CIMA E1 Mock

Mass production, assembly lines and electricity are characteristics of which of the following industrial revolutions?

• • 
    First Industrial Revolution

• Second Industrial Revolution

• Third Industrial Revolution

• • 
    Fourth Industrial Revolution

Which of the following best describes experiential marketing?

• A technique to achieve non-commercial goals.

• A technique to emotionally connect a person and a brand.

• A technique to motivate employees.

• A technique to maximise profits.

Which of the following activities enables supply chain management to support lean production?

• Integrating the value chain through supplier partnerships

• Providing a robust quality inspection and correction process

• Sourcing a design-to-order supplier for production

• Introducing a focus on customer requirements

Which of the following is an advancement of the fourth industrial revolution?

• The Internet

• Mass production

• Decentralised consensus

• Mechanisation

Which of the following technologies can use sensors within devices to gather data about product or consumer performance?

• Internet of things

• Cloud Computing

• Blockchain

• Artificial intelligence

Which TWO of the following show how data analytics adds value to the finance function?

• By providing more accurate and timely information to key stakeholders.

• By limiting duplication of data by consolidating data from different systems.

• By improving business performance measurement in combining financial and non-financial data.

• By reducing costs significantly by automating key processes.

• By providing greater flexibility in relation to changes in demand.

FKB is in the process of streamlining all the internal systems linked to the finance function. The goal is to enable compatibility throughout all departments to facilitate efficient operations and reporting capabilities.

Whilst the result is expected to increase utilisation of data, this is proving difficult whilst legacy systems are still in place in some areas.

Which competency area should be utilised to resolve this issue?

• Data strategy and planning

• Data engineering, extraction and mining

• Data modelling, manipulation and analysis

• Data insight and communication

Which of the following demonstrates the finance function using data to develop the customer value proposition?

• The use of data insight for product development decisions to be taken.

• The use of data analytics to provide real-time information for decision making.

• The use of customer journey analytics to reduce bottlenecks.

• The use of predictive analytics to automate the production of forecasts.

Which TWO of the following activities are areas of interface between human resource management and the finance function?

• Goal alignment between employees and the organisation.

• Identification of the human resource management approach.

• Ensuring compliance with relevant regulations and legislation.

• Performance management and appraisal.

• Recruitment of agency employees.

The IT function of KYW is evaluating the choices for a new networked attached storage (NAS) device. The right choice will significantly improve data access for all employees on the system and avoid issues with duplication and the use of outdated files.

How will the finance function assist IT in the decision to purchase and implement this system?

• Identifying the NAS provider

• Measuring KPI's for organisational improvements

• Comparing the investment proposals for purchase

• Increasing profitability through process design