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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. More and more organisations are developing their supply chain networks by building closer links with suppliers. Which THREE of the following are considered to be features of this trend?

A) Price and inventory co-ordination
B) Supplier representative on site
C) Computer systems linked to customers
D) Early supplier involvement
E) In-house resolution of design problems

2. There are four types of quality cost - prevention, appraisal, internal and external failure. Which of the following provides the best description for an external failure cost?

A) The cost of repairing products returned by customers
B) The cost of inspecting finished goods
C) The cost to repair a machine that has broken down
D) The cost of training staff

3. Which THREE of the following areas would be improved by an organisation using a Customer Relationship Management (CRM) system?

A) Operations
B) Marketing
C) Inventory management
D) Budgeting
E) Sales
F) Customer service

4. Which of the following is an example of sustainability impacting operations management?

A) A company only buys printer paper that has been recycled
B) A company keeps profits within the business for future investment
C) A company sells goods to developing nations
D) A company has a whistle-blowing policy

5. 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) Misunderstanding of the job description
B) Breach of employment contract
C) Breach of psychological contract
D) Recruitment into the wrong role

Solutions: