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Managing Finance in a Digital World

Last Update 12 hours ago Total Questions : 336

The Managing Finance in a Digital World content is now fully updated, with all current exam questions added 12 hours ago. Deciding to include E1 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our E1 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these E1 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Managing Finance in a Digital World practice test comfortably within the allotted time.

Question # 11

Workforce flexibility takes a number of different forms. Which of the following achieves flexibility where employees have the ability to move between tasks as and when required by the organisation?

A.

Shift system flexibility

B.

Numerical flexibility

C.

Functional flexibility

D.

Temporal flexibility

Question # 12

SSS has adopted some outsourcing practices in order to improve efficiency of its operations. One of the managers has been made aware that the supplier is now also working for a competitor. Which TWO of the following should SSS be concerned with regarding the supplier ' s and ompetitor ' s new relationship?

A.

Risk of loss of confidential information

B.

Risk of continuity of supply 

C.

Risk of increased transaction costs

D.

Risk of losing core competence

Question # 13

AB Company is planning to implement a new IT system. The existing system runs all of the financial ledgers and is key to the running of the whole organisation. Which of the following will NOT be a suitable method for the changover of the system?

A.

Phased changeover

B.

Direct changeover

C.

Parallel changeover

D.

Pilot changeover

Question # 14

A high volume operation is likely to be characterised by which of the following?

A.

High capital intensity

B.

High labour pay rates

C.

High labour flexibility

D.

High cost inputs

Question # 15

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.

Make a large donation to the party in power in the hope that they ' ll abandon their plans to impose new regulation.

C.

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.

D.

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.

Question # 16

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.

Business support

B.

Variance reporting

C.

Treasury management

D.

Statutory reporting

Question # 17

Company P has had a recent IS/IT audit and weaknesses were highlighted within the privacy and security section of the report. Which TWO of the following would be classed as general controls of privacy and security?

A.

Hierarchy of access

B.

Time lock-out function

C.

Identification and authorisation checks

D.

Validity checks

E.

Completeness checks

Question # 18

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.

A.

The consequences of the action

B.

The motivation for the action

C.

The key values associated with the action

D.

The legality of the action

E.

The organisational policy 

F.

The government policy

Question # 19

Which THREE of the following suggest an independent approach to organisational purchasing according to Reck and Long?

A.

Growing awareness of the financial importance of purchasing.

B.

Skills in negotiating the best price with suppliers.

C.

A move away from reactive to more professional approaches.

D.

Involvement in strategic planning.

E.

Treating suppliers as partners.

F.

Efficient responses to requests for supplies from departments.

Question # 20

A main stakeholder of the finance function would typically provide feedback on the clarity and value of information used: in order to make better strategic decisions.

Which of the following would give this feedback?

A.

Human Resources

B.

Production

C.

Shareholders

D.

Directors

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