Best Preparations of E1 Exam 2021 CIMA Certification Unlimited 297 Questions
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NEW QUESTION 95
Which of the following organisations would best describe a 'professional bureaucracy'?
- A. A newsagent
- B. A manufacturing company
- C. A hospital
- D. A project based company
Answer: C
NEW QUESTION 96
You need to select potential candidates for the role of an office manager in a very busy office. An assessment centre has been organised to overcome the shortcomings associated with other selection techniques. Which of the following activities would be most suitable to assess candidates for the role of Office Manager?
- A. In-tray exercises
- B. A speech
- C. A presentation
- D. Self-appraisal
Answer: A
NEW QUESTION 97
Which of the following is a potential advantage of outsourcing?
- A. Reduced capital expenditure
- B. Reduced transaction costs
- C. Finality of decision
- D. Reduced core competencies
Answer: A
NEW QUESTION 98
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 + 3
- E. 1 + 2
- F. 1 + 3
- G. 2
Answer: D
NEW QUESTION 99
XYT company is planning to update its IT and have asked the finance function to assist by establishing suitable key performance indicators (KP1). Which of the following is an example of a suitable KPI for strategic activities'?
- A. IT function as an 'enabling' factor in the market place
- B. Ticket response rates for IT issues sent to IT support
- C. IT spend per employee
- D. IT utilisation
Answer: B
NEW QUESTION 100
Which of the following are the tasks associated with the effective management of the treasury function?
Select ALL that apply.
- A. Ensure compliance with statutory reporting
- B. Effectively manage the trading position
- C. Legally avoid paying as much tax as possible
- D. Effectively manage the cash position
- E. Minimise foreign exchange losses
- F. Ensure effective product pricing
Answer: C,D,E
NEW QUESTION 101
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. Queuing Theory
- B. Computer Aided Design
- C. Computer Aided Manufacturing
- D. Flexible Manufacturing System
Answer: D
NEW QUESTION 102
H works in the finance function and has been asked by the Finance Manager to draft a report to be part of the annual update to go out to all the employees of the organisation H informs the Finance Manager the intention is to include a whole range of financial information including ratios and comparisons for the previous years in the report Which of the following qualities of good information should H be most concerned with when producing the report?
- A. Relevant
- B. Adaptable
- C. Accurate
- D. Questioning
Answer: C
NEW QUESTION 103
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 104
In order to understand the potential for conflict over the functioning of a finance department, B organisation's new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?
- A. Take minimal effort with these groups
- B. Treat these groups as key players
- C. Keep these groups satisfied
- D. Keep these groups informed
Answer: D
NEW QUESTION 105
Which of the following effects on tax is a benefit of the implementation of Corporate Social Responsibility (CSR) strategies?
- A. Reduction in value added tax
- B. Reduction in environmental taxes
- C. Reduction in income tax
- D. Reduction in corporation tax
Answer: B
NEW QUESTION 106
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 107
Kolb's learning cycle suggests that learning is a series of steps based on learning from experience.
Match the various stages of the cycle with the correct description.
Answer:
Explanation:
NEW QUESTION 108
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 109
Tom owns a guitar shop, called Jones's Guitars. In attempt to drum up business, he's decided to launch a guerilla marketing campaign.
Which of the following is the correct example of Tom using guerilla marketing?
- A. Placing an empty guitar rack outside his shop with a sign saying, "Free air guitar - one per person. "
- B. Spending a lot of money on decorating the shop and playing the most famous guitar- based songs.
- C. Encouraging all his staff to try to build a rapport with the customers.
- D. Launching a social media campaign called #GetDownTo]ones's
- E. Encouraging customers to try one of the store's brand new guitars.
Answer: A
NEW QUESTION 110
Which of the following are the primary objectives of a commercial organisation?
Select ALL that apply.
- A. Ensure going concern status
- B. Ensure compliance with tax legislation
- C. Maximise shareholder wealth
- D. Protect the environment
- E. Maximise trading performance
- F. Ensure continued employment for staff
Answer: A,C,E
NEW QUESTION 111
Which of the following functions is responsible for the preparation of a company's statutory accounts?
- A. Corporate planning
- B. Management accounting
- C. Treasury management
- D. Financial accounting
Answer: D
NEW QUESTION 112
Cyber and physical systems becoming increasingly autonomous is part of which characteristic of the 4th industrial revolution?
- A. Artificial intelligence
- B. Machine-led manufacturing
- C. Employment
- D. Fusion
Answer: D
NEW QUESTION 113
Company P has revised its corporate and marketing objectives following a recent expansion in the primary market within which it operates. The next step is to devise an appropriate marketing strategy.
Company P has conducted primary and secondary market research and this information is in the process of being analysed to establish the needs of the subjects. At which stage of the marketing strategy process is Company P?
- A. Marketing mix
- B. Segmentation
- C. Targeting
- D. Positioning
Answer: B
NEW QUESTION 114
Which of the following is an example of a formal relationship in which two organisations legally contract to co-operate in defined ways to achieve specific commercial objectives?
- A. Shared Service Centre
- B. Outsourcing
- C. Merger
- D. Strategic Alliance
Answer: D
NEW QUESTION 115
The coherent approach for organising, governing, analysing and deploying an organisations' information assets' Which of the following does the above statement describe?
- A. Data Strategy
- B. Data Analysis
- C. Data Manipulation
- D. Data Modelling
Answer: B
NEW QUESTION 116
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