CIMA CIMAPRA19-E01-1 Exam Practice Test Instant Access

Question 1

Which of the following is a reason why businesses need to prepare statutory reports?

ATo inform the investors how profitable the business is.

BTo help compare budget with actual performance.

CTo decide on their foreign exchange hedging policy.

DTo ensure they have enough inventory on hand for production.

Answer : A

Question 2

WhichTWOof the following relate to corporate social responsibility (CSR) rather than corporate governance?

AAchievment of high levels of degradable packaging

BEliminating discrimination in company advertising

CSafeguarding against decision making being dominated by one person

DIndependently determined remuneration based on clear criteria

EStrong accountability through a board of directors

Answer : A, B

Question 3

A business is seeking to introduce TQM. It gets some advice from a business consultant on how to ensure it is successful in its implementation. Which of the following are likely to be included in the advice they receive?

Select ALL that apply.

AEnsure TQM gets strategic focus.

BGain full commitment from your entire management team.

CMotivate and train your staff to take up the ethos of quality.

DGet your suppliers involved in TQM.

EEncourage the sharing of ideas.

FCommunicate frequently to your business.

GGive a fixed time scale for the TQM project.

HEnsure a clear budget is identified for TQM.

IIntroduce a TQM department in the organisational structure.

Answer : A, B, C, D, E, F

Question 4

Which one ofthe following is NOT part ofthe role of Human Resource Management?

ABeing concerned with operational and strategic people issues.

BRegarding the line manager's roleastransactional with an emphasis on negotiation.

CRecognising employees are motivated by consent and involvement.

DViewing employees as assets of the organisation.

Answer : B

Question 5

AB Company is planning to produce a new productwhich will require an extra shift to be worked in its factory,and needs to know if the sales expected will cover the extra cost of manufacture. Which of the following financial processes will be used to calculate this?

ABreak even analysis

BPricing analysis

CInvestment appraisal

DKey factor analysis

Answer : A

Question 6

Company Qisa relatively small company butexpanding quickly. In this period of rapid growth itfeels that now is the time to add aHuman Resource presence and support, but does notwish to add a permanent department within the organisational structure. What is the best option for Company Q?

AVirtual Human Resource department

BProject based Human Resource department

CNetworked Human Resource department

DIn-house Human Resource department

Answer : A

Question 7

It can be said that ethics is asetof moral principlesunderpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?

Select ALL that apply.

AThe consequences of the action

BThe motivation for the action

CThe key values associated with the action

DThe legality of the action

EThe organisational policy

FThe government policy

Answer : A, B, C

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