Cima E1 Exam Question No 71

Question No 71:

Which ONE of the following does NOT represent a control in a computer network?

A. A firewall
B. Data encryption
C. Passwords
D. A cookie

Answer: D

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Cima E1 Exam Question No 70

Question No 70:

What is the marketing concept?

A philosophy of business, that holds that the key to organisational success is meeting customers' needs more effectively ad more closely than competitors (a belief system)

MBA Lands UK Government Finance Job After CIMA Qualification

John Anderson is a graduate of Middlesex University's full-time MBA program in 2006. He has worked in finance related roles in the rail network - which owns and manages most of the rail network in the UK - almost one of each.

Then, in 2014, he decided to continue his career in finance to the next level and pursue a professional degree in accounting CIMA - The Institute of Accountants Management.

CIMA is the largest professional body of management accountants in the world. CIMA supports and invokes 150 000 Public Accountants of Global Management (CGMA) around the world.

 The CIMA qualification is designed in response to the employer's request. It extends beyond the scope of traditional accounting programs - as well as technical accounting knowledge, it focuses on modern topics focused on management, as do the great data, sustainability and leadership. CIMA students were assessed using case studies focused on tasks that reflect the current work environment.

For MBA students, CIMA qualification is a way to excel in the job market. CIMA offers a path to the entrance gate of the main entrance, a fast track for MBA holders that exempts 11 explorations. John received his CIMA degree in less than a year. He is now a registered global management account, ACMA CGMA.

By studying the CIMA qualification, he joined Capita and achieved commercial financial aspects of a 2 billion project of deploying smart meters for energy users in the UK.

After completing the CIMA qualification he was given a leadership position as a Finance Officer for the UK Department of Transportation. An MBA helped, but needed the CIMA qualification for the job. In fact, he would not be where he is now without him.

Why did you decide to follow the CIMA qualification?

The MBA is an excellent qualification and I always use the lessons of that experience in my daily work. However, I wanted my career that focuses on finance.

I saw two main advantages for continuing the CIMA qualification. First, being professionally qualified and maintaining an MBA can open doors for financial positions. There is some seriousness with CIMA qualification that helps you move into the financial community and develop a career based on finances. Secondly, I wanted to develop new financial skills that were not covered in the MBA program.

What is a CIMA qualification gives an MBA, no?

My experience was that while my MBA covers some of the financial elements of the CIMA course, CIMA has more content than the MBA. Although the CIMA strategic level content was excellent for further developing my knowledge in strategic finance, I still use it now. Part of the new course content, such as large data, was very useful - and this has never been covered in my MBA.

How does knowledge apply to your current position?

My role invites me to continue financial elements in large public markets of the railway franchise.

I regularly use CIMA learning as financial risk management, corporate governance and project management in my daily work day. In addition, the problem-solving techniques I have learned in CIMA courses have been of great value to me to discuss and address issues that often involve high levels of ambiguity, complexity, and uncertainty.

How has your CIMA qualification helped your career?

CIMA No, I would not have been able to apply for my current role - being professionally qualified was a prerequisite.

I believe that the depth in the economic content of the CIMA course and addressing the establishment of business and problem solving has enriched my work experience and my existing qualifications. I consider financial roles focused on leadership in the future and the CIMA rating will help support this ambition.

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Cima E1 Exam Question No 69

Question No 69:

What is product development?
Involves the redesign or repositioninng of existing products or the introduction of completely new ones in order to appeal to existing markets

Cima E1 Exam Question No 68

Question No 68:

Which ONE of the following is NOT associated with quality management?

A. 5-S practice
B. 180 degree feedback
C. Six Sigma methodology
D. Five-why process

Answer: B

Cima E1 Exam Question No 67

Question No 67:

Electronic Executive Information Systems (EIS) and Expert Systems (ES) are examples of?

A. Customer relationship management software.
B. Database management systems.
C. Computer networking.
D. Decision based software.

Answer: D

Cima E1 Exam Question No 66

Question No 66:

Which one of the following is NOT a benefit of corporate governance?

A. Improved access to capital markets.
B. Stimulation of performance.
C. Enhanced marketability of goods and services.
D. Prevention of fraudulent claims by contractors.

Answer: D

Cima E1 Exam Question No 65

Question No 65:

Balanced trade is

A. A national economic alternative to free trade.
B. An example of free trade.
C. A form of supply chain agreement.
D. A form of alliance with other companies.

Answer: A

Cima E1 Exam Question No 64

Question No 64:

Process maps can highlight which ONE of the following:

A. Incidences of where costs arise in a process
B. Incidences of where benefits arise in a process
C. Duplication and unnecessary steps in a process
D. 'Floats' in a sequence of activities

Answer: C

Cima E1 Exam Question No 63

Question No 63:

The need for external accreditation is associated with which ONE of the following?

A. Total Quality Management
B. SERVQUAL
C. ISO 9000
D. Six Sigma methodologies

Answer: C

Cima E1 Exam Question No 62

Question No 62:

Mintzberg's design of an effective organisation does NOT include which ONE of the following categories?

A. Technostructure
B. Outsource partners
C. Operating core
D. Strategic apex

Answer: B

Cima E1 Exam Question No 61

Question No 61:

When government regulation and restriction is absent the effect is

A. Protectionism.
B. Economic nationalism.
C. Liberalisation.
D. A mixed economy.

Answer: C

Cima E1 Exam Question No 60

Question No 60:

Which ONE of the following characteristics is NOT normally associated with a Non-Governmental Organisation (NGO)?

A. Furthering humanitarian causes
B. Championing social causes
C. Making profits
D. Exercising independence

Answer: D

Cima E1 Exam Question No 59

Question No 59:

Under an ABC inventory management system which ONE of the following items should be monitored most closely?

A. 'A' classified items
B. 'B' classified items
C. 'C' classified items
D. All items equally

Answer: D

Cima E1 Exam Question No 58

Question No 58:

Which ONE of the following is NOT a macroeconomic factor?

A. The relationship between price and demand in a particular market
B. Price inflation
C. Levels of savings and investment
D. Unemployment amongst young people

Answer: A

Cima E1 Exam Question No 57

Question No 57:

Under a free market economy prices are determined by which ONE of the following?

A. The stock market
B. Government regulation
C. Multinationals
D. Supply and demand

Answer: D

Cima E1 Exam Question No 56

Question No 56:

Which ONE of the following is NOT normally a barrier to international trade?

A. High levels of consumption tax
B. Subsidies for domestic (home) producers
C. Customs duties
D. Embargoes

Answer: A

Cima E1 Exam Question No 55

Question No 55:

A lean approach is associated with which ONE of the following?

A. Supply sourcing strategies
B. Demographic profiling
C. Employee selection criteria
D. Removal of waste

Answer: D

Cima E1 Exam Question No 54

Question No 54:

 Which ONE of the following is NOT a cost of quality?

A. Internal failure
B. Appraisal
C. Prevention
D. Transaction

Answer: D