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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. Company T operates a highly automated manufacturing system. It is computer controlled to promote efficiency and effectiveness and is capable of producing a large number of parts in a flexible manner.
The main advantage this brings to Company T is that dedicated output can be produced quickly in response to customer orders so that the organisation can give very high levels of customer service.
Which system of operational capacity is Company T using?

A) Queuing Theory
B) Computer Aided Manufacturing
C) Computer Aided Design
D) Flexible Manufacturing System

2. Which of the following is the main reason for the growing demand for Big Data by organisations?

A) Improving privacy and security
B) Gaining a competitive advantage
C) Improving supplier relationships
D) Allowing remote working

3. 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?

A) Shared Service Centre
B) Outsourcing
C) Merger
D) Strategic Alliance

4. Simone is a management accountant at a jewellers called ShinyShiny. She is currently conducting operational reporting for them.
Which of the following will Simone not discover during her operational reporting?
Select ALL that apply.

A) That the gold bangles sell better than the silver bangles.
B) That ShinyShiny's processes need to be improved.
C) That more men than women seem to be buying their products.
D) That the level of sales in one shop are higher than another.
E) That ShinyShiny isn't able to pay back its loans.

5. Organisation X is 6 months into an overhaul in its supply chain management and production process.
The organisation aims to prevent errors before they occur, demands participation by all, including customers and suppliers, and the structure is driven by the entire Board of Directors. Which method of management has Organisation X adopted?

A) Total Quality Management
B) Kaizen
C) Six Sigma
D) Quality Circles

Solutions: