CIMA E1 Managing Finance in a Digital World CIMAPRA19-E01-1 Exam Practice Test

Organisation X is 6 months into an overhaul initssupply chain management and production process.

The organisation aims to prevent errors before they occur, demands participation by all, including customers and suppliers, and the structure is driven by the entireBoard ofDirectors. Which method of management has Organisation X adopted?

N works in the Finance Department of a frozen food distribution company. His role includes analysing how long it takes forcustomersto settletheir accounts and, in turn, when the company's payables arecleared.

Which of the following is described above?

AB Company iscurrently the sole supplier of raw material to XY Company and has recently increased its prices. This has been highlighted by a raw material price variance in the management reports of XY Company, and in order to correct this the Finance Director has recommended that an alternative cheaper supplier be found as soon as possible. The Purchasing Department has indicated that only AB is able to supply all of the company's requirements and hasbeen doing so reliably to a high quality on a just-in-time (JIT) basis for many years. Finding an alternative will involve purchasing from several unknown suppliers. Which of the following are possible consequences of this decision?

Select ALL that apply.

Which TWO of the following areactivities associated with setting up a new IT system?

Which of the following organisational approaches is associated with the consistent delivery of a product or service?

Which of the following is a feature of an organisation that has adopted a sales orientation?

Which of the following best describes the 'passive stage' of purchasing?