[2021] E1 All-in-One Exam Guide Practice To your E1 Exam!
Preparations of E1 Exam 2021 CIMA Certification Unlimited 297 Questions
NEW QUESTION 54
Company O has appointed a new CEO who is well known in the industry for making radical changes within the companies that she works for. After her first 9 months in the role, she announced some changes that she wanted to make, starting with the Finance Department. She stressed an intention to focus inwards on improvements to efficiencies and that she was not afraid to make fundamental changes if this is what is required to achieve those improvements. Which of the following is described above?
- A. Relocation of production
- B. Segregation of the finance function
- C. Reconfiguration to market oriented.
- D. Business Process Re-engineering
Answer: D
NEW QUESTION 55
Which THREE of the following suggest an independent approach to organisational purchasing according to Reck and Long?
- A. Involvement in strategic planning.
- B. Treating suppliers as partners.
- C. A move away from reactive to more professional approaches.
- D. Growing awareness of the financial importance of purchasing.
- E. Skills in negotiating the best price with suppliers.
- F. Efficient responses to requests for supplies from departments.
Answer: C,D,E
NEW QUESTION 56
Which of the following is an advantage of outsourcing?
- A. Continuity is guaranteed
- B. Core competence may be strengthened
- C. Data confidentiality is stengthened
- D. Cost savings may be made
Answer: D
NEW QUESTION 57
Which of the following are advantages of a virtual team?
Select ALL that apply.
- A. The costs of a central office are not needed.
- B. New members can be brought in and out of the team easily.
- C. Members do not feel isolated.
- D. It is easier to establish decision making processes.
Answer: A,B
NEW QUESTION 58
Company XYZ has just launched an innovative technology device, designed to appeal to those consumers who want to be seen with the latest products. Which of the following pricing strategies would be most suitable at the time of the product's launch?
- A. Skim pricing
- B. Penetration pricing
- C. Cost-plus pricing
- D. Captive pricing
Answer: A
NEW QUESTION 59
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. Qualitative analysis
- B. Corporate reporting
- C. Sales forecasting
- D. Quantitative analysis
Answer: B
NEW QUESTION 60
Which of the following scenarios is an example of independence within the role of the finance function?
- A. Management accountant prepares variance reports based on comparing actual financial data with budgeted expectations.
- B. Financial accountant includes the corporation tax provision in the statutory accounts as calculated by the treasury department
- C. Management accountant chooses to apply depreciation rates based on known replacement date of assets, rather than following accounting standards.
- D. Financial accountant updates the directors details in the statutory accounts based on the updates provided by the Company Secretary
Answer: A
NEW QUESTION 61
XY Company has just completed a consumer survey which has produced large quantities of data regarding its products. Which of the following is NOT relevant in the processing of this data?
- A. Data is filtered for relevance
- B. Data comparisons are made
- C. Data is disseminated to users
- D. Meanings are attributed to the data
Answer: C
NEW QUESTION 62
XYZ company is a large public limited company, registered in the UK and required to be externally audited Who is responsible for appointing the external auditors?
- A. Non-executive directors
- B. Shareholders
- C. Board of directors
- D. Executive directors
Answer: A
NEW QUESTION 63
Barry has heard that the government is planning to tighten environmental regulations.
He doesn't like the sound of this, as even though some businesses won't be affected that much, he will have to end up paying a lot more to run his business.
Which of the following options would be most effective in preventing the government from imposing such regulation?
Select ALL that apply.
- A. Try and set up meetings with high-ranking members of the government to persuade them to not impose the new regulation.
- B. Make a large donation to the party in power in the hope that they'll abandon their plans to impose new regulation.
- C. Make a large donation to the the main opposition party in the hope they'll put pressure on the governing party to not impose the new regulation.
- D. Tell a member of the governing party that he has some unscrupulous information about the party that he'll leak to the press if they go ahead with their plans to impose new regulation.
Answer: A,B
NEW QUESTION 64
Cardboard box manufacturer Smurfat are giving their new employees an induction into the company's strategy.
They see this as a crucial stage of the induction process and have asked Terrance, the communications director, to take new employees through the strategy.
Which of the following should Terrance communicate to his new employees during their induction?
Select ALL that apply.
- A. Give new employees an idea of the work culture at Smurfat.
- B. Explain what care and support Smurfat offers to new staff.
- C. Talk through the overall structure of the Smurfat.
- D. Make Smurfat's disciplinary rules clear for the new employees.
- E. Explain the goals and motives of the Smurfat.
Answer: A,C,E
NEW QUESTION 65
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 66
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. Physical evidence
- D. People
- E. Processes
- F. Place
Answer: C,D,E
NEW QUESTION 67
Which THREE operations management issues are associated with the primary activity of inbound logistics?
- A. Efficient distribution of raw materials from warehouses to factory floor
- B. Efficiency of facilities, plant and machinery
- C. Production engineering capacity
- D. Effective quality control procedures
- E. Economic storage of raw materials
- F. Effective systems for inventory record keeping
Answer: A,E,F
NEW QUESTION 68
An organisation owned by its customers, generally not-for-profit and in the private sector, is commonly known as which one of the following?
- A. Charity
- B. Sole trader
- C. Mutual organisation
- D. Partnership
Answer: A
NEW QUESTION 69
F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formul a. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation's behalf. Which of the organisation types listed below best describes the organisation that F works for?
- A. Sole-trader
- B. Company
- C. Multinational
- D. Partnership
Answer: D
NEW QUESTION 70
Which of the following provides the best description of an intranet?
- A. Authorised outsiders use networked computers to access information held on a server.
- B. A collection of data organised to service many applications providing access to a wide variety of users.
- C. A worldwide network of computers.
- D. Employees use networked computers to access information held on a server.
Answer: D
NEW QUESTION 71
Which THREE of the following describe the role process maps can play in an organisation?
- A. Acting as a trigger for process redesign and simplification
- B. Providing a plan-do-check-act operating sequence
- C. Providing an overview of product flows across supply chains and networks
- D. Providing an understanding of how particular jobs and functions fit into an entire process
- E. Providing an understanding of how the physical and thinking environment can be improved
- F. Offering a framework to analyse cause and effect in problem solving
Answer: A,C,D
NEW QUESTION 72
When testing an information system before it goes live, using contrived testing will present the system with which type of data and transactions?
- A. Large volumes of data and transactions
- B. Unusual and unexpected data and transactions
- C. Realistic data and transactions
- D. Routine mix of data and transactions
Answer: B
NEW QUESTION 73
Data profiling forms an essential element of the extraction transformation and loading process. Which of the following best describes data profiling?
- A. Storing data in a systematic and logical way ready for further interrogation.
- B. Examining the data to understand its content formats and structure.
- C. The process of harvesting data from source databases and locations
- D. Data being processed into the destination database ready for use
Answer: B
NEW QUESTION 74
Offshoring may be successful when which of the following applies?
- A. There are low transaction volumes
- B. There are high cost transactions
- C. There are high task complexities
- D. There are fewer cultural differences
Answer: D
NEW QUESTION 75
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