[Jul 04, 2024] E1 Test Engine files, E1 Dumps PDF
Latest CIMA E1 PDF and Dumps (2024) Free Exam Questions Answers
One of the key benefits of the CIMA E1 Certification Exam is that it prepares individuals to become strategic thinkers who are capable of managing financial resources effectively. Managing Finance in a Digital World certification program is designed to equip candidates with the skills they need to make informed decisions based on financial data and analysis. It also helps them develop the ability to communicate financial information to stakeholders in a clear and concise manner.
NEW QUESTION # 183
Which of the following is NOT a feature of a strategic level information system?
- A. It helps middle managers to monitor and control.
- B. It has a long term focus.
- C. It has high levels of uncertainty and subjectivity.
- D. It handles information which is valid for the whole organisation.
Answer: A
NEW QUESTION # 184
Kolb's learning cycle suggests that learning is a series of steps based on learning from experience.
Match the various stages of the cycle with the correct description.
Answer:
Explanation:
NEW QUESTION # 185
Which of the following is an example of operational information?
- A. Productivity measures
- B. Sales analysis
- C. Payroll details
- D. Inventory values
Answer: C
NEW QUESTION # 186
The following statements are from which section of the UK Combined Code?
1:The board should disclose a balanced and understandable assessment of the company's position and prospects in the financial reports.
2:The board should maintain an appropriate relationship with the company's external auditor.
- A. Leadership
- B. Remuneration
- C. Shareholder relations
- D. Effectiveness
- E. Accountability
Answer: E
NEW QUESTION # 187
It is important to assess the contribution made by the finance function. If a balanced scorecard approach is used, which of the following categories would utilise the measure of staff turnover?
- A. Enhancement of internal processes
- B. Learning and growth
- C. Financial
- D. Customer satisfaction
Answer: B
NEW QUESTION # 188
Which of the following would be a useful KPI to highlight increasing recruitment costs?
- A. Ratio of employee costs to turnover
- B. Reportable health and safety incidents.
- C. Employee retention rate.
- D. Training spend per employee.
Answer: D
NEW QUESTION # 189
Porter's Value Chain was developed to determine whether a firm's activities contribute towards it's competitive advantage. E is the new Chief Executive of an organisation which manufactures and distributes hand made wooden furniture. His initial observations are that sometimes the workflow through the organisation can be a little disjointed and it is unclear from overall results which areas contribute to profit and quality and which do not. Using Porter's Value Chain model, identify which THREE of the options below are Primary activities.
- A. Human resource management
- B. Procurement
- C. Operations
- D. Technology
- E. Inbound logistics
- F. Marketing and sales
Answer: C,E,F
NEW QUESTION # 190
Place 'Management accountant' or 'Financial accounant' next to each of the following statements according to which applies.
Answer:
Explanation:
NEW QUESTION # 191
Corporate social responsibility (CSR) encompasses four different dimensions.
Match each of the descriptions below with the correct CSR dimension.
Answer:
Explanation:
NEW QUESTION # 192
Which THREE operations management issues are associated with the primary activity of inbound logistics?
- A. Efficiency of facilities, plant and machinery
- B. Production engineering capacity
- C. Efficient distribution of raw materials from warehouses to factory floor
- D. Economic storage of raw materials
- E. Effective systems for inventory record keeping
- F. Effective quality control procedures
Answer: C,D,E
NEW QUESTION # 193
Which of the following effects on tax is a benefit of the implementation of Corporate Social Responsibility (CSR) strategies?
- A. Reduction in environmental taxes
- B. Reduction in income tax
- C. Reduction in value added tax
- D. Reduction in corporation tax
Answer: A
NEW QUESTION # 194
N works in the Finance Department of a frozen food distribution company. His role includes analysing how long it takes for customers to settle their accounts and, in turn, when the company's payables are cleared.
Which of the following is described above?
- A. Cost reporting
- B. Preparation of forecasts
- C. Working capital control
- D. Performance reporting
Answer: C
NEW QUESTION # 195
Different types of organisation exist for different purposes. Match the types of organisation to the appropriate purpose.
Answer:
Explanation:
NEW QUESTION # 196
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. Shareholders
- B. Production function
- C. Sales function
- D. Human Resources
Answer: C
NEW QUESTION # 197
Which TWO of the following statements are NOT aims of a reward system?
- A. To reward poor performance
- B. To ensure consistency and fairness
- C. To encourage excessive risk taking
- D. To control costs
- E. To comply with legislation
Answer: A,C
NEW QUESTION # 198
Company XYZ has just launched an innovative technology device, designed to appeal to those consumers who want to be seen with the latest products. Which of the following pricing strategies would be most suitable at the time of the product's launch?
- A. Skim pricing
- B. Cost-plus pricing
- C. Captive pricing
- D. Penetration pricing
Answer: A
NEW QUESTION # 199
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. Breach of psychological contract
- C. Misunderstanding of the job description
- D. Recruitment into the wrong role
Answer: B
NEW QUESTION # 200
Which THREE of the following refer to information sourced externally?
- A. Taxation policy
- B. Share price
- C. Tax deducted
- D. Production capacity
- E. Inflation rate
- F. Volume of pales
Answer: A,B,E
NEW QUESTION # 201
Which of the following are types of primary research? Select ALL that apply.
- A. Websites
- B. Books
- C. Governments
- D. Observation
- E. Trade associations/professional bodies
- F. Market surveys produced by external researchers
- G. Published company accounts
- H. Censuses
- I. Informal contacts
- J. Industry magazines
- K. Test marketing
- L. Public records
- M. Previously gathered marketing research
- N. National and local press
- O. Questionnaires
- P. Interviews
Answer: D,K,O,P
NEW QUESTION # 202
Which of the following organisational approaches is associated with the consistent delivery of a product or service?
- A. Kaizen
- B. JIT (just in time)
- C. ISO 9000
- D. Lean
Answer: C
NEW QUESTION # 203
Company Y is very bureaucratic. The managers attend high numbers of planning meetings and the employees often complain of being micro-managed. According to Hofstede, which dimension is being described within the culture of Company Y?
- A. Uncertainty avoidance
- B. Masculinity
- C. Power distance
- D. Long-term orientation
Answer: A
NEW QUESTION # 204
Which of the following do working capital reports include?
- A. Cost of sales
- B. Performance reports
- C. Cash reports
- D. Budgets
Answer: C
NEW QUESTION # 205
Which type of organisation is owned by its customers, strictly speaking is a not-for-profit organisation and is in the private sector?
- A. Charity
- B. Mutual organisation
- C. Partnership
- D. Sole trader
Answer: B
NEW QUESTION # 206
When implementing a new IT system and according to the theory of Kotter, Schlesinger and Sache, which of the following is a benefit of using participation as a way of overcoming resistance to change?
- A. Conflict is dealt with in an orderly fashion.
- B. Compromise will overcome resistance.
- C. Involving user expertise will encourage commitment.
- D. Understanding the benefits will lead to acceptance.
Answer: C
NEW QUESTION # 207
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CIMA E1 exam, also known as Managing Finance in a Digital World, is one of the three exams that comprise the CIMA Certificate in Business Accounting. E1 exam focuses on understanding and managing financial information in a digital age. It covers topics such as financial accounting and reporting, budgeting and forecasting, and financial analysis.
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