CIMA Operational E1 CIMA Study Notes

Organisational Management Questions and Answers

Question 85

Which of the following are advantages of a virtual team?

Select ALL that apply.

Options:

The costs of a central office are not needed.

New members can be brought in and out of the team easily.

Members do not feel isolated.

It is easier to establish decision making processes.

Question 86

LFN is a tuition provider

The finance function has recently migrated all accounting systems onto cloud software which is expected to considerably streamline the existing systems.

The Managing Director is keen to promote the benefits of the new software in terms of increased accuracy of reporting and availability of real time management information.

However, the Finance Director has concerns and is feeling pressured to keep quiet about the ability of the technology to achieve all that is expected

Which of the following ethical principles is highlighted within LFN?

Options:

Professional competence

Objectivity

Integrity

Confidentiality

Question 87

Which TWO of the following key business areas can a standard cost record assist with?

Options:

Pricing decisions

Break-even analysis

Inventory level

Receivables collection

Question 88

The psychological contract is by nature:

Options:

unwritten and not legally binding.

legally enforceable due to custom and practice.

written as part of a worker's terms and conditions.

renegotiated annually between management and unions.

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Organisational Management Questions and Answers

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