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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following are examples of a parallel changeover?
Select ALL that apply.

A) A factory that wants to change from a manual to an automated system keeps on some of its manual labour employees whilst implementing the automated system.
B) A toy manufacturer that has new assembly line staff working at the same time as the old staff before they move on to other roles.
C) A supermarket that updates all its checkouts while the store is closed.
D) A multi-storey hotel store that redecorates each level one-by-one, rather than all in one go.
E) A car manufacturer that trials a new type of automation before replacing the old system with it.
F) A call centre that moves into its new office overnight, so that it is fully operational the next day.

2. Which TWO of the following are non-incorporated organisations?

A) P and Q who share joint responsibility for their business and all its debts
B) The British Red Cross Society, a well known charity
C) K, who runs a business alone and is entitled to all profits
D) MN, a family-owned business sharing profits by means of dividends
E) XY, an organisation whose owners can trade their shares publicly

3. Company P has had a recent IS/IT audit and weaknesses were highlighted within the privacy and security section of the report. Which TWO of the following would be classed as general controls of privacy and security?

A) Completeness checks
B) Identification and authorisation checks
C) Validity checks
D) Time lock-out function
E) Hierarchy of access

4. Which of the following is a cost of information?

A) Improving system design
B) Improving product design
C) Improving pricing strategies
D) Improving marketing strategies

5. Which of the following are benefits of appraisals? Select ALL that apply.

A) Bureaucracy is reduced.
B) Allows manager/employee to exchange feedback.
C) Ties in with career planning.
D) Sets targets to help improve employee motivation.
E) Rewards performance above and beyond the expected.
F) Identifies where the employee needs improvement and how to go about it.
G) Can reduce the chance of confrontation occurring.
H) The process is usually devoid of bias.

Solutions: