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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. Company V is, and has always been, very focused on the importance of stakeholders to the business.
As a well known and very popular private fee-paying school, Company V has to take on board advice, feedback, complaints and queries from a great many different stakeholders, all of which have to be prioritised according to their impact and power over the operations of the company.
Listed below are some of the stakeholders that Company V deal with on a daily basis. Categorise each of these stakeholders according to whether they are internal, connected or external stakeholders.

2. Kolb's learning cycle suggests that learning is a series of steps based on learning from experience.
Match the various stages of the cycle with the correct description.

3. Which THREE of the following features are likely to indicate that an organisation is following the marketing concept as a business philosophy?

A) Imaginative promotional campaigns
B) Competitive pricing policies
C) Market research
D) Production cost controls and regular process reviews
E) Customer satisfaction surveys
F) Marketing as a management process

4. Which THREE of the following features are associated with a delegated sourcing strategy as part of an organisation's supply network?

A) An emphasis on low costs and just-in-time delivery
B) Coordination and liaison with suppliers by the organisation's purchasing department
C) A single supplier
D) The burden of coordination and liaison with suppliers removed from the organisation
E) Annual formal tendering processes for potential suppliers to undertake
F) Goods provided by second tier suppliers

5. Accountants and finance professionals in the future will see the basic routine transactional work reduce with a shift to higher level skills Which of the following best describes business acumen?

A) An ability to understand and respond to a wide range of aspects relevant to a business situation
B) An ability to add value through analysing data and provide insight that will help the business.
C) An ability to understand and be sceptical about the information provided to the business
D) An ability to effectively communicate, showing empathy and understanding of individuals in the business

Solutions: