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 is NOT a feature of a strategic level information system?

A. It has high levels of uncertainty and subjectivity.
B. It has a long term focus.
C. It helps middle managers to monitor and control.
D. It handles information which is valid for the whole organisation.

Question 2

C's company wants to increase socially responsible cost effective practices across it's supply chain C who is a member of the finance function has been asked to see how this can be achieved and is going to use the 'information to impact framework* to do this.
Which of the following is the correct order in which the required activities will need to be earned out?

A. Apply. Advise Analyse, Assemble
B. Analyse. Assemble, Advise. Apply
C. Advise. Assemble. Apply. Analyse
D. Assemble, Analyse , Advise. Apply

Question 3

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?

A. Pull out of the market or, if possible, sell the rights of Superbox to an individual or company who is willing to carry it on.
B. Develop the product for a specific market segment who continue to have a need for it - this will allow NVision to sell the product at a higher price.
C. Allow the product to follow its natural life-cycle.
D. Keep costs low and continue to sell the console.

Question 4

For a business to successfully use big data in its organisation, the development of a digital mindset needs to be in-line with which of the following?

A. Data Manipulation
B. Data Scientists
C. Data Strategy
D. Data Visualisation

Question 5

Which of the following is a disadvantage of virtual operations?

A. Reduced investment in assets
B. Flexibility and speed of operations
C. The suppliers/resources may also be available to rival operations
D. Possible linkages in the value chain

Solutions: