E3 CIMA E3 Strategic Management exact Exam Questions

E3 Strategic Management

Last Update 19 hours ago Total Questions : 280

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Question # 4

Which of the following is NOT a use of the Value Chain?

Give managers a deeper understanding of precisely what their Organization does.

Implement changes to protect key processes.

Identify the key processes within the business that add value to the end customer.

Identify the non-value added processes.

Question # 5

JJJ is a publically quoted advertising agency. JJJ’s competitive advantage is based on the expertise of its staff and its reputation in digital media advertising. JJJ has robust systems to protect its intellectual property. These include patents and copyrights. JJJ has also restricted access for most of its staff to its most sensitive data, such as studies of its customers' profitability.

JJJ's new Managing Director, Z, is concerned that when staff leave JJJ, the company loses whatever tacit knowledge they possess. These losses also impact on JJJ's reported profits. In order to remedy the losses of knowledge and the reduced profits Z wants to introduce a knowledge management strategy.

Which of the following steps support the introduction of a knowledge management strategy? (Choose all that apply.)

Z should set a target for reported profit.

JJJ needs to acquire and install appropriate hardware and software.

JJJ should unfreeze current habits and standard operating procedures.

JJJ should convince staff of the benefits of sharing their tacit knowledge.

Z should gain the support of the Board of Directors.

JJJ should integrate knowledge management and management accounting.

Question # 6

Johnson. Scholes and Whittington described three criteria. 'Suitability, Feasibility and Acceptability' to evaluate potential strategies. Which of the following statements relate to the three criteria? Select ALL that apply.

Concerned with the expected performance outcome.

Concerned with whether the strategy addresses the circumstances in which an organisation is operating.

Concerned with the ability of the business to renew itself.

Concerned with the latest reported results

Concerned with whether the strategy could be made to work in practice.

Question # 7

CIMA has conducted research into the implications of sustainability for business. CIMA's report contained a number of key conclusions. Which of the following statements was NOT a conclusion in CIMA's report?

Strong ethical principles can add great value to a brand.

Reporting on sustainability needs to provide hard evidence of the positive impact on society.

Management Accountants have a responsibility to promote an ethics-based culture.

The ethical tone within a business must come from the bottom.

Question # 8

As a Group Management Accountant you have been asked to explain the different types of change currently taking place within a number of the Group's subsidiaries.

Select the appropriate type of change for each of the descriptions below:

Question # 9

JKL is a bank with a large number of personal customers.

A member of staff has reported their loss of a portable electronic storage device to his line manager.

The portable electronic storage device contains customer account details, including secure information such as personal login details to access personal accounts. JKL has a clear policy that forbids staff from downloading customer data on to portable electronic storage devices.

It would be difficult for a member of the public to access the information on the device.

Which of the following would you advise JKL to do?

Notify all customers of the loss and advise them to monitor their accounts for unusual transactions.

Wait for customers to query unusual transactions and refund any money they have lost.

Let the staff member explain why they downloaded data before deciding on their dismissal.

Retain the staff member and monitor them secretly to establish whether they are engaged in a fraud.