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Pass the CIMA Operational E1 Questions and answers with ValidTests

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Questions # 91:

An individual works for Organisation A. They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.

An individual works for Organisation B. They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.

An individual works for Organisation C. They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.

For each of the organisations above, match them with the relevant sector below.

Question # 91

Options:

Expert Solution
Questions # 92:

An electrical goods company produces colourful brochures for customers.

 

Which element of the marketing mix does this represent?

Options:

A.

Physical evidence

B.

Product

C.

Price

D.

Packaging

Expert Solution
Questions # 93:

Which of the following defines key performance indicators (KPls)?

Options:

A.

KPIs are the measures which indicate whether or not the critical success factors are SMART.

B.

KPIs are the measures which indicate whether or not a critical success factor is being achieved

C.

KPIS are used to measure operational activities only

D.

KPIs are used to create critical success factors.

Expert Solution
Questions # 94:

AB Company has recently produced a very successful brand of washing powder which has achieved high market growth and a high market share. According to the Boston Consulting Group (BCG) matrix what is the product's next stage of development?

Options:

A.

Cash cow

B.

Star

C.

Question mark

D.

Dog

Expert Solution
Questions # 95:

Kolb's learning cycle suggests that learning is a series of steps based on learning from experience.

Match the various stages of the cycle with the correct description.

Question # 95

Options:

Expert Solution
Questions # 96:

Which of the following is a potential advantage of outsourcing?

Options:

A.

Finality of decision

B.

Reduced capital expenditure

C.

Reduced transaction costs

D.

Reduced core competencies

Expert Solution
Questions # 97:

Mitch owns a small furniture business, which he is keen to grow.

Which of the following would MOST benefit the growth of Mitch's business:

Options:

A.

Forming an alliance with a local supplier.

B.

Becoming a shamrock organisation.

C.

Becoming a network organisation.

D.

Outsourcing all complementary and residual competencies.

E.

Reducing the price of all products by a third.

Expert Solution
Questions # 98:

Which of the following organisations would best describe a 'professional bureaucracy'?

Options:

A.

A hospital

B.

A newsagent

C.

A manufacturing company

D.

A project based company

Expert Solution
Questions # 99:

Which THREE of the following describe the role process maps can play in an organisation?

Options:

A.

Providing an overview of product flows across supply chains and networks

B.

Acting as a trigger for process redesign and simplification

C.

Providing an understanding of how particular jobs and functions fit into an entire process

D.

Offering a framework to analyse cause and effect in problem solving

E.

Providing a plan-do-check-act operating sequence

F.

Providing an understanding of how the physical and thinking environment can be improved

Expert Solution
Questions # 100:

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.

Options:

A.

Use the highest quality fabric.

B.

Employ skilled shoemakers.

C.

Train staff.

D.

Have the best quality shoe-making machinery.

E.

Use a Kaizen method of production.

F.

Adopt the Pa re to rule.

Expert Solution
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