E1 exam questions for practice in 2022 Updated 297 Questions
Updated Oct-2022 Premium E1 Exam Engine pdf - Download Free Updated 297 Questions
NEW QUESTION 150
Company O has appointed a new CEO who is well known in the industry for making radical changes within the companies that she works for. After her first 9 months in the role, she announced some changes that she wanted to make, starting with the Finance Department. She stressed an intention to focus inwards on improvements to efficiencies and that she was not afraid to make fundamental changes if this is what is required to achieve those improvements. Which of the following is described above?
- A. Relocation of production
- B. Reconfiguration to market oriented.
- C. Segregation of the finance function
- D. Business Process Re-engineering
Answer: D
NEW QUESTION 151
DTR is a publishing company specialising in the production of technical journals and product specifications Because of the volumes of information required to run the business effectively, the finance function of the company is considering migrating to cloud based technologies.
Which of the following is most likely to be a benefit of such a move for the company?
- A. Established work patterns
- B. Access to stand alone systems
- C. Improved version control
- D. Periodic system updates
Answer: B
NEW QUESTION 152
Which of the following is a disadvantage of virtual operations?
- A. Possible linkages in the value chain
- B. Flexibility and speed of operations
- C. The suppliers/resources may also be available to rival operations
- D. Reduced investment in assets
Answer: C
NEW QUESTION 153
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.
- A. The system generates customer invoices quickly.
- B. The business saves money by needing less senior mechanics and repairing boilers quicker.
- C. The business is less reliant on the senior technician for solving problems.
- D. Faults are diagnosed quicker so customer service is improved.
- E. Junior technicians are able to identify faults without a detailed knowledge.
- F. The system can be used for other purposes such as staff rotas.
Answer: B,C,D,E
NEW QUESTION 154
Which of the following is NOT a feature of a strategic level information system?
- A. It handles information which is valid for the whole organisation.
- B. It helps middle managers to monitor and control.
- C. It has a long term focus.
- D. It has high levels of uncertainty and subjectivity.
Answer: B
NEW QUESTION 155
Which of the following best outlines the shift to higher level' skills anticipated to be fundamental to future accountants'?
- A. The ability to balance ledger accounts
- B. The ability to evaluate data sources.
- C. The ability to collect and process data
- D. The ability to produce an extended trial balance
Answer: C
NEW QUESTION 156
Which of the following would specifically be an example of the use of the marketing concept by a charity?
- A. Only buying pencils made from sustainable materials
- B. Selling pencils to make a profit for the charity
- C. Having pencils made with the name of the charity on them
- D. Giving pencils out to children in developing countries
Answer: C
NEW QUESTION 157
A service level agreement will NOT normally include which of the following?
- A. The consequences of failing to meet targets
- B. Details of the mode of operation of the supplier
- C. The procedure for dealing with complaints
- D. The number of targets to be used
Answer: B
NEW QUESTION 158
Which of the following are types of primary research? Select ALL that apply.
- A. Trade associations/professional bodies
- B. Previously gathered marketing research
- C. Test marketing
- D. Interviews
- E. National and local press
- F. Governments
- G. Websites
- H. Industry magazines
- I. Public records
- J. Questionnaires
- K. Censuses
- L. Observation
- M. Books
- N. Informal contacts
- O. Market surveys produced by external researchers
- P. Published company accounts
Answer: C,D,J,L
NEW QUESTION 159
The growth and success of virtual teams have been a result of which THREE developments becoming available to organisations?
- A. Computer-aided design processes
- B. Safe transfer of funds electronically
- C. Remote on-line meetings
- D. Efficient broadband connections
- E. Accurate systems of inventory management
- F. Electronic information sharing
Answer: C,D,F
NEW QUESTION 160
The following statements are from which section of the UK Combined Code?
1:The board should disclose a balanced and understandable assessment of the company's position and prospects in the financial reports.
2:The board should maintain an appropriate relationship with the company's external auditor.
- A. Remuneration
- B. Shareholder relations
- C. Accountability
- D. Effectiveness
- E. Leadership
Answer: C
NEW QUESTION 161
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?
- A. 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.
- B. Keep costs low and continue to sell the console.
- C. Allow the product to follow its natural life-cycle.
- D. 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.
Answer: D
NEW QUESTION 162
More and more organisations are developing their supply chain networks by building closer links with suppliers. Which THREE of the following are considered to be features of this trend?
- A. Computer systems linked to customers
- B. In-house resolution of design problems
- C. Early supplier involvement
- D. Price and inventory co-ordination
- E. Supplier representative on site
Answer: C,D,E
NEW QUESTION 163
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?
- A. Submit the company's accounts to the IFRS.
- B. Record the organisation's transactions in the books of prime entry.
- C. Inform the tax authorities of the organisation's revenues.
- D. Total all the day books and enter them into ledgers.
Answer: B
NEW QUESTION 164
Which of the following is NOT one of the "three V's" of Big Data?
- A. Velocity
- B. Variability
- C. Variety
- D. Volume
Answer: B
NEW QUESTION 165
Which of the following is a disadvantage of outsourcing?
- A. Outsourcing can remove uncertainty about cost.
- B. Transaction costs will arise as a consequence of the outsourcing agreement.
- C. Access to specialist knowledge is made possible.
- D. It can save on costs by making use of a supplier's economies of scale.
Answer: B
NEW QUESTION 166
Which of the following is an advantage of a functional organisational structure?
- A. The owner has a greater level of control over the workforce and all decisions.
- B. The structure is easily adapted for further diversification.
- C. It encourages teamwork and the exchange of opinions and expertise.
- D. There is a clear career path for employees to work their way up through.
Answer: D
NEW QUESTION 167
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*?
- A. The capability to swiftly capture and process data in real time
- B. The capability to validate data to tolerable levels
- C. The capacity to process large quantities of data
- D. The capability to process internal and external data
Answer: A
NEW QUESTION 168
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?
- A. Qualitative analysis
- B. Sales forecasting
- C. Corporate reporting
- D. Quantitative analysis
Answer: C
NEW QUESTION 169
Arrange the stages of the product life-cycle in the correct order.
Answer:
Explanation:
NEW QUESTION 170
There are four stages of development of supply chain management, according to Reck and Long's strategic positioning tool. Which stage of this model does the following description identify?
Emphasis is on better co-ordination between departments and suppliers involving timely communication about changes in price and availability of materials.
- A. The integrative stage
- B. The independent stage
- C. The passive stage
- D. The supportive stage
Answer: D
NEW QUESTION 171
AB Company is planning to produce a new product which will require an extra shift to be worked in its factory, and needs to know if the sales expected will cover the extra cost of manufacture. Which of the following financial processes will be used to calculate this?
- A. Key factor analysis
- B. Break even analysis
- C. Pricing analysis
- D. Investment appraisal
Answer: B
NEW QUESTION 172
Candidate testing often forms part of the selection process. XYZ is currently looking to recruit a Financial Analyst possessing advanced spreadsheet skills. You have been asked to devise a suitable selection test. Which of the following tests would be the most suitable?
- A. Specific ability test
- B. Numeracy and literacy test
- C. Personality test
- D. Cognitive test
Answer: A
NEW QUESTION 173
Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering In this context strategic partners are
- A. Outsourced partners
- B. Project managers
- C. Finance professionals
- D. Senior management
Answer: D
NEW QUESTION 174
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