Available Number of Questions: Maximum of
278 Questions
Exam Name: E3 Strategic Management
Related Certification(s):
CIMA Professional Qualification Certification
CIMA CIMAPRA19-E03-1 Exam Topics - You’ll Be Tested in Actual Exam
The CIMA CIMAPRA19-E03-1 exam is a comprehensive assessment designed to evaluate your knowledge and skills in financial analysis, strategy formulation, and management accounting. This exam is a crucial step for aspiring management accountants, as it covers a wide range of topics essential for effective financial management and decision-making. You'll delve into the fundamentals of financial analysis, learning how to interpret and evaluate financial statements, calculate key financial ratios, and assess a company's financial health. Additionally, the exam emphasizes strategic management, teaching you how to align financial goals with organizational objectives, develop effective strategies, and implement them successfully. Management accounting principles are also covered, focusing on cost management, budgeting, and performance evaluation techniques. Throughout the exam, you'll be tested on your ability to apply these concepts to real-world scenarios, make informed financial decisions, and provide strategic recommendations. By passing this exam, you'll demonstrate a strong foundation in financial analysis and management, opening doors to exciting career opportunities in finance and accounting.
CIMA CIMAPRA19-E03-1 Exam Short Quiz
Attempt this CIMA CIMAPRA19-E03-1 exam quiz to self-assess your preparation for the actual CIMA E3 Strategic Management exam. CertBoosters also provides premium CIMA CIMAPRA19-E03-1 exam questions to pass the CIMA E3 Strategic Management exam in the shortest possible time. Be sure to try our free practice exam software for the CIMA CIMAPRA19-E03-1 exam.
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CIMA CIMAPRA19-E03-1 Exam Quiz
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CIMACIMAPRA19-E03-1
Q1:
Which THREE of the following statements are valid when considering setting and developing objectives for Not For Profit Organisations (NFPOs)?
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ANFP organisations use an approach based upon the three E's of efficiency, effectiveness and environment to set objectives
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Bln NFP organisations efficiency and effectiveness are very important, but there is a risk efficiency becomes more important than service effectiveness
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CThe 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.
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DObjectives will not be based on profit achievement but rather on achieving a particular response from various stakeholders.
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EIn setting these objectives NFP organisations will never consult or seek wider participation from other interested groups
CIMACIMAPRA19-E03-1
Q2:
Company V has obtained planning permission to build 20 wind turbines in town W. This will be a highly profitable project and help the Government in Country H meet targets for renewable energy. However, local residents and wildlife groups are extremely unhappy and have objected to the plans and threatened to cause disruption at the site of the proposed wind turbines once building work commences
Which THREE of the following activities should Company V use, according to Cyert and March, to resolve these conflicting stakeholder objectives?
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AContinue to build the wind turbines despite attempts to overcome the objections of the locals and the wildlife groups
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BNegotiate with the wildlife groups to ensure their key concerns are understood, and implement an action plan to address concerns where appropriate
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CMake a donation of $10,000 to town W as a contribution towards the construction of a new town hall.
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DOffer staff a bonus when the project is successfully completed
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DNegotiate a 5% reduction in the price of the blade manufacture.
CIMACIMAPRA19-E03-1
Q3:
Johnson. Scholes and Whittington described three criteri
a. 'Suitability, Feasibility and Acceptability' to evaluate potential strategies. Which of the following statements relate to the three criteria? Select ALL that apply.
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AConcerned with the expected performance outcome.
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BConcerned with whether the strategy addresses the circumstances in which an organisation is operating.
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CConcerned with the ability of the business to renew itself.
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DConcerned with the latest reported results
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EConcerned with whether the strategy could be made to work in practice.
CIMACIMAPRA19-E03-1
Q4:
BBB operates a small chain of coffee shops within Country X. a mature economy in northern Europe. BBB was established 20 years ago and currently employs over 150 staff in 25 shops located in major towns and cities throughout Country X. BBB attracts a wide range of customers, who are attracted by its extensive menu of coffee products and food Customers can either consume their purchases within the shop or can take their purchases away.
Which THREE of the following external environmental changes would have the greatest impact on BBB in the next three years?
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AA worldwide shortage of coffee beans due to climate changes, affecting availability.
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BThe opening of an internationally renowned chain of coffee shops in Country X.
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CAn increase in the national statutory minimum wage in Country X.
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DA planned refurbishment of 80% of BBB's shops to update its image and increase shop floor space
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EAn increase in the average age of the population in Country X due to falling birth rates.
CIMACIMAPRA19-E03-1
Q5:
Y designs and manufactures smartwatches. In order to stay ahead of the market, Y sometimes releases new smartwatches when they are only 90% ready, to a limited number of customers. At this point, Y obtains useful feedback about the smartwatch which it uses to develop later versions of the model.
Which of the following behaviours is Y demonstrating?
