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Best Quality CIMA E3 Exam Questions
NEW QUESTION 16
According to Porter's Five Forces model, which of the following would be evidence of high buyer power?
- A. Buyers are fragmented and act independently of each other.
- B. Products are not standardized and buyers cannot easily switch to another product.
- C. There is a concentration of buyers.
- D. There is a low probability of backward integration.
Answer: A
NEW QUESTION 17
In respect of mission statements, place the word "characteristic" or "purpose" against the relevant activity.
Answer:
Explanation:
NEW QUESTION 18
TTT recently appointed a new Chief Executive, R, to lead it through a period of major change. R immediately set up a change management team which consisted of several senior managers and directors from across the organization. Together, they formulated an overall goal for change and then spent several weeks presenting the need for change to all of the staff through a series of staff meetings. At these meetings R involved staff and built their ideas into the final change strategy.
R also set a series of interim goals to encourage ongoing performance throughout the change process. When the organization reached these goals, R widely publicized these achievements to help motivate staff.
However, after six months, TTT had failed to reach most of the interim goals that had been set. Most of the members of the change management team had not maintained a significant interest in the change process and many of the staff felt that there had been a lack of communication and reward following the initial few weeks of the change process.
Kotter suggested that there were eight steps required to successfully lead change.
Which TWO of the following did R fail to achieve? (Choose two.)
- A. Generate short term wins
- B. Incorporate change into the culture
- C. Develop a change vision
- D. Empower broad based action
- E. Never letting up
Answer: A,C
NEW QUESTION 19
Which of the following techniques is concerned with evaluating the interrelationships between the competitive moves of a set of competing organisations?
- A. Role playing
- B. Gamtheory
- C. Visioning
- D. Opportunity mapping
Answer: B
NEW QUESTION 20
Select the label which best defines the periods of decline outlined in the situations presented below.
Answer:
Explanation:
NEW QUESTION 21
PQ is an international airline.
In accordance with Porter's Value Chain, select "Primary" or "Support" for each of the activities listed below:
Answer:
Explanation:
NEW QUESTION 22
BCD is a small private hospital providing elective surgery to patients. Elective surgery is not essential to the patient's health and can be regarded as a luxury.
Match the performance measure to the strategic goal and match the direction of improvement to each measure.
Answer:
Explanation:
NEW QUESTION 23
Which THREE of the following statements are valid when considering setting and developing objectives for Not For Profit Organisations (NFPOs)?
- A. In setting these objectives NFP organisations will never consult or seek wider participation from other interested groups
- B. NFP organisations use an approach based upon the three E's of efficiency, effectiveness and environment to set objectives
- C. Objectives will not be based on profit achievement but rather on achieving a particular response from various stakeholders.
- D. ln NFP organisations efficiency and effectiveness are very important, but there is a risk efficiency becomes more important than service effectiveness
- E. The objective setting exercise must balance the interests and concerns of all stakeholders, which may result in the NFP organisations setting a range of differing objectives.
Answer: C,D,E
NEW QUESTION 24
A resource audit identifies the resources that are available to an Organization and seeks to start the process of identifying competencies. By assessing the results from a resource audit, a company can evaluate how well its resources have been utilised and the efficiency and effectiveness of the Organization's systems.
The Ms model is used to help managers undertake a resource audit.
Which THREE categories will be included in a resource audit?
- A. Make-up
- B. Money
- C. Motor vehicles
- D. Management
- E. Market research
Answer: A,B,D
NEW QUESTION 25
The Chief Executive Officer (CEO) of Company Y has recently attended a series of presentations on the six key roles that the World Economic Forum (WEF) recommend organisations fulfil in order to succeed in the digital age.
The CEO is particularly interested in changing the focus of Y from a five year, to a one year planning cycle, with more focus on experimentation and less focus on long-term planning.
Which of the six roles suggested by the WEF is the CEO particularly interested in?
- A. Driver of information-based business models
- B. Innovation promoter
- C. Strategic planner
- D. Operational excellence driver
Answer: C
NEW QUESTION 26
Select the MOST appropriate leadership style to manage each change situation outlined below.
Answer:
Explanation:
NEW QUESTION 27
MMM operates leisure parks in Country S. a mature economy in Europe. These are parks that are popular with people between the ages of 8 and 25 years who visit them to ride on the high speed roller-coasters and to visit other attractions at the parks. Nearly 60% of visitor expenditure is to buy meals and drinks at the park MMM estimates that 20% of its visitors travel to its parks from outside Country S.
Which THREE of the following environmental changes will have the greatest impact on MMM in the next five years?
- A. Introduction of government restrictions on the number of students and tounsts permitted to enter Country S.
- B. The growing strength of the emerging economies in Africa, Asia and South America.
- C. The opening of a rival leisure park in Country S with more modern rides and attractions.
- D. The average age of the population in Country S is increasing because of a fall in the birth rate.
- E. An increase in the statutory minimum wage in Country S.
Answer: A,B,D
NEW QUESTION 28
F is an entrepreneur who runs a chain of health food shops in Country M.
There are no other similar health food shops operating in Country M and the chain has rapidly grown over the last three years. F wishes to continue to grow his chain of shops but is aware that he lacks the funds to enable him to grow at the pace which the market is demanding. He is also concerned that continued rapid growth will result in him losing control over the strong brand reputation and identity that he has built up for the chain of shops.
Which of the following would be the most feasible strategy for F to adopt to continue to grow his business?
- A. Licensing
- B. Franchising
- C. Acquisition
- D. Joint venture
Answer: B
NEW QUESTION 29
BBB is a manufacturer that has been criticized in the financial press because it does not have a policy for sustainability.
Which THREE of the following elements would be crucial to BBB successfully embedding sustainability into its activities? (Choose three.)
- A. BBB should include sustainability targets in performance appraisal.
- B. BBB should investigate the costs and benefits of establishing a sustainability department.
- C. BBB should employ a new public relations consultancy.
- D. BBB should give all its staff training in sustainability.
- E. BBB's Board should make a commitment to sustainability.
- F. BBB should spend at least 0.1% of its Net Profit on sustainability projects.
Answer: C,D,E
NEW QUESTION 30
JJJ presently makes motorcycles for use by the armed forces in its home country. Defence spending cuts have forced JJJ to seek a new business direction. JJJ has decided to make trucks for sale to private businesses in its home country.
Use the Ansoff product/market matrix to identify the new strategic direction of JJJ.
- A. Market penetration
- B. Related diversification
- C. Product development
- D. Market development
Answer: B
NEW QUESTION 31
GV is a manufacturer and retailer of high quality suede gloves. GV makes all of its sales in country F, and is extremely profitable. After many successful years trading, GV has accumulated significant cash reserves and would like to grow the business organically After some investigation work. GV has discovered an opportunity to sell leather shoes in country P Which of the following strategic directions is GV taking if it pursues this opportunity, according to Ansoff's product / market matrix?
- A. Market penetration
- B. Related diversification
- C. Product development
- D. Market development
Answer: B
NEW QUESTION 32
Information Systems OS) strategy is correctly defined as.
- A. Decisions on the hardware, software and communications solutions used in the organisation.
- B. The planning, organising, investment and control of information applications in the organisation.
- C. Identifying the information needs of the organisation and aligning development to them.
- D. The roles and structure of information specialists in the organisation and their relationship with users
Answer: D
NEW QUESTION 33
McKinsey's '7-S' model can provide companies with a useful insight into some of the issues experienced as part of a change initiative within a company.
Which THREE of the following are identified as SOFT elements within McKinsey's '7-S' model?
- A. Skills
- B. Staff
- C. Sustainability
- D. Style
- E. Strategy
- F. Sentiment
Answer: A,B,D
NEW QUESTION 34
HHH is a manufacturer which has a bonus scheme for its production workers related to the speed of output.
HHH's products are very specialized and are made in a dangerous production environment HHH's production workers usually work alone but sometimes, if there are problems in the production environment (for example, machinery breakdowns), they have to work in teams. When the production workers are working in teams they do not receive any bonus HHH's senior management is proposing to amend the current bonus scheme to encourage increased productivity Under the current bonus scheme, production workers receive extra pay when they achieve 45% of their individual target The target level is low because of the dangerous production environment and the need to occasionally work in teams Under the proposed bonus scheme, production workers will not receive any extra pay until they have achieved
90% of their individual target Workers who achieve 90% or above of their individual target will be paid a 30% higher bonus Which THREE of the following problems is HHH most likely lo encounter with the introduction of the proposed bonus scheme?
- A. Production workers could consider the new target as unachievable.
- B. The proposed bonus scheme conflicts with health and safety legislation
- C. There could be a rise in the level of workplace accidents
- D. Production workers will not be motivated by the proposed level of bonus
- E. The extra production output will lead to an increase in inventory
Answer: A,D,E
NEW QUESTION 35
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