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Free CIMA E1 Practice Exam with Questions & Answers | Set: 2

Questions 11

An individual works for Organisation A. They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.

An individual works for Organisation B. They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.

An individual works for Organisation C. They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.

For each of the organisations above, match them with the relevant sector below.

E1 Question 11

Options:
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Questions 12

Which of the following organisations would best describe a 'professional bureaucracy'?

Options:
A.

A hospital

B.

A newsagent

C.

A manufacturing company

D.

A project based company

Questions 13

There are four approaches to system changeover, each of which varies in terms of risk, cost and time. When there is a need to minimise costs and time the most suitable approach would be:

Options:
A.

Direct changeover

B.

Parallel running

C.

Phased changeover

D.

Pilot operation

Questions 14

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

Options:
A.

Persuasive promotional policies

B.

Producing the right product

C.

Selling in the right place

D.

Selling at the right price.

Questions 15

Which of the following functions is responsible for the preparation of a company's statutory accounts?

Options:
A.

Financial accounting

B.

Management accounting

C.

Treasury management

D.

Corporate planning

Questions 16

Which of the following is a possible disadvantage associated with a matrix structure?

Options:
A.

Dilution of functional authority

B.

Flexibility is encouraged

C.

Customer orientation is emphasised

D.

Exchange of opinions is facilitated

Questions 17

Which of the following best describes a digital mindset?

Options:
A.

Understanding the concept of seeing beyond the individual elements of digital change

B.

Thinking shaped by the process of collecting organisation and analysing a large set of data to discover patterns.

C.

Understanding the process of harvesting data from source databases and locations

D.

Interpreting data that is analysed digitally to understand its content, formats, and structure

Questions 18

Which of the following provides the best description of an intranet?

Options:
A.

Employees use networked computers to access information held on a server.

B.

Authorised outsiders use networked computers to access information held on a server.

C.

 A worldwide network of computers.

D.

A collection of data organised to service many applications providing access to a wide variety of users.

Questions 19

TRA is a multinational company which generates large quantities of data across its various operating divisions, from which it produces a range of management reports.

Which technological benefit of artificial intelligence is most likely to be of use to the company?

Options:
A.

Good at teaming and interpreting differences in outcomes

B.

Good at repetitive data entry tasks required

C.

Good at automating complex activities of the company.

D.

Good at consolidating multiple systems in the company

Questions 20

F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formula. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation's behalf. Which of the organisation types listed below best describes the organisation that F works for?

Options:
A.

Sole-trader

B.

Company

C.

Partnership

D.

Multinational