, emerging technologies, financial management, risk management, and performance management. It is designed to equip candidates with the skills and knowledge needed to effectively manage finance in a digital world.
CIMA E1 certification exam is designed for professionals who want to specialize in managing finance in a digital world. It is a globally recognized certification that is offered by the Chartered Institute of Management Accountants (CIMA). E1 exam covers various topics related to finance management, including digital technology, financial strategy, and risk management.
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