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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

Question 1

Cloud computing is a growing IT strategy In which THREE of the following situations would this be a sensible IT strategy?

A. Unreliable internet access
B. High impact if data is lost
C. Bespoke software
D. Frequent software changes
E. High in-house IT skills
F. Need to reduce up front costs

Question 2

Company Q is a relatively small company but expanding quickly. In this period of rapid growth it feels that now is the time to add a Human Resource presence and support, but does not wish to add a permanent department within the organisational structure. What is the best option for Company Q?

A. Virtual Human Resource department
B. Networked Human Resource department
C. In-house Human Resource department
D. Project based Human Resource department

Question 3

YZ Company has grown rapidly and has recently recruited a finance director to set up a more structured finance function. During this process care will be needed to ensure effective lines of communication between different disciplines within the whole function and to recognise the interdependencies.
Which of the following are examples of the interdependence of elements of the finance function?
Select ALL that apply.

A. Budget management
B. Statutory financial reporting
C. Variance analysis reporting
D. Management reporting
E. Taxation management
F. Internal auditing

Question 4

A company is charging a high price for a product to individuals who are prepared to pay a premium for a new, innovative product Whilst doing this they are facing high marketing costs Which stage of the product lifecycle is this product at?

A. Introduction
B. Growth
C. Maturity
D. Shakeout

Question 5

Which of the following is a primary objective of a not-for-profit organisation?

A. Maximise benefit to beneficiaries
B. Maximise owner wealth
C. Effectiveness in achieving objectives
D. Economy - controlling costs

Solutions: