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Pass the CIMA Operational E1 Questions and answers with ExamsMirror

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Viewing questions 21-30 out of questions
Questions # 21:

Which THREE of the following refer to information sourced externally?

Options:

A.

Inflation rate

B.

Volume of pales

C.

Production capacity

D.

Taxation policy

E.

Tax deducted

F.

Share price

Questions # 22:

Company M has been dealing with Supplier Q for many years. The Procurement Department has a very professional relationship with the supplier and it has recently started using electronic data interchange to place orders directly and on a much more frequent basis to assist production. A large part of the interaction with the supplier is now around price negotiation. According to Reck and Long's strategic positioning tool, which stage is Company M at with Supplier Q?

Options:

A.

Independent stage

B.

Passive stage

C.

Supportive stage

D.

Integrative stage

Questions # 23:

A duplication of support functions would exist under which of the following organisational structures?

Options:

A.

Divisional

B.

Functional

C.

Matrix

D.

Project based

Questions # 24:

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?

Options:

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.

Questions # 25:

Company S is a busy vehicle part manufacturer specialising in commercial vans and lorries. The company takes as many as nine deliveries of raw materials every day and these items are entered into the electronic inventory system upon arrival. When an item of inventory is taken from stores this is also updated electronically. Which inventory control system would be best utilised within Company S?

Options:

A.

Periodic inventory system

B.

First in, first out system

C.

Continual inventory system

D.

ABC inventory system

Questions # 26:

Which of the following functions is associated with the operating core of an organisation?

Options:

A.

Manufacturing and production

B.

Strategy evaluation

C.

Process standardisation

D.

Catering services

Questions # 27:

Company V is, and has always been, very focused on the importance of stakeholders to the business.

As a well known and very popular private fee-paying school, Company V has to take on board advice, feedback, complaints and queries from a great many different stakeholders, all of which have to be prioritised according to their impact and power over the operations of the company.

Listed below are some of the stakeholders that Company V deal with on a daily basis. Categorise each of these stakeholders according to whether they are internal, connected or external stakeholders.

Question # 27

Options:

Questions # 28:

One of the roles of the finance function is to help deploy solutions. Which activity of the "information to impact" framework is this a part of?

Options:

A.

Analyse

B.

Advise

C.

Apply

D.

Achieve

Questions # 29:

Which THREE of the following are characteristics of undifferentiated marketing?

Options:

A.

Having little concern for segmentation

B.

Specialising in one or two identified markets

C.

Delivering a single product to the entire market

D.

Producing several products each aimed at different segments

E.

Aiming to attract as many customers as possible to buy the product

F.

Selecting the most lucrative markets

Questions # 30:

R is a 14 year old girl and has been promised a new computer for her birthday. Her school friends have popular hand-held models which are very intuitive to use with an eye-pleasing interface and design. Her parents want her to have a cumbersome personal computer which has to be situated at home as it will be more secure and easy to upgrade in the future without replacing the whole unit. R would prefer the computer her friends have. Which influence is R demonstrating?

Options:

A.

Socio/cultural influence

B.

Personal influence

C.

Psychological influence

D.

Technical influence

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