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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. N is working on a project management team for the first time and is aware that there are distinct stages that follow on consecutively in the project management process However, N is unsure of the exact order of these stages Which of the following indicate the project management stages in the correct order?

A) Planning, initiation, controlling, executing, review and close
B) Planning initiation, executing, controlling, review and close
C) Initiation, planning, executing, controlling, review and close.
D) Initiation. planning, controlling, executing, review and close

2. A cut-flower production business has peaks of demand around special days in the year that celebrate religious festivals. Which of the Four Vs of operations is being described in the above scenario?

A) Variation
B) Volume
C) Variety
D) Velocity

3. 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) Executing strategies set by the CEO
B) Providing preliminary insight
C) Maximising value
D) Generating information

4. 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.

5. 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) 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.
B) 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.
C) Make a large donation to the party in power in the hope that they'll abandon their plans to impose new regulation.
D) Try and set up meetings with high-ranking members of the government to persuade them to not impose the new regulation.

Solutions: