CIMA E1 : Managing Finance in a Digital World

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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

Question #1
Which of the following are associated with the mission of an organisation?
Select ALL that apply.

A. Product marketing strategy of the organisation
B. Strategy of the organisation
C. Culture of the organisation
D. Purpose of the organisation
E. Staff perception of the organisation
F. Service level of the organisation

Question #2
From the following, which best defines Business Process Re-engineering (BPR)?

A. The main aim of BPR is to save costs
B. BPR involves fundamental changes in the way the organisation operates.
C. BPR is the continuous examination and improvement of processes.
D. BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.

Question #3
Data warehousing is an essential element of the extraction transformation and loading process.
Which of the following best describes data warehousing?

A. The process of harvesting data from source databases and locations.
B. Storing data in a systematic and logical way ready for further interrogation.
C. Examining the data to understand its content formats and structure
D. Data being processed into the destination database ready for use.

Question #4
Workforce flexibility takes a number of different forms. Which of the following achieves flexibility where employees have the ability to move between tasks as and when required by the organisation?

A. Numerical flexibility
B. Shift system flexibility
C. Functional flexibility
D. Temporal flexibility

Question #5
Which of the following are advantages of outsourcing finance? Select ALL that apply.

A. Level of independence is increased.
B. There is a known fee if agreed in advance.
C. Internal expertise is improved.
D. Increased confidentiality.
E. Increased control.
F. Allows the organisation's management to focus on its core operations and core issues.
G. Can help to keep costs down and improve quality.
H. The external organisation/individual has an increased understanding of the outsourcing business.

Solutions: