CIMA E1 Test Passed : Managing Finance in a Digital World

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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. 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) Kaizen
C) Quality Circles
D) Six Sigma

2. The Sales Manager has called his usual monthly meeting with his sales team and presented the monthly sales budget broken down into weekly targets for each member of the team. What type of planning is this?

A) Intermittent
B) Strategic
C) Operational
D) Tactical

3. The directors of JES are keen to ensure that expenditure on marketing campaigns is generating additional sales for the company Which of the following KPIs would be appropriate for the directors of JES?

A) Return on marketing spend
B) Conversion rate across mediums
C) Cost per lead generated.
D) Customer retention rates

4. JNN Company, an engineering business, is seeking a bank loan to invest in the product expansion of a new device which dramatically reduces pollution from road vehicles.
Sales have seen a rapid increase and other organisations have also developed similar products.
In order to successfully obtain the loan, the bank requires a report of quantitative information regarding the new device Which of the following is most likely to satisfy the bank's requirements to supply the required loan?

A) A numerical indication of the increase in sales and market share.
B) Employee survey results regarding new training requirements.
C) A chart indicating the rapid sales growth.
D) Customer survey results for the new device.

5. A new Team Leader in Internal Audit has been asking team members about tasks that they do not think are part of their responsibility as they go beyond compliance with legislation. You are preparing a response to this to include an explanation of the requirements of a social audit. Which of the following would you include in your response?
Select ALL that apply.

A) Operation of risk management process(es)
B) Existing and potential management weaknesses and ways to rectify them
C) Adequacy of audit trail
D) Use of sustainable raw materials
E) Observance of equal opportunities beyond that required by legislation
F) Ethical investment decisions

Solutions: