E1 CIMA Managing Finance in a Digital World exact Exam Questions

Managing Finance in a Digital World

Last Update 11 hours ago Total Questions : 336

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Question # 51

In a manufacturing company, it is important to maintain the correct levels of inventory, with particular attention to holding and ordering costs. For each of the types of costs listed below, identify whether these are holding costs or ordering costs:

Question # 52

Vladimir is the managing director of a IT repair business called Screenhax. The company has been operating for 10 years and has around 60 members of staff.

Donald, one of Vladimir employees, committed the act of ' skimming " .

What did Donald do?

Donald repaired a customer ' s broken computer but did not register the job through the computer system. He then pocketed the cosh.

Donald was responsible for paying all employees at Screenhax. He took advantage of this responsibility by creating a fictitious person and directing money to their account.

Donald stole IT equipment from the shop.

Donald borrowed the Screenhax repair van and used it for his own personal commitments without the consent from Vladimir.

Donald ' s wife had a problem with her computer, so he stole one of the shop ' s refurbished computers and gave it to her to use.

Question # 53

In which THREE of the following situations is Cloud a sensible IT strategy?

Frequent software changes

High impact if data is lost

Need to reduce up front costs

High in-house IT skills

Bespoke software

Unreliable internet access

Question # 54

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

Question # 55

Which THREE of the following refer to information sourced externally?

Inflation rate

Volume of pales

Production capacity

Taxation policy

Tax deducted

Share price

Question # 56

A manufacturing company had major issues with quality standards and as a result received a number of complaints from its customers.

Due to this the company ' s senior management has considered some new objectives for the business.

Which of the following comply with all requirements of a SMART objective and will help to overcome this issue?

Select ALL that apply.

To reduce the number of complaints due to quality issues by 28% by the end of the year.

To reduce defects from 53 per 1000 to 35 per 10,000 within 10 months.

To reduce the current level of defects from Oper 1,000 to 35 per 1,000 by the end of the month.

To reduce quality issues significantly within eight weeks.

To reduce the number of complaints from 754 to 450 as soon as possible

To increase output from 2,500 units per hour to 3,500 units per hour within a year.

Question # 57

Which of the following is a possible disadvantage associated with a matrix structure?

Dilution of functional authority

Flexibility is encouraged

Customer orientation is emphasised

Exchange of opinions is facilitated

Question # 58

A company sells double glazed windows. It has traditionally adopted a sales orientation and used aggressive direct selling techniques. As part of a new initiative, it is exploring its options to update its business philosophy.

Which of the following would be the most effective orientation for this business?

Production orientation

Product orientation

Marketing orientation

Selling orientation