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Free CIMA E1 Practice Exam with Questions & Answers | Set: 3

Questions 21

Place 'Management accountant' or 'Financial accounant' next to each of the following statements according to which applies.

E1 Question 21

Options:
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Questions 22

The Sales Manager has called his usual monthly meeting with his sales team and presented the monthly sales budget broken down into weekly targets for each member of the team. What type of planning is this?

Options:
A.

Tactical

B.

Strategic

C.

Operational

D.

Intermittent

Questions 23

Which of the following best defines Business Process Re-engineering (BPR)?

Options:
A.

BPR involves fundamental changes in the way the organisation operates.

B.

BPR is the continuous examination and improvement of processes.

C.

BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.

D.

The main aim of BPR is to save costs.

Questions 24

DnD1_0151-R2-D: Match each of the ethical principles with the correct brief scenario.

E1 Question 24

Options:
Questions 25

According to Ansoff, which of the following marketing strategies should be adopted when introducing an existing product to a new market?

Options:
A.

Market penetration

B.

Product development

C.

Diversification

D.

Market development

Questions 26

XY Company operates a flexible manufacturing system, manufacturing a single standard product. What is the disadvantage of this system if the organisation expands its product range?

Options:
A.

The cost of enhanced flexibility

B.

The ability to change between jobs

C.

Fast response times

D.

Small batches can be accommodated

Questions 27

Which THREE of the following are characteristics of undifferentiated marketing?

Options:
A.

Having little concern for segmentation

B.

Specialising in one or two identified markets

C.

Delivering a single product to the entire market

D.

Producing several products each aimed at different segments

E.

Aiming to attract as many customers as possible to buy the product

F.

Selecting the most lucrative markets

Questions 28

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

Options:
A.

Market research

B.

Marketing as a management process

C.

Customer satisfaction surveys

D.

Competitive pricing policies

E.

Production cost controls and regular process reviews

F.

Imaginative promotional campaigns

Questions 29

The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?

Options:
A.

Costs of maintaining and reconciling ledgers can be reduced

B.

Transactions are recorded by a sole participant

C.

It will be easy to understand and work with.

D.

Records can be easily changed and amended

Questions 30

Which TWO of the following are important aspects of the product in the marketing mix?

Options:
A.

Brand image

B.

Warranties

C.

Sponsorship

D.

Distribution

E.

Advertising

Exam Code: E1
Certification Provider: CIMA
Exam Name: Managing Finance in a Digital World
Last Update: Jul 10, 2025
Questions: 336

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