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

Which of the following is the main reason for the growing demand for Big Data by organisations?

• Gaining a competitive advantage
• Allowing remote working
• Improving supplier relationships
• Improving privacy and security

An entity has several subsidiaries including F, which has an urgent staffing issue. The Financial Controller of F is due to start her maternity leave in 3 weeks time and there is currently a recruitment freeze in place to curtail employment costs. Human Resources needs to resolve the issue of covering the Financial Controller's position on a temporary basis. Which TWO of the options below will be suitable in these circumstances?

• Internal promotion
• Secondment
• Job enlargement
• Job rotation
• Early retirement

Which of the following functions is responsible for the preparation of a company's statutory accounts?

• Financial accounting
• Management accounting
• Treasury management
• Corporate planning

Which of the following is NOT a feature of a knowledge management system specific to a particular organisation?

• The internet
• A local area network
• A wide area network
• The intranet

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?

• Outsourcing
• Strategic Alliance
• Shared Service Centre
• Merger

Organisation Z distributes beauty products to retailers and salons. As part of the operations management function, demand is forecasted from historical sales records. The marketing department, on the other hand, has predicted temporary higher levels of demand due to a recent popular advertising campaign.Which capacity planning technique is appropriate?

• Level capacity planning
• Chase capacity planning
• Demand capacity planning
• Optimised production technology

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?

• Segmentation
• Marketing mix
• Targeting
• Positioning

The growth and success of virtual teams have been a result of which THREE developments becoming available to organisations?

• Computer-aided design processes
• Accurate systems of inventory management
• Safe transfer of funds electronically
• Remote on-line meetings
• Electronic information sharing
• Efficient broadband connections

It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?Select ALL that apply.

• The consequences of the action
• The motivation for the action
• The key values associated with the action
• The legality of the action
• The organisational policy
• The government policy

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

• Amending original budgets
• Setting product prices
• Advising on Investment funding
• Preparing statutory reports