The CIMA E1 Questions & Practice Test are Available On-Demand [Q154-Q171]

NEW QUESTION 154
AB Company is currently the sole supplier of raw material to XY Company and has recently increased its prices. This has been highlighted by a raw material price variance in the management reports of XY Company, and in order to correct this the Finance Director has recommended that an alternative cheaper supplier be found as soon as possible. The Purchasing Department has indicated that only AB is able to supply all of the company’s requirements and has been doing so reliably to a high quality on a just-in-time (JIT) basis for many years. Finding an alternative will involve purchasing from several unknown suppliers. Which of the following are possible consequences of this decision?
Select ALL that apply.

NEW QUESTION 155
XY Company operates a flexible manufacturing system, manufacturing a single standard product. What is the disadvantage of this system if the organisation expands its product range?

NEW QUESTION 156
The development of technical maps of rules and data structures would be part of which level of a data modelling process?

NEW QUESTION 157
A management accountant vacancy has arisen in the Finance Department of HJ Company. The Finance Manager is preparing the necessary paperwork for the recruitment process and is currently working on the person specification. He has contacted the company’s Human Resource Department to ask for advice on which THREE of the following he should include in the person specification:

NEW QUESTION 158
Different types of organisation exist for different purposes. Match the types of organisation to the appropriate purpose.

NEW QUESTION 159
Which of the following is NOT a form of viral marketing?

NEW QUESTION 160
Which of the following is one of the five key areas of an effective approach to corporate digital responsibility (CDS)?

NEW QUESTION 161
Which of the following are the primary objectives of a commercial organisation?
Select ALL that apply.

NEW QUESTION 162
Company P has revised its corporate and marketing objectives following a recent expansion in the primary market within which it operates. The next step is to devise an appropriate marketing strategy.
Company P has conducted primary and secondary market research and this information is in the process of being analysed to establish the needs of the subjects. At which stage of the marketing strategy process is Company P?

NEW QUESTION 163
Dismissal is a drastic form of disciplinary action. Which THREE of the following examples would constitute fair dismissal?

NEW QUESTION 164
Place ‘Management accountant’ or ‘Financial accounant’ next to each of the following statements according to which applies.

NEW QUESTION 165
Which of the following gives the correct combination of valid stages in the HR cycle?

NEW QUESTION 166
Which of the following describes a disadvantage of succession planning?

NEW QUESTION 167
Who is responsible for the strategic leadership of the finance team?

NEW QUESTION 168
Human Resource Management (HRM) and Personnel are different.
Which of the following is NOT a characteristic of Human Resource Management (HRM)?

NEW QUESTION 169
There are four approaches to system changeover, each of which varies in terms of risk, cost and time. When there is a need to minimise costs and time the most suitable approach would be:

NEW QUESTION 170
Company T needs to update its forecast for the remaining 9 months of the financial year to comply with its bank financing convenants. There is a debate between the manufacturing department, which wants to replace some large equipment within the next six months, and the finance function, which wants to ensure that sufficient reserves have built up to fund the purchase outright rather than exploring further financing options.
Which conflicting factors are the two departments debating?
Select ALL that apply.

NEW QUESTION 171
A few years have passed since tech company NVision launched their new games console, Superbox. The product was once a star, with high, rising sales, but it is now selling quite poorly. In fact, it’s selling so poorly that NVision are no longer making a return on the product.
Which of the following strategies would be the BEST for NVision to implement?