Free E1 Managing Finance in a Digital World Exam CIMAPRA19-E01-1 Exam Practice Test

Which TWO of the following are examples of a knowledge work system?

• Computer Aided Design (CAD)
• Transaction Processing System (TPS)
• Computer Aided Manufacturing (CAM)
• Materials Resource Planning (MRP)

Which of the following is a potential advantage of outsourcing?

• Finality of decision
• Reduced capital expenditure
• Reduced transaction costs
• Reduced core competencies

Which of the following are the tasks associated with the effective management of the treasury function?Select ALL that apply.

• Legally avoid paying as much tax as possible
• Minimise foreign exchange losses
• Effectively manage the cash position
• Effectively manage the trading position
• Ensure compliance with statutory reporting
• Ensure effective product pricing

Which of the following is NOT an element of the system development life cycle?

• Review
• Planning
• Analysis
• Implementation

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?

• Placing an empty guitar rack outside his shop with a sign saying, "Free air guitar - one per person."
• Encouraging customers to try one of the store's brand new guitars.
• Launching a social media campaign called #GetDownTo]ones's
• Encouraging all his staff to try to build a rapport with the customers.
• Spending a lot of money on decorating the shop and playing the most famous guitar-based songs.

A few years have passed since tech company NVision launched their new games console, Superbox. The product was once a star, with high, rising sales, but it is now selling quite poorly. In fact, it's selling so poorly thatNVision are no longer making a return on the product.Which of the following strategies would be the BEST for NVision to implement?

• Pull out of the market or, if possible, sell the rights of Superbox to an individual or company who is willing to carry it on.
• Keep costs low and continue to sell the console.
• Develop the product for a specific market segment who continue to have a need for it - this willallow NVision to sell the product at a higher price.
• Allow the product to follow its natural life-cycle.

Simone is a management accountant at a jewellers called ShinyShiny. She is currently conducting operational reporting for them.Which of the following will Simone not discover during her operational reporting? Select ALL that apply.

• That ShinyShiny isn't able to pay back its loans.
• That ShinyShiny's processes need to be improved.
• That the level of sales in one shop are higher than another.
• That the gold bangles sell better than the silver bangles.
• That more men than women seem to be buying their products.

XY Company operates a flexible manufacturing system, manufacturing a single standard product. What is the disadvantage of this system if the organisation expands its product range?

• The cost of enhanced flexibility
• The ability to change between jobs
• Fast response times
• Small batches can be accommodated

There are four approaches to system changeover, each of which varies in terms of risk, cost and time. When there is a need to minimise costs and time the most suitable approach would be:

• Direct changeover
• Parallel running
• Phased changeover
• Pilot operation

Which of the following is NOT a component of the working capital cycle?

• The average time that raw materials remain in inventory
• The time taken to produce the goods
• The time taken by customers to pay for the goods
• The time taken by the bank to approve lending