Pass CIMA E1 Exam Quickly With Prep4sureExam [Q141-Q157]

Pass CIMA E1 Exam Quickly With Prep4sureExam

Prepare E1 Question Answers - E1 Exam Dumps

NEW QUESTION 141
Which of the following are benefits of appraisals? Select ALL that apply.

A. Ties in with career planning.
B. Sets targets to help improve employee motivation.
C. Allows manager/employee to exchange feedback.
D. Can reduce the chance of confrontation occurring.
E. Bureaucracy is reduced.
F. The process is usually devoid of bias.
G. Identifies where the employee needs improvement and how to go about it.
H. Rewards performance above and beyond the expected.

Answer: A,B,G,H

Explanation:
E

NEW QUESTION 142
AB Company has recently produced a very successful brand of washing powder which has achieved high market growth and a high market share. According to the Boston Consulting Group (BCG) matrix what is the product's next stage of development?

A. Dog
B. Cash cow
C. Question mark
D. Star

Answer: B

NEW QUESTION 143
When using an integrated reporting approach a supermarket will include which THREE of the following in the organisation's annual financial statements?

A. Statement of remuneration of all employees
B. Statement of risks facing the organisation
C. Statement of the number accidents occurring
D. Statement of financial position
E. Statement of cash flows

Answer: B,D,E

NEW QUESTION 144
A new manufacturing firm has been growing very rapidly. Both its output and hired staff have increased dramatically, and it's looking like the business will have to physically expand sometime in the near future.
The company's managing director decides to outsource the payroll of the business to an external provider.
What are his likely reasons for making this decision?

A. It will improve the accuracy in the payroll.
B. He is finding it difficult to keep on top of all of the support activities he has to provide.
C. Payroll requires an expertise on tax and legislation that he does not have in house.
D. It will allow him to focus on other priorities.
E. He is finding managing the payroll complicated and time consuming.
F. There is more confidentiality when using external providers.
G. Better management information will be supplied.

Answer: B,C,D,E

NEW QUESTION 145
One of the finance function's main stakeholders provides feedback on customer responses and reviews about the organisation's products and services. Which of the following will provide this feedback?

A. Sales function
B. Human Resources
C. Shareholders
D. Production function

Answer: A

NEW QUESTION 146
Company XYZ has just launched an innovative technology device, designed to appeal to those consumers who want to be seen with the latest products. Which of the following pricing strategies would be most suitable at the time of the product's launch?

A. Skim pricing
B. Penetration pricing
C. Cost-plus pricing
D. Captive pricing

Answer: A

NEW QUESTION 147
A boiler repair business uses an expert system in the form of a fault diagnostic system. What benefits does this give to the business?
Select ALL that apply.

A. Faults are diagnosed quicker so customer service is improved.
B. Junior technicians are able to identify faults without a detailed knowledge.
C. The business saves money by needing less senior mechanics and repairing boilers quicker.
D. The system can be used for other purposes such as staff rotas.
E. The system generates customer invoices quickly.
F. The business is less reliant on the senior technician for solving problems.

Answer: A,B,C,F

NEW QUESTION 148
In order to understand the potential for conflict over the functioning of a finance department, B organisation's new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?

A. Keep these groups satisfied
B. Take minimal effort with these groups
C. Keep these groups informed
D. Treat these groups as key players

Answer: C

NEW QUESTION 149
There are various roles within the finance and accounting function. A trainee accountant first joining the profession can take some time learning the different aspects of each before making a decision on specialising in any particular direction.
Below are different components of the finance function. Match these with the examples of responsibilities listed.

Answer:

Explanation:

NEW QUESTION 150
There are many stakeholders who have an interest in an organisation.
Which TWO of the following are connected stakeholders?

A. Employee
B. Trade union
C. Shareholder
D. Customer
E. Government

Answer: C,D

NEW QUESTION 151
SSS has adopted some outsourcing practices in order to improve efficiency of its operations. One of the managers has been made aware that the supplier is now also working for a competitor. Which TWO of the following should SSS be concerned with regarding the supplier's and ompetitor's new relationship?

A. Risk of loss of confidential information
B. Risk of losing core competence
C. Risk of increased transaction costs
D. Risk of continuity of supply

Answer: A,D

NEW QUESTION 152
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

Answer: A

NEW QUESTION 153
Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering In this context strategic partners are

A. Project managers
B. Outsourced partners
C. Finance professionals
D. Senior management

Answer: D

NEW QUESTION 154
When implementing a new IT system and according to the theory of Kotter, Schlesinger and Sache, which of the following is a benefit of using participation as a way of overcoming resistance to change?

A. Compromise will overcome resistance.
B. Understanding the benefits will lead to acceptance.
C. Involving user expertise will encourage commitment.
D. Conflict is dealt with in an orderly fashion.

Answer: C

NEW QUESTION 155
In a new initiative, Company O has been putting a lot of emphasis on internal awareness of Corporate Social Responsibility and creating value for it's stakeholders. A huge part of this has been about focusing on recycling and making departments accountable.
In order to assist with the achievement of goals in this area, a process has been designed to give some structure to measuring value for each department. Each of the process elements are listed below. Place the steps against each of these to indicate the correct sequence.

Answer:

Explanation:

NEW QUESTION 156
When involved in business decision making it is important to observe the concept of objectivity. Which THREE of the following are examples of an effective application of this concept?