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CIMA E1 - Managing Finance in a Digital World

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Total 336 questions

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.

Total Quality Management

B.

Six Sigma

C.

Quality Circles

D.

Kaizen

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.

Outsourcing

B.

Strategic Alliance

C.

Shared Service Centre

D.

Merger

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.

In which THREE of the following situations is Cloud a sensible IT strategy?

A.

Frequent software changes

B.

High impact if data is lost

C.

Need to reduce up front costs

D.

High in-house IT skills

E.

Bespoke software

F.

Unreliable internet access

Which of the following is associated with the control aspect of the finance function?

A.

Amendment of original budgets

B.

Pricing decisions

C.

Investment decisions

D.

Strategy formulation

Which of the following would specifically be an example of the use of the marketing concept by a charity? 

A.

Having pencils made with the name of the charity on them

B.

Selling pencils to make a profit for the charity

C.

Only buying pencils made from sustainable materials

D.

Giving pencils out to children in developing countries

Which of the following is an advantage of a functional organisational structure?

A.

There is a clear career path for employees to work their way up through.

B.

The owner has a greater level of control over the workforce and all decisions.

C.

The structure is easily adapted for further diversification.

D.

It encourages teamwork and the exchange of opinions and expertise.

Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?

A.

Total purchases per year

B.

Total ordering cost per order

C.

Total inventory cost per year

D.

The reorder quantity

General Data Protection Regulation (GDPR) was introduced throughout the EU in 2018. The legislation details several principles about data and the requirement for data controllers.

Which of the following best describes the role of data controllers?

A.

Data controllers must ensure that the system runs effectively

B.

Data controllers must ensure that data is kepi up-to-date

C.

Data controllers must ensure that ethical systems are in place

D.

Data controllers must ensure adequate safeguards and controls

Which of the following are types of connected stakeholders? Select ALL that apply.

A.

Customers

B.

Shareholders

C.

Banks

D.

Suppliers

E.

Managers

F.

Employees

G.

Board members