[Sep 26, 2022] Latest E1 Exam with Accurate Managing Finance in a Digital World PDF Questions
Practice To E1 - PassReview Remarkable Practice On your Managing Finance in a Digital World Exam
NEW QUESTION 139
T Company has recently appointed J as Chief Data Officer
One of the responsibilities of the appointment is to ensure compliance with the General Data Protection Regulations (GDPR) in force in the jurisdiction J's first action was to carry out an internal audit of GDPR compliance Which THREE of the following audit findings are indicators that T Company is compliant with GDPR''
- A. Most of the staff were fully aware of their data protection responsibilities.
- B. Customer data is deleted when no longer required.
- C. Customers are given the option of unsubscribing from marketing emails
- D. 98% of customer records were found to be accurate and up to date.
- E. Personal data is kept on a secure server, protected by a firewall
Answer: B,D,E
NEW QUESTION 140
An effective induction programme will typically focus on which THREE of the following?
- A. Family connections with the business
- B. Organisation structure, charts and reporting lines
- C. Financial issues including salary payment dates and expense procedures
- D. Culture and values, including ethical issues
- E. Hobbies and interests
- F. Personal health issues
Answer: B,C,D
NEW QUESTION 141
There are four approaches to system changeover, each of which varies in terms of risk, cost and time. When there is a need to minimise costs and time the most suitable approach would be:
- A. Parallel running
- B. Direct changeover
- C. Phased changeover
- D. Pilot operation
Answer: B
NEW QUESTION 142
Company T needs to update its forecast for the remaining 9 months of the financial year to comply with its bank financing convenants. There is a debate between the manufacturing department, which wants to replace some large equipment within the next six months, and the finance function, which wants to ensure that sufficient reserves have built up to fund the purchase outright rather than exploring further financing options.
Which conflicting factors are the two departments debating?
Select ALL that apply.
- A. Long term
- B. Revenue expenditure
- C. Independence
- D. Short term
- E. Capital expenditure
Answer: A,D
NEW QUESTION 143
Clear career promotion and progression ladders are most obvious under which type of organisational structure?
- A. Virtual
- B. Vertical
- C. Networked
- D. Horizontal
Answer: B
NEW QUESTION 144
The Finance Director has been asked to produce a cost saving plan for the organisation which is to come into effect immediately. His initial suggestion to enable quick savings is to cut the staff development and training budget by 50%. Before he publishes the plan he has asked you to review it and let him know what the effect of this may be in the short term.
Select ALL that apply.
- A. Staff motivation may reduce
- B. Recruitment may be more difficult
- C. Staff skill levels may reduce
- D. There may be a loss of competitive advantage
- E. Profit will increase
- F. Key staff may leave
Answer: A,B,E
NEW QUESTION 145
Which of the following is one of the five key areas of an effective approach to corporate digital responsibility (CDS)?
- A. Digital stewardship
D Digital sustainability - B. Digital mindset
- C. Digital protection
Answer: A
NEW QUESTION 146
'A mam stakeholder of the finance function typically enquires about the prospects of the business, alongside overall performance and feedback on the leadership team' Which of the following stakeholders is being discussed?'
- A. Human Resources
- B. Sales
- C. Production
- D. SharehoWers
Answer: C
NEW QUESTION 147
Which of the following is an example of operational information?
- A. Productivity measures
- B. Sales analysis
- C. Payroll details
- D. Inventory values
Answer: C
NEW QUESTION 148
DnD1_0151-R2-D. Match each of the ethical principles with the correct brief scenario.
Answer:
Explanation:
NEW QUESTION 149
Which TWO of the following relate to corporate social responsibility (CSR) rather than corporate governance?
- A. Independently determined remuneration based on clear criteria
- B. Strong accountability through a board of directors
- C. Achievment of high levels of degradable packaging
- D. Safeguarding against decision making being dominated by one person
- E. Eliminating discrimination in company advertising
Answer: C,E
NEW QUESTION 150
AcrossThePond is a ferry company that has just slashed their prices for trips scheduled to Europe between August and November - they are now almost half as cheap!
Why would AcrossThePond do this?
Select ALL that apply.
- A. So that they can fully utilise their production capacity.
- B. So that they can can better manage their supply.
- C. So that they can increase consumer awareness of their summer services.
- D. So that they can increase demand to match supply.
- E. To increase their revenues.
Answer: A,D
NEW QUESTION 151
Clear career progression is an advantage of which type of organisational structure?
- A. Functional
- B. Project based
- C. Multi-divisional
- D. Matrix
Answer: A
NEW QUESTION 152
An organisation owned by its customers, generally not-for-profit and in the private sector, is commonly known as which one of the following?
- A. Mutual organisation
- B. Sole trader
- C. Partnership
- D. Charity
Answer: D
NEW QUESTION 153
A company manufactures electrical goods and has several product lines, all at different stages in the product life-cycle. As each item works through the life-cycle, the emphasis on marketing and price focus changes. Item X currently has an increased emphasis on investment in the product quality and design, with consideration also being given to reducing the sale price. Item X is in which stage of the product life-cycle?
- A. Introduction
- B. Decline
- C. Maturity
- D. Growth
Answer: C
NEW QUESTION 154
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