Exam-Killer E1 Real Exam Question Answers Updated [Sep 04, 2022]
Easily To Pass New CIMA E1 Dumps with 297 Questions
NEW QUESTION 56
With the use of increasingly sophisticated systems and improved communications, the focus of the accountant's role has changed in recent years to which of the following?
- A. Treasury management
- B. Variance reporting
- C. Statutory reporting
- D. Business support
Answer: D
NEW QUESTION 57
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. Near-shoring
- B. Retained production
- C. Off-shoring
- D. Outsourced production
Answer: A
NEW QUESTION 58
An electrical goods company produces colourful brochures for customers.
Which element of the marketing mix does this represent?
- A. Price
- B. Packaging
- C. Physical evidence
- D. Product
Answer: C
NEW QUESTION 59
Over the past year, JKL Company has found that its two largest competitors have taken some of their market share since opening online stores At the same time JKL has noticed that the capabilities of the new computing equipment that it has recently introduced are much greater than the ones that it had replaced.
JKL has decided to launch its own online store, to compliment its chain of high street stores, m a bid to win back the market share that it has lost Existing staff will be retrained to carry out the online operation.
Which TWO factors, associated with the contextual design of an organisation, are driving this decision?
- A. Specialisation
- B. Culture
- C. Size
- D. Environment
- E. Technology
Answer: B,E
NEW QUESTION 60
Continued improvements in Information Technology have encouraged organisations to use IT increasingly to assist in their development. Which of the following is such an improvement in IT?
- A. Improved decision making processes
- B. Improved communications systems
- C. Increased data storage capacity
- D. Improved operations and manufacturing processes
Answer: C
NEW QUESTION 61
Material requirements planning (MRP I) and manufacturing resource planning (MRP II) are computerised systems used for planning the requirements for raw materials, work-in-progress and finished items and integrating with other production processes. These systems enable strong relationships to be forged with suppliers as orders can be placed with suppliers in good time to fulfill customer requirements and expectations, as well as other processes related to materials planning. Which of the following specifically can MRP I and MRP II NOT assist with?
- A. Equipment utilisation planning
- B. Labour schedule planning
- C. Financial requirements planning
- D. Decision support planning
Answer: D
NEW QUESTION 62
Company T operates a highly automated manufacturing system. It is computer controlled to promote efficiency and effectiveness and is capable of producing a large number of parts in a flexible manner.
The main advantage this brings to Company T is that dedicated output can be produced quickly in response to customer orders so that the organisation can give very high levels of customer service.
Which system of operational capacity is Company T using?
- A. Queuing Theory
- B. Flexible Manufacturing System
- C. Computer Aided Manufacturing
- D. Computer Aided Design
Answer: B
NEW QUESTION 63
Who is responsible for the strategic leadership of the finance team?
- A. Chief Finance Officer
- B. Management Accountant
- C. Chief Executive Officer
- D. Financial Accountant
Answer: A
NEW QUESTION 64
Different types of organisation exist for different purposes. Match the types of organisation to the appropriate purpose.
Answer:
Explanation:
NEW QUESTION 65
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. People
- B. Price
- C. Processes
- D. Physical evidence
- E. Product
- F. Promotion
Answer: A,C,D
NEW QUESTION 66
T is the head of the marketing department in company Z.
There have been several new recruits into the department recently and T is introducing them to the marketing mix.
T explains that the original marketing mix had only 4 Ps. However, this was focused primarily around the manufacturing industry. The mix was later extended to include an extra 3 Ps for use in the service industry. Which THREE of the following are the extra
3 Ps?
- A. People
- B. Price
- C. Processes
- D. Physical evidence
- E. Place
- F. Promotion
Answer: A,C,D
NEW QUESTION 67
Shortly after starting his new role within R, Q begins to suspect that the training opportunities he was offered at interview are unlikely to materialise. Upon discussing his concerns with his manager, Q is made to feel as though his expectations regarding training opportunities were unrealistic as everything included within his employment contract had been honoured. Which of the following applies to the above situation?
- A. Breach of employment contract
- B. Recruitment into the wrong role
- C. Breach of psychological contract
- D. Misunderstanding of the job description
Answer: C
NEW QUESTION 68
Which of the following is a reason why businesses need to prepare statutory reports?
- A. To decide on their foreign exchange hedging policy.
- B. To help compare budget with actual performance.
- C. To inform the investors how profitable the business is.
- D. To ensure they have enough inventory on hand for production.
Answer: C
NEW QUESTION 69
A business is seeking to introduce TQM. It gets some advice from a business consultant on how to ensure it is successful in its implementation. Which of the following are likely to be included in the advice they receive?
Select ALL that apply.
- A. Ensure a clear budget is identified for TQM.
- B. Get your suppliers involved in TQM.
- C. Encourage the sharing of ideas.
- D. Communicate frequently to your business.
- E. Ensure TQM gets strategic focus.
- F. Gain full commitment from your entire management team.
- G. Introduce a TQM department in the organisational structure.
- H. Give a fixed time scale for the TQM project.
- I. Motivate and train your staff to take up the ethos of quality.
Answer: B,C,D,E,F,I
NEW QUESTION 70
There are four stages of development of supply chain management, according to Reck and Long's strategic positioning tool. Which stage of this model does the following description identify?
Emphasis is on better co-ordination between departments and suppliers involving timely communication about changes in price and availability of materials.
- A. The independent stage
- B. The integrative stage
- C. The passive stage
- D. The supportive stage
Answer: D
NEW QUESTION 71
Which TWO of the following are non-incorporated organisations?
- A. The British Red Cross Society, a well known charity
- B. P and Q who share joint responsibility for their business and all its debts
- C. K, who runs a business alone and is entitled to all profits
- D. MN, a family-owned business sharing profits by means of dividends
- E. XY, an organisation whose owners can trade their shares publicly
Answer: B,C
NEW QUESTION 72
Company V has traditionally sold children's toys from retail outlets. It is now exploring online retailing, or e-commerce, to expand its customer base. Which channel of distribution is Company V expanding into?
- A. Level zero channel
- B. Level two channel
- C. Level one channel
- D. Multiple level channel
Answer: A
NEW QUESTION 73
Which of the following best describes a virtual team formed by individuals from different companies to achieve a common aim?
- A. Functional
- B. Matrix-structure organisation
- C. Inter-organisation
- D. Extended supply chain
Answer: C
NEW QUESTION 74
Company Q is a relatively small company but expanding quickly. In this period of rapid growth it feels that now is the time to add a Human Resource presence and support, but does not wish to add a permanent department within the organisational structure. What is the best option for Company Q?
- A. Virtual Human Resource department
- B. Networked Human Resource department
- C. In-house Human Resource department
- D. Project based Human Resource department
Answer: A
NEW QUESTION 75
Company T needs to update its forecast for the remaining 9 months of the financial year to comply with its bank financing convenants. There is a debate between the manufacturing department, which wants to replace some large equipment within the next six months, and the finance function, which wants to ensure that sufficient reserves have built up to fund the purchase outright rather than exploring further financing options. Which conflicting factors are the two departments debating?
Select ALL that apply.
- A. Long term
- B. Short term
- C. Revenue expenditure
- D. Capital expenditure
- E. Independence
Answer: A,B
NEW QUESTION 76
Barry has heard that the government is planning to tighten environmental regulations.
He doesn't like the sound of this, as even though some businesses won't be affected that much, he will have to end up paying a lot more to run his business.
Which of the following options would be most effective in preventing the government from imposing such regulation?
Select ALL that apply.
- A. Try and set up meetings with high-ranking members of the government to persuade them to not impose the new regulation.
- B. Tell a member of the governing party that he has some unscrupulous information about the party that he'll leak to the press if they go ahead with their plans to impose new regulation.
- C. Make a large donation to the party in power in the hope that they'll abandon their plans to impose new regulation.
- D. Make a large donation to the the main opposition party in the hope they'll put pressure on the governing party to not impose the new regulation.
Answer: A,C
NEW QUESTION 77
Which of the following is the component of Hadoop which is responsible for breaking down a task into chunks of work and allocating them?
- A. BigQuery
- B. Data Manipulation Language
- C. MapReduce
- D. Distribute File System
Answer: D
NEW QUESTION 78
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