E1 Practice Exam Questions and Answers

Bright Idea Co. specialises in manufacturing light bulb filaments. It is considering outsourcing some of it activities in order to reduce costs and improve customer service.

Which of the following is an example of asset specificity that is likely to be an important consideration in their decision?

Which of the following is NOT a feature of a strategic level information system?

Which of the following is an advantage of outsourcing?

Which of the following effects on tax is a benefit of the implementation of Corporate Social Responsibility (CSR) strategies?

YZ Company has grown rapidly and has recently recruited a finance director to set up a more structured finance function. During this process care will be needed to ensure effective lines of communication between different disciplines within the whole function and to recognise the interdependencies.

Which of the following are examples of the interdependence of elements of the finance function?

Select ALL that apply.

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

SSS has adopted some outsourcing practices in order to improve efficiency of its operations. One of the managers has been made aware that the supplier is now also working for a competitor. Which TWO of the following should SSS be concerned with regarding the supplier's and ompetitor's new relationship?

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

Running shoe manufacturer Bo Joggs have a long established method to ensure their product is right first time. The aim is to reduce the amount of quality checking. Internal processes and procedures are closely

monitored so that the running shoes are of the highest standard before going to market.

What are Bo joggs likely to do to ensure this quality is maintained?

Select ALL that apply.

Capturing and utilising big data is now a key element of many organisations' value adding process. Which of the following best describes the attribute of big data velocity*?

An effective induction programme will typically focus on which THREE of the following?

Which of the following is associated with the control aspect of the finance function?

AB Company operates a capital intensive production process and cannot quickly add capacity. Which of the following best describes this production strategy?

The marketing environment includes political, economic, social, technological, ecological and legal factors affecting marketing (PESTEL). Select THREE examples of economic factors.

Which of the following will mean a company has breached a General Data Protection Regulation (GDPR) principle'?

Which of the following is an example of operational information?

Stephanie has just secured a job as a management accountant for a well-known banking firm. She needs to understand the organisation's financial position.

What should she do first in order to gain this understanding?

Which of the following sources of data will have limited usefulness to finance professionals?

Finance business partners are seen as leaders that can influence the decisions that businesses make. Which of the following best describes their role in this process?

When involved in business decision making it is important to observe the concept of objectivity. Which THREE of the following are examples of an effective application of this concept?

Company P has revised its corporate and marketing objectives following a recent expansion in the primary market within which it operates. The next step is to devise an appropriate marketing strategy. Company P has conducted primary and secondary market research and this information is in the process of being analysed to establish the needs of the subjects. At which stage of the marketing strategy process is Company P?

A manufacturing company had major issues with quality standards and as a result received a number of complaints from its customers.

Due to this the company's senior management has considered some new objectives for the business.

Which of the following comply with all requirements of a SMART objective and will help to overcome this issue?

Select ALL that apply.

Company E operates a management consultancy business with four international offices. All offices specialise in helping new businesses, with all support operations dealt with by headquarters.Which of the organisational structures below would best describe Company

E.  

Which of the following best describes a digital mindset?

A management accountant vacancy has arisen in the Finance Department of HJ Company. The Finance Manager is preparing the necessary paperwork for the recruitment process and is currently working on the person specification. He has contacted the company's Human Resource Department to ask for advice on which THREE of the following he should include in the person specification:

Inventory control, which maintains a low level of inventory, is important to ensure which of the following?

N is working on a project management team for the first time and is aware that there are distinct stages that follow on consecutively in the project management process However, N is unsure of the exact order of these stages

Which of the following indicate the project management stages in the correct order?

The development of a Corporate Digital Responsibility (CDR) strategy is increasingly common in modern business and will include 5 key areas including customer expectation

Which of the following best describes customer expectation in this context?

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

Corporate governance in the UK, that provides guidance regarding areas such as directors, internal controls and remuneration, is largely defined by which of the following?

B is a small company that offers translation services into another language. There are very few employees and a network of translators is kept on a database Customers ask for work to be carried out through a website and B finds a suitable translator, taking a fee from the overall charge. The website is maintained by a third party

What type of organisation is this?

At his recent appraisal CD discussed his development needs with PQ, his line manager.  In particular CD has said that he would like the opportunity to take on more responsibility.  Which of the following job design techniques could PQ use to support CD's development?.

Unclear cost and profit responsibilities can be a feature of which type of organisational structure?

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

Which of the following is the component of Hadoop which is responsible for breaking down a task into chunks of work and allocating them?

An entity has several subsidiaries including F, which has an urgent staffing issue. The Financial Controller of F is due to start her maternity leave in 3 weeks time and there is currently a recruitment freeze in place to curtail employment costs. Human Resources needs to resolve the issue of covering the Financial Controller's position on a temporary basis. Which TWO of the options below will be suitable in these circumstances?

Cloud computing is a growing IT strategy In which THREE of the following situations would this be a sensible IT strategy?

Cyber and physical systems becoming increasingly autonomous is part of which characteristic of the 4th industrial revolution?

M works in the finance function of S Company, a logistics and distnbution organisation

M has been asked to assist in narrating how the company has performed by collating the regular six monthly review for distribution to shareholders

Which of the following finance function activities best describes the activities M is likely be involved in?

Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?

Company Q has several layers of management. The Chief Executive Officer (CEO) wishes to remove some of these layers to streamline the organisation and increase efficiencies. The initial plan is for third party contractors to take over support activities. What change in the organisation is the CEO making?

T Company has recently appointed J as Chief Data Officer

One of the responsibilities of the appointment is to ensure compliance with the General Data Protection Regulations (GDPR) in force in the jurisdiction

J's first action was to carry out an internal audit of GDPR compliance

Which THREE of the following audit findings are indicators that T Company is compliant with GDPR''

There are several inter-related activities thought critical in implementing internal marketing.  Which THREE are valid?

A boiler repair business uses an expert system in the form of a fault diagnostic system. What benefits does this give to the business?

Select ALL that apply.