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E1 Exam Dumps - CIMA Operational Questions and Answers

Question # 4

A is developing a new mission statement. Which TWO of the following should NOT be included?

Options:

A.

The main business A is concerned with.

B.

The main purpose of A.

C.

A brief summary of A's values and beliefs.

D.

What will be achieved in 20 years' time.

E.

Detailed values such as respect, integrity, diversity, teamwork and innovation.

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Question # 5

A main stakeholder of the finance function would typically provide feedback on the clarity and value of information used: in order to make better strategic decisions.

Which of the following would give this feedback?

Options:

A.

Human Resources

B.

Production

C.

Shareholders

D.

Directors

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Question # 6

AB Company is considering a recruitment campaign to provide extra senior marketing staff for a new product launch. AB produces specialist industrial cleaning products and has a well developed marketing function. Which of the following will be an effective alternative to a recruitment campaign?

Options:

A.

Promotion of existing staff in the department

B.

Secondment of staff from other departments

C.

Use of agency staff

D.

Job rotation within the organisation

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Question # 7

GBX has been receiving adverse customer feedback regarding late deliveries. As a result, it has decided to review its delivery logistics systems and related performance indicators.

The management team are discussing the introduction of a Key Performance Indicator (KPI) which allows a maximum of three hours to deliver a customer order

Which of the following SMART criteria is unlikely to apply to this KPI?

Options:

A.

Relevant

B.

Time-bound

C.

Specific

D.

Measurable

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Question # 8

Which of the following are advantages of a virtual team?  

 

Select ALL that apply.

Options:

A.

The costs of a central office are not needed.

B.

New members can be brought in and out of the team easily.

C.

Members do not feel isolated.

D.

It is easier to establish decision making processes.

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Question # 9

S is employed within the accounting function of a small company. Due to the size of the company, there are not enough resources for separate accounting functions so S is responsible for both management and financial accounting tasks. As the company is so small there is no requirement for audit. However it does make use of the services of an external certified accountant for statutory accounting and taxation services. According to Mintzberg, in which part of the organisation does the external accountant belong?

Options:

A.

Strategic apex

B.

Support staff

C.

Technostructure

D.

Operating core

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Question # 10

JKL is a rapidly growing supermarket chain and is considering merging with a smaller competitor to continue its expansion plans

T works within the finance department and is assisting in the decision making process by preparing summary reports concerning the merger.

What level of decision making is T supporting?

Options:

A.

Tactical

B.

Transactional

C.

Operational

D.

Strategic

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Question # 11

Which of the following is a feature associated with personnel management rather than the more modern concept of  human resource management?

Options:

A.

The line manager's role is seen as transactional

B.

Employees are seen as assets

C.

Employees are motivated by consent

D.

There is an emphasis on facilitation

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Question # 12

Which of the following is the term used to describe the degree to which a task in an organisation is divided into a number of separate activities?

Options:

A.

Span of control

B.

Centralisation

C.

Work specialisation

D.

Formalisation

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Question # 13

N is working on a project management team for the first time and is aware that there are distinct stages that follow on consecutively in the project management process However, N is unsure of the exact order of these stages

Which of the following indicate the project management stages in the correct order?

Options:

A.

Initiation. planning, controlling, executing, review and close

B.

Planning initiation, executing, controlling, review and close

C.

Initiation, planning, executing, controlling, review and close.

D.

Planning, initiation, controlling, executing, review and close

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Exam Code: E1
Exam Name: Managing Finance in a Digital World
Last Update: Feb 5, 2025
Questions: 336
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