Latest [Aug 12, 2021] CIMA E1 Exam Practice Test To Gain Brilliante Result
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NEW QUESTION 41
Which of the following is one of the five key areas of an effective approach to corporate digital responsibility (CDS)?
- A. Digital mindset
- B. Digital stewardship
D Digital sustainability - C. Digital protection
Answer: B
NEW QUESTION 42
Velocity is one of the defining characteristics of Big Dat
a. Which of the following most accurately defines what this means?
- A. The validity of data
- B. The speed of data creation
- C. The volume of the data
- D. The different formats of data
Answer: B
NEW QUESTION 43
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. Variety
- B. Volume
- C. Variation
- D. Velocity
Answer: C
NEW QUESTION 44
AB Company has recently produced a very successful brand of washing powder which has achieved high market growth and a high market share. According to the Boston Consulting Group (BCG) matrix what is the product's next stage of development?
- A. Dog
- B. Cash cow
- C. Star
- D. Question mark
Answer: B
NEW QUESTION 45
Which area of a Finance Manager's job role do the following tasks fit into?
Place the appropriate role against the task.
Answer:
Explanation:
NEW QUESTION 46
Company Y is looking into relocating its production from Country P to neighbouring Country O.
After researching the cost of production, this move gives the benefit of reduced material and labour costs which more than off-set the costs of transferring the finished goods back into Country P for sale. The decision to relocate the production is classified as which of the following options?
- A. Off-shoring
- B. Retained production
- C. Outsourced production
- D. Near-shoring
Answer: D
NEW QUESTION 47
Workforce flexibility takes a number of different forms. Which of the following achieves flexibility where employees have the ability to move between tasks as and when required by the organisation?
- A. Numerical flexibility
- B. Temporal flexibility
- C. Shift system flexibility
- D. Functional flexibility
Answer: D
NEW QUESTION 48
Which of the following is an example of operational information?
- A. Sales analysis
- B. Payroll details
- C. Productivity measures
- D. Inventory values
Answer: B
NEW QUESTION 49
The growth and success of virtual teams have been a result of which THREE developments becoming available to organisations?
- A. Remote on-line meetings
- B. Efficient broadband connections
- C. Electronic information sharing
- D. Safe transfer of funds electronically
- E. Accurate systems of inventory management
- F. Computer-aided design processes
Answer: A,B,C
NEW QUESTION 50
Which TWO of the following are activities associated with setting up a new IT system?
- A. Database management
- B. Service support
- C. Design and development
- D. Testing
Answer: C,D
NEW QUESTION 51
Company P is a recruitment agency specialising in placing accountancy and legal personnel in employment. A large part of the role of the agency is to meet the prospective individuals in order to ensure they are placed in the most appropriate roles.
Which THREE elements of the marketing mix relate specifically to the type of business described, to a greater extent than would apply to a manufacturing company?
- A. Product
- B. Price
- C. Promotion
- D. Physical evidence
- E. People
- F. Processes
Answer: D,E,F
NEW QUESTION 52
The Finance function of XZY company, which is based in the UK. are planning how they can minimise the corporation tax costs Which of the following is correct?
- A. Tax avoidance is the same as tax mitigation
- B. Tax avoidance operates within the spirit of the law.
- C. Tax avoidance aims to reduce the amount of tax payable and is illegal
- D. Tax avoidance aims to reduce the amount of tax payable and is legal
Answer: D
NEW QUESTION 53
There are various roles within the finance and accounting function. A trainee accountant first joining the profession can take some time learning the different aspects of each before making a decision on specialising in any particular direction.
Below are different components of the finance function. Match these with the examples of responsibilities listed.
Answer:
Explanation:
NEW QUESTION 54
Candidate testing often forms part of the selection process. XYZ is currently looking to recruit a Financial Analyst possessing advanced spreadsheet skills. You have been asked to devise a suitable selection test. Which of the following tests would be the most suitable?
- A. Cognitive test
- B. Specific ability test
- C. Numeracy and literacy test
- D. Personality test
Answer: B
NEW QUESTION 55
When considering companies which focus on more than just commercial issues, which TWO of the following would be associated as a key element of a corporate social responsibility (CSR) strategy?
- A. Share price
- B. Profitability
- C. Community
- D. Sales volume
- E. Ethical
Answer: C,E
NEW QUESTION 56
A company offers life coaching and self-improvement training. As part of its promotion strategy, the company sends out free, heavily branded, daily motivational emails to all of its subscribers. It actively encourages its subscribers to forward its emails on to other contacts, provided the emails are not changed in any way. Which of the following marketing strategies is described above?
- A. Experiential marketing
- B. Viral marketing
- C. E-marketing
- D. Guerilla marketing
Answer: B
NEW QUESTION 57
Which THREE of the following are characteristics of undifferentiated marketing?
- A. Aiming to attract as many customers as possible to buy the product
- B. Having little concern for segmentation
- C. Producing several products each aimed at different segments
- D. Delivering a single product to the entire market
- E. Specialising in one or two identified markets
- F. Selecting the most lucrative markets
Answer: A,B,D
NEW QUESTION 58
The Statement of Financial Position is NOT normally used to make decisions concerning which of the following?
- A. Reserves
- B. Material purchases
- C. Trade payables
- D. Buildings
Answer: B
NEW QUESTION 59
Which of the following is NOT a key feature of total quality management (TQM)?
- A. All value chain participants are involved
- B. Management is committed to improvement
- C. Costs for failure are reduced
- D. A staff appraisal system is used
Answer: D
NEW QUESTION 60
Which of the following is a benefit to the employer of remote working?
- A. Increased employee motivation
- B. Privacy to the individual
- C. Reduced cost of commuting
- D. Ease of balancing work/life commitments
Answer: A
NEW QUESTION 61
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