Pass the CIMA CIMA Operational E1 Questions and answers with CertsForce

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Questions # 21:

Data science is increasingly important in the production of business focused data It consists mainly of experts with backgrounds in mathematics, programming and computer science

Which of the following best describes the attributes of a data scientist?

Options:

A.

Individuals who act as an interface between the business functions and data specialists


B.

individuals with the ability to extract meaning from and interpret data from statistics and machine learning.


C.

Individuals who flag inefficiencies in the system and potentially suggest improvements and test solutions.


D.

Individuals who can affect or be affected by the organisations actions


Expert Solution
Questions # 22:

A decision has been made to close down a branch of a restaurant.

Which of the following is quantitative information produced by the finance function that will have supported this decision being made?

Options:

A.

A map showing the locations of the suppliers.


B.

A listing showing the number of employees who will lose their jobs.


C.

A graph showing declining profitability of the branch.


D.

A costing of the total redundancy payments that will need to be made.


Expert Solution
Questions # 23:

Workforce flexibility takes a number of different forms. Which of the following achieves flexibility where employees have the ability to move between tasks as and when required by the organisation?

Options:

A.

Shift system flexibility


B.

Numerical flexibility


C.

Functional flexibility


D.

Temporal flexibility


Expert Solution
Questions # 24:

Which of the following is NOT a component of the working capital cycle?

Options:

A.

The average time that raw materials remain in inventory


B.

The time taken to produce the goods


C.

The time taken by customers to pay for the goods


D.

The time taken by the bank to approve lending


Expert Solution
Questions # 25:

The coherent approach for organising, governing, analysing and deploying an organisations' information assets' Which of the following does the above statement describe?

Options:

A.

Data Manipulation


B.

Data Strategy


C.

Data Modelling


D.

Data Analysis


Expert Solution
Questions # 26:

Karl runs a factory. He wants his employs to feel that their role in the company has meaning.

Which of the following would help to make his employees feel this way?

Options:

A.

Ensure that all employees have a variety of jobs to do.


B.

Ensure each task has a clear identity, with it being made clear how that task fits into the overall operation.


C.

Ensure each task is significant in some way.


D.

Ensure each employee has a degree of independence and flexibility.


E.

Ensure employees can see the results of their work.


Expert Solution
Questions # 27:

A few years have passed since tech company NVision launched their new games console, Superbox. The product was once a star, with high, rising sales, but it is now selling quite poorly. In fact, it's selling so poorly that

NVision are no longer making a return on the product.

Which of the following strategies would be the BEST for NVision to implement?

Options:

A.

Pull out of the market or, if possible, sell the rights of Superbox to an individual or company who is willing to carry it on.


B.

Keep costs low and continue to sell the console.


C.

Develop the product for a specific market segment who continue to have a need for it - this will allow NVision to sell the product at a higher price.


D.

Allow the product to follow its natural life-cycle.


Expert Solution
Questions # 28:

Working in the finance function of a manufacturer of baked goods, T has been asked to support the monitoring of key performance indicators (KPIs) within the operations function of the company.

Which of the following would be a suitable KPI to help measure quality costs?

Options:

A.

Labour utilisation rate in the bakery.


B.

Amount of inventory damaged in warehouse storage


C.

Freight costs per bakery unit sold


D.

Time taken to deliver a customer order


Expert Solution
Questions # 29:

Which TWO of the following tasks is associated with a Finance Department's Management Accounting section?

Options:

A.

Providing management with decision making information


B.

Preparing investment appraisals


C.

Corporate governance compliance within the organisation


D.

Arranging for the financing of plans made


E.

Dealing with tax administration


F.

Verifying systems of control


Expert Solution
Questions # 30:

There are four types of quality cost - prevention, appraisal, internal and external failure. Which of the following provides the best description for an external failure cost?

Options:

A.

The cost to repair a machine that has broken down


B.

The cost of training staff


C.

The cost of inspecting finished goods


D.

The cost of repairing products returned by customers


Expert Solution
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