Latest CIMA E1 First Attempt, Exam real Dumps Updated [Feb-2024]
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NEW QUESTION # 91
Which of the following are associated with the mission of an organisation?
Select ALL that apply.
- A. Culture of the organisation
- B. Purpose of the organisation
- C. Staff perception of the organisation
- D. Strategy of the organisation
- E. Product marketing strategy of the organisation
- F. Service level of the organisation
Answer: A,B,D
NEW QUESTION # 92
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. Promotion
- C. People
- D. Physical evidence
- E. Place
- F. Processes
Answer: C,D,F
NEW QUESTION # 93
'A mam stakeholder of the finance function typically enquires about the prospects of the business, alongside overall performance and feedback on the leadership team' Which of the following stakeholders is being discussed?'
- A. Production
- B. Sales
- C. SharehoWers
- D. Human Resources
Answer: A
NEW QUESTION # 94
Which of the following best describes the 'passive stage' of purchasing?
- A. Purchasing is concentrated on price negotiation
- B. Purchasing is independent of corporate strategy
- C. Purchasing has no strategic direction
- D. Purchasing integrates latest practices and technology
Answer: C
NEW QUESTION # 95
A facilities management company sells to local councils.
Which THREE of the following are appropriate methods of marketing?
- A. Personal selling
- B. Celebrity endorsements
- C. Newspaper adverts
- D. Exhibitions
- E. Social media
- F. Technical seminars
Answer: A,D,F
NEW QUESTION # 96
An employee feels forced to resign due to their employer allowing them to be bullied. Which type of dismissal is this an example of?
- A. Unfair
- B. Constructive
- C. Wrongful
- D. Arbitrary
Answer: B
NEW QUESTION # 97
M works in the finance function of S Company, a logistics and distnbution organisation M has been asked to assist in narrating how the company has performed by collating the regular six monthly review for distribution to shareholders Which of the following finance function activities best describes the activities M is likely be involved in?
- A. Sales forecasting
- B. Quantitative analysis
- C. Qualitative analysis
- D. Corporate reporting
Answer: D
NEW QUESTION # 98
TJD is a national retailer of garden accessories and a FTSE 350 company It is currently establishing a remuneration committee According to the UK Corporate Governance Code what is the minimum number of non-executive directors TJD's remuneration committee should be made up of?
- A. At least 5
- B. At least 7
- C. At least 2
- D. least 3
Answer: D
NEW QUESTION # 99
The Finance Function of PRS Company have been working with the Human Resources function (HR) lo develop a series of Key Performance Indicators (KPIs).
Which of the following HR activities would be the focus of the proposed 'employee satisfaction scores" KPI?
- A. Motivation management
- B. Training and development
- C. Performance management
- D. Selection and recruitment
Answer: A
NEW QUESTION # 100
An individual works for Organisation
- A. They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.
An individual works for Organisation B. They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.
An individual works for Organisation C. They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.
For each of the organisations above, match them with the relevant sector below.
Answer:
Explanation:
NEW QUESTION # 101
One of the roles of the finance function is to help deploy solutions. Which activity of the "information to impact" framework is this a part of?
- A. Analyse
- B. Achieve
- C. Advise
- D. Apply
Answer: D
NEW QUESTION # 102
It is important to assess the contribution made by the finance function. If a balanced scorecard approach is used, which of the following categories would utilise the measure of staff turnover?
- A. Enhancement of internal processes
- B. Financial
- C. Learning and growth
- D. Customer satisfaction
Answer: C
NEW QUESTION # 103
Which of the following statements best describes quantitative information?
- A. Information that comes from data normally expressed as numbers.
- B. Information that is often in the form of opinions
- C. Information that is derived from case studies.
- D. Information that is difficult to record and process.
Answer: A
NEW QUESTION # 104
Stephanie has just secured a job as a management accountant for a well-known banking firm. She needs to understand the organisation's financial position.
What should she do first in order to gain this understanding?
- A. Record the organisation's transactions in the books of prime entry.
- B. Submit the company's accounts to the IFRS.
- C. Total all the day books and enter them into ledgers.
- D. Inform the tax authorities of the organisation's revenues.
Answer: A
NEW QUESTION # 105
Company T needs to update its forecast for the remaining 9 months of the financial year to comply with its bank financing convenants. There is a debate between the manufacturing department, which wants to replace some large equipment within the next six months, and the finance function, which wants to ensure that sufficient reserves have built up to fund the purchase outright rather than exploring further financing options.
Which conflicting factors are the two departments debating?
Select ALL that apply.
- A. Independence
- B. Short term
- C. Capital expenditure
- D. Long term
- E. Revenue expenditure
Answer: B,D
NEW QUESTION # 106
Which of the following statements regarding Just-In-Time (JIT) are true?
1:The main aim of JIT it to ensure a business has a sufficient amount of leftover stock, just in case it's needed further down the line.
2:Although the benefits of JIT are many, its use can end up harming supplier relations.
3:JIT generally results in lower costs for the business using it.
- A. 1 + 2
- B. 0
- C. 1
- D. 1 + 2 + 3
- E. 2
- F. 2 + 3
- G. 1 + 3
Answer: B
NEW QUESTION # 107
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. Rewards
- B. Appraisal
- C. Cost reduction plans
- D. Induction
- E. New technology
- F. Divestments
Answer: C,E,F
NEW QUESTION # 108
Porter's Value Chain was developed to determine whether a firm's activities contribute towards it's competitive advantage. E is the new Chief Executive of an organisation which manufactures and distributes hand made wooden furniture. His initial observations are that sometimes the workflow through the organisation can be a little disjointed and it is unclear from overall results which areas contribute to profit and quality and which do not. Using Porter's Value Chain model, identify which THREE of the options below are Primary activities.
- A. Marketing and sales
- B. Inbound logistics
- C. Procurement
- D. Operations
- E. Human resource management
- F. Technology
Answer: A,B,D
NEW QUESTION # 109
Finance business partners are seen as leaders that can influence the decisions that businesses make. Which of the following best describes their role in this process?
- A. Providing preliminary insight
- B. Maximising value
- C. Executing strategies set by the CEO
- D. Generating information
Answer: B
NEW QUESTION # 110
The growth and success of virtual teams have been a result of which THREE developments becoming available to organisations?
- A. Accurate systems of inventory management
- B. Computer-aided design processes
- C. Remote on-line meetings
- D. Efficient broadband connections
- E. Safe transfer of funds electronically
- F. Electronic information sharing
Answer: C,D,F
NEW QUESTION # 111
Which of the following is an example of a computerised system that is used to plan production requirements of raw materials, work-in-progress and finished goods?
- A. Enterprise resource planning (ERP)
- B. Total quality management (TQM)
- C. Material requirement planning (MRP)
- D. Manufacturing resource planning (MRP II)
Answer: C
NEW QUESTION # 112
Place 'Management accountant' or 'Financial accounant' next to each of the following statements according to which applies.
Answer:
Explanation:
NEW QUESTION # 113
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. Promotion
- C. People
- D. Physical evidence
- E. Place
- F. Processes
Answer: C,D,F
NEW QUESTION # 114
Which of the following are advantages of a virtual team?
Select ALL that apply.
- A. New members can be brought in and out of the team easily.
- B. The costs of a central office are not needed.
- C. Members do not feel isolated.
- D. It is easier to establish decision making processes.
Answer: A,B
NEW QUESTION # 115
Karl runs a factory. He wants his employs to feel that their role in the company has meaning.
Which of the following would help to make his employees feel this way?
- A. Ensure that all employees have a variety of jobs to do.
- B. Ensure each task has a clear identity, with it being made clear how that task fits into the overall operation.
- C. Ensure each task is significant in some way.
- D. Ensure employees can see the results of their work.
- E. Ensure each employee has a degree of independence and flexibility.
Answer: A,B,C
NEW QUESTION # 116
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