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NEW QUESTION # 123
Which TWO of the following are the responsibility of the Chief Financial Officer (CFO) in achieving the desired organisational impact?
- A. Generation of information and providing preliminary insight
- B. Working with specialists to provide further insight to decision makers
- C. Financial planning and analysis.
- D. Launching key initiatives that support organisation goals
- E. Liaising effectively with internal and external stakeholders
Answer: B,D
NEW QUESTION # 124
L is employed within a startup organisation that has limited funds. The organisation is a firm of lawyers specialising in all legal fields, such as family law, property law, commercial law and litigation. Due to the relative infancy of the organisation, and restrictions on funds, they have to be prudent with their choice of information systems. They have all the IT they need for staff but the agreed best way to build the business has been to focus on building their client and prospective client base. Which of the following should the organisation invest in to help achieve this aim?
- A. Customer Relationship Management software
- B. Intranet
- C. Purchase cloud backup capabilities
- D. Enterprise Resource Planning software
Answer: A
NEW QUESTION # 125
TTT plc has recently been responsible for a major environmental accident. As a result the management of the company wishes to set up a large fund to compensate stakeholders affected. The company has a significant number of institutional shareholders which own a large share of the company, as well as many individual investors.
The management is considering Mendelow's Matrix to determine the likely movement of the institutional shareholders during the change in strategy. What is the institutional shareholders' likely movement according to Mendelow?
- A. From 'Keep satisfied' to 'Keep informed'
- B. From 'Keep satisfied' to 'Key players'
- C. From 'Keep informed' to 'Keep satisfied'
- D. From 'Minimal effort' to 'Keep informed'
Answer: B
NEW QUESTION # 126
Which of the following are benefits of appraisals? Select ALL that apply.
- A. Allows manager/employee to exchange feedback.
- B. Rewards performance above and beyond the expected.
- C. Can reduce the chance of confrontation occurring.
- D. Sets targets to help improve employee motivation.
- E. Identifies where the employee needs improvement and how to go about it.
- F. Ties in with career planning.
- G. The process is usually devoid of bias.
- H. Bureaucracy is reduced.
Answer: A,B,D,E,F
NEW QUESTION # 127
Which of the following statements best describes quantitative information?
- A. Information that is difficult to record and process.
- B. Information that is derived from case studies.
- C. Information that is often in the form of opinions
- D. Information that comes from data normally expressed as numbers.
Answer: D
NEW QUESTION # 128
C's company wants to increase socially responsible cost effective practices across it's supply chain C who is a member of the finance function has been asked to see how this can be achieved and is going to use the 'information to impact framework* to do this.
Which of the following is the correct order in which the required activities will need to be earned out?
- A. Assemble, Analyse , Advise. Apply
- B. Analyse. Assemble, Advise. Apply
- C. Apply. Advise Analyse, Assemble
- D. Advise. Assemble. Apply. Analyse
Answer: A
NEW QUESTION # 129
Place 'Management accountant' or 'Financial accounant' next to each of the following statements according to which applies.
Answer:
Explanation:
NEW QUESTION # 130
The Sales Manager has called his usual monthly meeting with his sales team and presented the monthly sales budget broken down into weekly targets for each member of the team. What type of planning is this?
- A. Intermittent
- B. Strategic
- C. Tactical
- D. Operational
Answer: D
NEW QUESTION # 131
Which of the following is NOT an element of the system development life cycle?
- A. Review
- B. Analysis
- C. Planning
- D. Implementation
Answer: A
NEW QUESTION # 132
Inventory control, which maintains a low level of inventory, is important to ensure which of the following?
- A. Low holding costs
- B. Continual customer satisfaction
- C. Uninterupted production
- D. High level of redundant stock
Answer: A
NEW QUESTION # 133
Which of the following is important when considering the 'Promotion' element of the marketing mix?
- A. Distribution channels
- B. Public relations
- C. Packaging
- D. After sales service
Answer: B
NEW QUESTION # 134
'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. SharehoWers
- B. Production
- C. Human Resources
- D. Sales
Answer: B
NEW QUESTION # 135
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. Quality Circles
- B. Kaizen
- C. Total Quality Management
- D. Six Sigma
Answer: C
NEW QUESTION # 136
Following scandals such as Enron and legislation such as Sarbannes-Oxley in the US, the emphasis of the finance function of many entities has changed. This has led to which of the following?
Answer:
Explanation:
NEW QUESTION # 137
M works for an organisation that adopts the principle of a total reward package for high achieving employees. The organsiation recognises that there are more things to motivate staff than cash remuneration alone. M is striving for promotion and has been promised a company car and prominent car parking space at the front of the office if he achieves it. Which of Maslow's needs is being identified in the scenario above?
- A. Social
- B. Ego
- C. Self-fulfillment
- D. Safety
Answer: B
NEW QUESTION # 138
A company is expanding its baby clothing product range to include all items for infants, for example feeding and bathing equipment. As this is a new venture for the company, the Board of Directors has agreed that market research is a necessary exercise, but it is undecided as to which is the most efficient and effective method. Which of the following methods of research would be most appropriate?
- A. Interviews
- B. Experimentation
- C. Questionnaires
- D. Focus groups
Answer: D
NEW QUESTION # 139
XY Company is a manufacturing company making a variety of products for sale in different markets. Which of the following is the most likely organisational structure that such a company will adopt?
- A. Functional structure
- B. Entrepreneurial structure
- C. Divisional structure
- D. Matrix structure
Answer: C
NEW QUESTION # 140
Company Q has several layers of management. The Chief Executive Officer (CEO) wishes to remove some of these layers to streamline the organisation and increase efficiencies. The initial plan is for third party contractors to take over support activities. What change in the organisation is the CEO making?
- A. Outsourcing
- B. Alliance agreement
- C. Horizontal expansion
- D. Vertical expansion
Answer: A
NEW QUESTION # 141
Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?
- A. Timely information about product prices and availability can be obtained through organisational systems.
- B. Competitive strategies rely on the effectiveness of organisational purchasing.
- C. Purchasing managers are involved in strategy development.
- D. Efficiency is at least equal to other organisational operations such as payroll and invoicing.
- E. Supply is obtained at the best price once requested by departments.
- F. Suppliers are viewed as vital partners.
Answer: B,C,F
NEW QUESTION # 142
AAA Hotel provides accommodation near a major airport. When considering capacity management the hotel needs to clarify the component measurements identified below.
Match each of the three measurements below with the correct capacity element.
Answer:
Explanation:
NEW QUESTION # 143
Vladimir is the managing director of a IT repair business called Screenhax. The company has been operating for 10 years and has around 60 members of staff.
Donald, one of Vladimir employees, committed the act of 'skimming".
What did Donald do?
- A. Donald stole IT equipment from the shop.
- B. Donald borrowed the Screenhax repair van and used it for his own personal commitments without the consent from Vladimir.
- C. Donald repaired a customer's broken computer but did not register the job through the computer system.
He then pocketed the cosh. - D. Donald was responsible for paying all employees at Screenhax. He took advantage of this responsibility by creating a fictitious person and directing money to their account.
- E. Donald's wife had a problem with her computer, so he stole one of the shop's refurbished computers and gave it to her to use.
Answer: C
NEW QUESTION # 144
Company T operates a highly automated manufacturing system. It is computer controlled to promote efficiency and effectiveness and is capable of producing a large number of parts in a flexible manner.
The main advantage this brings to Company T is that dedicated output can be produced quickly in response to customer orders so that the organisation can give very high levels of customer service.
Which system of operational capacity is Company T using?
- A. Flexible Manufacturing System
- B. Computer Aided Design
- C. Computer Aided Manufacturing
- D. Queuing Theory
Answer: A
NEW QUESTION # 145
Which of the following statements regarding shamrock organisations are true?
1:Shamrock organisations typically comprise four discrete components.
2:The core group of executives are often supported by external contractors and part- time staff.
3:One of the main characteristics of a shamrock organisation is its flexibility.
- A. 0
- B. 1
- C. 1 + 2 + 3
- D. 2
- E. 1 + 3
- F. 2 + 3
- G. 1 + 2
Answer: F
NEW QUESTION # 146
Which of the following effects on tax is a benefit of the implementation of Corporate Social Responsibility (CSR) strategies?
- A. Reduction in environmental taxes
- B. Reduction in value added tax
- C. Reduction in income tax
- D. Reduction in corporation tax
Answer: A
NEW QUESTION # 147
Organisation Z distributes beauty products to retailers and salons. As part of the operations management function, demand is forecasted from historical sales records. The marketing department, on the other hand, has predicted temporary higher levels of demand due to a recent popular advertising campaign.
Which capacity planning technique is appropriate?
- A. Optimised production technology
- B. Chase capacity planning
- C. Level capacity planning
- D. Demand capacity planning
Answer: B
NEW QUESTION # 148
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CIMA E1 (Managing Finance in a Digital World) Certification Exam is a globally recognized qualification that focuses on the critical role of digital technology in finance management. E1 exam is designed to equip finance professionals with the skills and knowledge needed to navigate the rapidly evolving digital landscape in finance and accounting. The CIMA E1 exam covers a wide range of topics, including financial strategy, data analytics, digital ethics, and cybersecurity, among others.
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