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Managing Finance in a Digital World

Last Update 19 hours ago Total Questions : 336

The Managing Finance in a Digital World content is now fully updated, with all current exam questions added 19 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 # 4

Stephanie has just secured a job as a management accountant for a well-known banking firm. She needs to understand the organisation's financial position.

What should she do first in order to gain this understanding?

A.

Record the organisation's transactions in the books of prime entry.

B.

Inform the tax authorities of the organisation's revenues.

C.

Total all the day books and enter them into ledgers.

D.

Submit the company's accounts to the IFRS.

Question # 5

One of the finance function's main stakeholders provides feedback on customer responses and reviews about the organisation's products and services. Which of the following will provide this feedback?

A.

Sales function

B.

Shareholders

C.

Production function

D.

Human Resources

Question # 6

Which TWO of the following are examples of a knowledge work system?

A.

Computer Aided Design (CAD)

B.

Transaction Processing System (TPS)

C.

Computer Aided Manufacturing (CAM)

D.

Materials Resource Planning (MRP)

Question # 7

H works in the finance function and has been asked by the Finance Manager to draft a report to be part of the annual update to go out to all the employees of the organisation

H informs the Finance Manager the intention is to include a whole range of financial information including ratios and comparisons for the previous years in the report

Which of the following qualities of good information should H be most concerned with when producing the report?

A.

Relevant

B.

Adaptable

C.

Questioning

D.

Accurate

Question # 8

Which of the following organisational approaches is associated with the consistent delivery of a product or service?

A.

ISO 9000

B.

Kaizen

C.

Lean

D.

JIT (just in time)

Question # 9

JKL is an online marketing agency and is currently developing its systems to improve efficiency in storing and retrieving data

P works in the finance function and is currently assisting the development of a technical map of rules and data structures to enable the data to be stored effectively in JKL's new databases.

At what level of the data modelling process is P working on?

A.

Conceptual

B.

Visual

C.

Logical

D.

Physical

Question # 10

Shortly after starting his new role within R, Q begins to suspect that the training opportunities he was offered at interview are unlikely to materialise. Upon discussing his concerns with his manager, Q is made to feel as though his expectations regarding training opportunities were unrealistic as everything included within his employment contract had been honoured. Which of the following applies to the above situation?

A.

Breach of employment contract

B.

Misunderstanding of the job description

C.

Breach of psychological contract

D.

Recruitment into the wrong role

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