CIMA Managing Finance in a Digital World : E1 valid dumps

E1 real exams

Exam Code: E1

Exam Name: Managing Finance in a Digital World

Updated: Apr 18, 2024

Q & A: 335 Questions and Answers

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CIMA Managing Finance in a Digital World Sample Questions:

1. 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:

A) Pilot operation
B) Phased changeover
C) Direct changeover
D) Parallel running


2. Capturing and utilising big data is now a key element of many organisations' value adding process. Which of the following best describes the attribute of big data velocity*?

A) The capability to validate data to tolerable levels
B) The capability to process internal and external data
C) The capacity to process large quantities of data
D) The capability to swiftly capture and process data in real time


3. An electrical goods company produces colourful brochures for customers.
Which element of the marketing mix does this represent?

A) Price
B) Physical evidence
C) Product
D) Packaging


4. 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) Keep costs low and continue to sell the console.
B) Allow the product to follow its natural life-cycle.
C) 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.
D) 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.


5. Which of the following are advantages of outsourcing finance? Select ALL that apply.

A) Level of independence is increased.
B) Increased control.
C) Increased confidentiality.
D) Internal expertise is improved.
E) The external organisation/individual has an increased understanding of the outsourcing business.
F) Allows the organisation's management to focus on its core operations and core issues.
G) Can help to keep costs down and improve quality.
H) There is a known fee if agreed in advance.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: C
Question # 5
Answer: F,G,H

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