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Pass the CIMA Operational E1 Questions and answers with ExamsMirror

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Viewing questions 41-50 out of questions
Questions # 41:

XYZ company is a large public limited company, registered in the UK and required to be externally audited Who is responsible for appointing the external auditors?

Options:

A.

Executive directors

B.

Non-executive directors

C.

Shareholders

D.

Board of directors

Questions # 42:

The board of company B, a small company, is meeting to discuss the financial year end accounts following the first year of a consolidation of operations.

Of the results provided, select whether each set of information should be reported externally or internally.

Question # 42

Options:

Questions # 43:

There are four types of quality cost - prevention, appraisal, internal and external failure. Which of the following provides the best description for an external failure cost?

Options:

A.

The cost to repair a machine that has broken down

B.

The cost of training staff

C.

The cost of inspecting finished goods

D.

The cost of repairing products returned by customers

Questions # 44:

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?

Options:

A.

Producing a bar chart of incidences.

B.

Interviewing a sample of employees.

C.

Calculating a financial cost

D.

Collecting data of complaints

Questions # 45:

Cloud computing is a growing IT strategy In which THREE of the following situations would this be a sensible IT strategy?

Options:

A.

Unreliable internet access

B.

High impact if data is lost

C.

Need to reduce up front costs

D.

High in-house IT skills

E.

Frequent software changes

F.

Bespoke software

Questions # 46:

Which of the following are associated with the mission of an organisation?

 

Select  ALL that apply.

Options:

A.

Purpose of the organisation

B.

Strategy of the organisation

C.

Culture of the organisation

D.

Product marketing strategy of the organisation

E.

Service level of the organisation

F.

Staff perception of the organisation

Questions # 47:

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?

Options:

A.

Breach of employment contract

B.

Misunderstanding of the job description

C.

Breach of psychological contract

D.

Recruitment into the wrong role

Questions # 48:

Which of the following does NOT help to bring about operational improvement in the manufacturing process of an organisation?

Options:

A.

Kaizen

B.

Six Sigma

C.

Just-in-Time

D.

Market research

Questions # 49:

Which of the following is an example of a formal relationship in which two organisations legally contract to co-operate in defined ways to achieve specific commercial objectives?

Options:

A.

Outsourcing

B.

Strategic Alliance

C.

Shared Service Centre

D.

Merger

Questions # 50:

The Finance Manager of HLL Company, a large energy provider, has organised a finance function staff meeting to discuss the potential use of big data systems.

The main point on the meeting agenda is whether the business has the available resources to store and manage the data that will be available and whether it has the financial resources to upgrade the information technology systems.

Which of the following features of big data will these discussions most likely involve?

Options:

A.

Volume

B.

Variety

C.

Veracity

D.

Velocity

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