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CIMA E1 Questions Answers

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Question 40

A main stakeholder of the finance function would typically provide feedback on the clarity and value of information used: in order to make better strategic decisions.

Which of the following would give this feedback?

Options:

A.

Human Resources

B.

Production

C.

Shareholders

D.

Directors

Question 41

A is developing a new mission statement. Which TWO of the following should NOT be included?

Options:

A.

The main business A is concerned with.

B.

The main purpose of A.

C.

A brief summary of A's values and beliefs.

D.

What will be achieved in 20 years' time.

E.

Detailed values such as respect, integrity, diversity, teamwork and innovation.

Question 42

Which of the following statements regarding Just-In-Time (JIT) are true?

1:The main aim of JIT it to ensure a business has a sufficient amount of leftover stock, just in case it's needed further down the line.

2:Although the benefits of JIT are many, its use can end up harming supplier relations.

3:JIT generally results in lower costs for the business using it.

Options:

A.

3

B.

1

C.

2

D.

1 + 2

E.

2 + 3

F.

1 + 3

G.

1 + 2 + 3

Question 43

AcrossThePond is a ferry company that has just slashed their prices for trips scheduled to Europe between August and November - they are now almost half as cheap!

Why would AcrossThePond do this?

Select ALL that apply.

Options:

A.

So that they can increase demand to match supply.

B.

So that they can fully utilise their production capacity.

C.

So that they can increase consumer awareness of their summer services.

D.

So that they can can better manage their supply.

E.

To increase their revenues.

Page: 10 / 24
Exam Code: E1
Exam Name: Organisational Management
Last Update: May 2, 2024
Questions: 336
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