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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 # 81

The use of big data and smart technology by the sales and marketing function of an organisation is most likely to be associated with which of the following?

A.

Service improvements

B.

Alleviating bottle necks

C.

Supply chain collaboration

D.

Social media trends

Question # 82

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.

Revenue expenditure

B.

Short term

C.

Capital expenditure

D.

Long term

E.

Independence

Question # 83

Which of the following functions is responsible for the preparation of a company ' s statutory accounts?

A.

Financial accounting

B.

Management accounting

C.

Treasury management

D.

Corporate planning

Question # 84

Which one of the following structures primarily suits a nationwide business with three product lines; for example, soup, condiments and baby food?

A.

Functional

B.

Divisional

C.

Matrix

D.

Geographical

Question # 85

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.

Six Sigma

C.

Quality Circles

D.

Kaizen

Question # 86

E ' s manager is concerned about bullying in the organisation and has asked E to report on the situation.

As a result, E has carried out the following work;

• Collected data of the numbers of complaints made

• Produced a bar chart based on incidences in different departments

• Interviewed a sample of employees

• Calculated the cost of employees being away from work sick due to bullying

Which of the pieces of work that E has carried out is qualitative analysis?

A.

Producing a bar chart of incidences.

B.

Interviewing a sample of employees.

C.

Calculating a financial cost

D.

Collecting data of complaints

Question # 87

An individual works for Organisation A. They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.

An individual works for Organisation B. They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.

An individual works for Organisation C. They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.

For each of the organisations above, match them with the relevant sector below.

Question # 88

Place ' Management accountant ' or ' Financial accounant ' next to each of the following statements according to which applies.

Question # 89

There are various roles within the finance and accounting function. A trainee accountant first joining the profession can take some time learning the different aspects of each before making a decision on specialising in any particular direction.

Below are different components of the finance function. Match these with the examples of responsibilities listed.

Question # 90

The psychological contract is by nature:

A.

unwritten and not legally binding.

B.

legally enforceable due to custom and practice.

C.

written as part of a worker ' s terms and conditions.

D.

renegotiated annually between management and unions.

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