Free E2 Managing Performance Exam CIMAPRA19-E02-1 Exam Practice Test

Many public companies remain committed to the rational approach to strategic decision making believing that the long term advantages outweigh the disadvantages.Which TWO of the following factors are considered to be advantages of the rational approach?

• Less time consuming and less expensive
• Fosters an entrepreneurial spirit
• Aids target setting and controls
• Stakeholder confidence is enhanced

From the following options, choose the appropriate ways of overcoming barriers in the communication process, from the perspective of the sender.Select ALL that apply.

• Ask questions
• Give feedback
• Have a definite, clear objective
• Consider their contribution
• Plan the communication
• Seek feedback

Which of the following is NOT a benefit of a good audit system?

• Provides a form of internal control.
• Provides a basis for improving the finance function's presentation of a company's financial records.
• Provides a basis for improving the finance function's efficiency and effectiveness in the information it presents to management.
• Provides a basis for streamlining the finance function.

The scientific management theory of management suffers from a number of problems. Which THREE of the following apply?

• Because under scientific management employees are trained to do just one part of a job they can become bored, motivation declines and labour turnover increases.
• Managers may find that as the organisation grows in size there are increasing demands on their time and that it is therefore necessary to employ others to undertake supervision of day to day tasks.
• The approach assumes that people are only motivated by money but the evidence is that people are motivated by other things such as job satisfaction and a sense of achievement.
• This appoach depends on employees strong identification with management goals but this can sometimes be difficult to achieve.
• The approach leads to quality problems because the use of monetary incentives can lead employees to rush their work and be less careful in the completion of their tasks.

For complex projects, Gantt charts have limitations. Which THREE of the following apply?

• They do not reveal team problems due to unexpected delays
• They do not help in the coordination of resources and networking requirements
• They do not show the degree of completion for each phase of the project
• They do not provide objective activity times
• They do not allow the calculation of precise completion times

The role of competitor analysis, according to Wilson and Gilligan is threefold. Which of the following does NOT apply?

• To generate insights into competitors' past, present and future strategies.
• To provide in-depth understanding about customer preferences which can aid product development and marketing strategies.
• To help management understand their competitive advantages and disadvantages relative to competitors.
• To give an informed basis for developing future strategies to sustain or establish advantages over competitors.

A mission statement describes the organisation's basic function in society. Which of the following is NOT an element of a mission statement?

• Purpose: describes why the organisation exists.
• Strategy: specifies the business the organisation is in.
• Values and culture: states the beliefs, ethical stance and principles of the organisation.
• Future: such as to be the most innovative organisation in the industry.

A company is currently at the stage of organising the data which is captured within the big data process. What will they need to do next in order to complete all stages?Select ALL that apply.

• The data will need interpreting, so it can be used to answer questions and help illustrate results
• The data will need to be illustrated in a clear and digestible format
• A search system will need to be implemented in order to search across the vast data landscape
• Data must be shared, allowing the relevant people access to the information produced
• The type of data needed will be identified and proxosion made for recording it
• Proxosion needs to be made to retain the vast amounts of information the big data process produces

Michael Porter argued that nations can develop advanced business environments that are conducive to business development and lead to firms from one nation gaining a competitive advantage over firms from other countries. Porter used a diamond shaped diagram as the basis of a framework to illustrate and analyse the determinants that lead to national advantage.Which of the following factors are present within the diamond framework? Select ALL that apply.

• Factor conditions
• Demand conditions
• Firm strategy, structure and rivalry
• Related and supporting industries
• Export opportunities
• Education resources

While initiating a project to relocate to a larger site, a company looked at how the project proposal fits with the current set up of the business. The premises are only 20 miles away and it is feasible that the current staff would travel to the new factory to work.As part of the feasibility considerations, this represents which type of feasibility?

• Technical
• Social
• Environmental
• Economic