[Mar 31, 2022] Pass CIMA E3 Exam Info and Free Practice Test
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Cost of the CIMA E3: E3 Strategic Management Exam
The cost of the CIMA E3: E3 Strategic Management Exam is 300 US Dollars.
Salary of CIMA E3: E3 Strategic Management Exam
- England: 66,073 Pound
- United States: 90,000 USD
- Europe: 77,777 Euro
- India: 6,761,978 INR
Introduction to CIMA E3: E3 Strategic Management Exam
The CIMA E3 certification comes in two versions, namely the CIMA E3 Associate's Certificate in Strategic Management and the CIMA E3 Diploma in Strategic Management. Traditional CIMA certification exams were held for more than 30 years. The CIMA exam is written by some of the industry's most renowned and experienced strategists and managers. Administrationcosts of this exam are very low compared to those of some other exams. Recruit is free to manage the CIMA E3 certification exam. Meet the needs of the organization is very important to the organization. Diverse and new challenges are often faced by the organization. Skillsrequirement of the organization in a competitive environment. Motorvehicles, health care, and financial services industries are some of the industries that emphasize recruitment and retention. Divestment of the organization may be done to reduce costs. Attract is needed to retain the right employees. Porter'sdiamond is used to analyze the competitive environment of the organization.
As threats of the organization may be internal or external. Ofinflation rate is one of the public disks. Mainfactory may be required to reduce costs. The internal structure of the organization may change due to new acquisitions. Prioritise the needs of the organization. Processes require costs. The main opportunitymay be the main challenge of the organization. Customers needs are changing. Consumers are attracted to the products of the organization. CIMA E3 Dumps is an effective tool to complete the CIMA E3 certification exam. The preference of the consumers is very important to the organization. Tablet computer is one of the products of Apple Inc.Corporatetaxation is the main problem of the organization and business environment is very important to the organization. Accountancy firms are very important to the organization. Anorganization is located at a place. Forcesmodel is used to monitor the competition of the organization. Arecorrect is action plan is required to reduce the competition of the organization.
NEW QUESTION 15
PPP is a state owned national railway operator. It has many divisions, each focusing on specific areas of the country.
PPP's mission statement is 'to provide a safe, punctual and reliable public transport service at lowest cost to its passengers and the government'.
Which THREE of the following divisional performance measures should PPP adopt?
- A. Percentage of trains arriving within 2 minutes of scheduled time
- B. Return on investment (ROI)
- C. Number of accidents or near misses each month
- D. Level of carbon emissions
- E. Cost per passenger mile
Answer: A,C,E
NEW QUESTION 16
XYZ operates a national chain of restaurants.
Which THREE of the following are external environmental drivers for XYZ?
- A. Launch of a new improved menu by XYZ
- B. Appointment of a new Marketing Director
- C. Reduced personal income of its customers due to increased personal taxation
- D. A direct competitor to XYZ closes down
- E. Recession in XYZ's country
Answer: C,D,E
NEW QUESTION 17
As a CIMA qualified management accountant working within a manufacturing company, you are subject to both CIMA's Code of Ethics and your company's Code of Business Conduct.
Which TWO of the following statements are TRUE? (Choose two.)
- A. A company's Code of Business Conduct can be rules based.
- B. As a CIMA qualified Management Accountant you must follow CIMA's Code of Ethics.
- C. Both CIMA's Code of Ethics and the company's Code of Business Conduct must be based on a set of basic principles.
- D. Where there is a difference between CIMA's Code of Ethics and the company's Code of Business Conduct, the company's Code of Business Conduct takes priority.
- E. Both CIMA's Code of Ethics and the company's Code of Business Conduct include References to Confidentiality. Disclosure on public interest grounds is therefore prohibited.
Answer: A,E
NEW QUESTION 18
A fresh-food packaging manufacturer has recently changed the design of its packaging in order to reduce the amount of non-recyclable material. Its immediate customer, a large fresh-food wholesaler, does not see the need for this re-design as it believes that it will adversely affect the storage of the fresh food. However, the final customer, a large supermaket chain, has expressed strong interest in the new packaging design, as the supermarket chain has strict Corporate Social Responsibility targets to achieve.
Which of the following statements most appropriately describes the situation outlined above, from the perspective of the fresh-food packaging manufacturer?
- A. Pull supply chain management
- B. Downstream supply chain management
- C. Value Chain management
- D. Upstream supply chain management
Answer: B
NEW QUESTION 19
Company PP is a large UK retail company.
In the past it has focused primarily on using financial performance measures. However, PP then realised that this was leading to short-term decision-making on investment in easily valued assets and under investment in assets such as employee skills and customer satisfaction, where short-term returns are more difficult to measure.
It has therefore adopted the Balanced Scorecard approach. PP is now considering enhancing it's approach by using Kaplan and Norton's Strategic Mapping model, as this will enable it to establish its priorities and manage stakeholder expectations.
Which of the following statements would be regarded as improvements by using Strategic Mapping.
Select ALL that apply.
- A. It will help inform which strategies, in each of the Balanced Scorecard perspectives, support improved performance.
- B. It will help PP establish the overriding objective of the Organization.
- C. It will help PP to identify and clarify customer-orientated strategies that support the overall business strategy.
- D. It will help to identify and prioritise how external processes would support PP's strategies.
- E. It will help PP to evaluate the operational and financial performance of the business.
Answer: A,B,C
NEW QUESTION 20
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. Strategic planner
- C. Operational excellence driver
- D. Innovation promoter
Answer: B
NEW QUESTION 21
TTT is a partnership that designs a specialist type of construction project for clients. It does not build the construction projects itself. TTT has eight partners who are skilled architects. Each partner works independently on their own projects. The partners rarely meet except to agree how to share out TTT's very significant profits.
The partners are disappointed that TTT is not growing as fast as it has in the past. Each partner is fully employed on their own projects and none has the time to recruit new architects to TTT. They are frustrated at the lack of leadership in TTT, although none of the partners are willing to take on a more senior role.
Which THREE of the following does TTT need to address?
- A. Management
- B. Make-up
- C. Manpower
- D. Materials
- E. Money
Answer: A,B,C
NEW QUESTION 22
Select the ethical principle which is most likely to be challenged in each of the following situations.
Answer:
Explanation:
NEW QUESTION 23
Porter suggests that competitive advantage arises from the implementation of a generic strategy which best fits the organisation's environment. Which of the following are generic strategies'? Select ALL that apply.
- A. A strategy based upon persuading customers its products or services are of equivalent value to those of the market leader.
- B. A strategy which is based upon the organisation achieving cost-parity with its competitors.
- C. A strategy which is based upon the business organising itself as the lowest-cost producer in its industry.
- D. A strategy in which its products or services are directed to a segment of the market rather than the market as a whole.
- E. A strategy based upon persuading customers that its products or services are superior to its competitors products and services
- F. A strategy which makes investment decisions guided by a product's position in a product/market matrix.
Answer: B,C,D,E
NEW QUESTION 24
CIMA has described the two roles of enterprise governance as 'preventing failure' and 'ensuring success'.
CIMA sees 'preventing failure' as being related to having proper risk management and corporate governance procedures in place. CIMA sees 'ensuring success' as being concerned with the practise of strategic management.
Which THREE of the following responsibilities of senior management are essential to 'ensuring success' for the Organization?
- A. Avoiding the dominance of the executive team by particular personalities.
- B. Providing leadership and direction to the Organization.
- C. Demonstrating competence in the execution of new initiatives.
- D. Ensuring conformance with the codes of corporate governance.
- E. Maintaining awareness and responsiveness to abrupt change in the Organization's environment.
Answer: B,C,E
NEW QUESTION 25
XYZ operates a national chain of restaurants.
Which THREE of the following are external environmental drivers for XYZ?
- A. A direct competitor to XYZ closes down
- B. Launch of a new improved menu by XYZ
- C. Appointment of a new Marketing Director
- D. Reduced personal income of its customers due to increased personal taxation
- E. Recession in XYZ's country
Answer: D,E
NEW QUESTION 26
Mendelow developed a matrix in which he characterised stakeholders by reference to their degree of power and level of interest.
Place the correct category against each of the classes of stakeholders.
Answer:
Explanation:
NEW QUESTION 27
You have been asked to advise a junior member of your team what qualities they should look for when identifying a coach or mentor to work with.
Place the qualities associated with effective coaching and mentoring next to the relevant statements below.
Answer:
Explanation:
NEW QUESTION 28
Collaborative leadership is particularly useful in situations where "no one is in charge", where the issues or problems are so complex that no one person or entity has either the information or the power to change.
Which of the following would facilitate the role of a collaborative leader effectively?
Place 'Yes' or 'No' next to each Role.
Answer:
Explanation:
NEW QUESTION 29
HHH is about to undergo a period of significant change. HHH intends to draw upon the model suggested by Beer and Nohria, concerning 'Theory E' and 'Theory O'. In which circumstances should HHH use 'Theory O' strategies?
Select ALL that apply.
- A. Change which involves feedback and reflection.
- B. Change which will involve key stakeholders.
- C. Change where shareholder value is the main consideration.
- D. Change where there is a desire to involve employees in the process.
- E. Change which will involve downsizing and restructuring.
- F. Change which will involve cultural adjustments.
Answer: A,D,F
NEW QUESTION 30
JJJ is about to undergo a period of rapid and far-reaching change. JJJ's Chief Executive has heard about work published by Beer and Nohria, 'Theory E' and 'Theory O', which identified reasons for business change initiatives failing. Select THREE of the following circumstances where it would be appropriate to use a 'Theory E' approach.
- A. The change is a response to new legislation.
- B. The change will be small and process-driven.
- C. Shareholder value is the main concern.
- D. The change is emergent and participative.
- E. The Chief Executive is going to use a 'Top-down' approach.
- F. The change will be large and knowledge-driven.
Answer: C,E,F
NEW QUESTION 31
AB uses Johnson, Scholes and Whitiingion's criteria of 'Feasibility and Acceptability' to evaluate potential strategies AB has begun a project to re-engineer its best selling product.
Apply the appropriate criterion to each of the questions below
Answer:
Explanation:
NEW QUESTION 32
HH is an outdoor theatre which is based in the capital city of country N.
Tickets for shows can be booked at the ticket office or online. HH has identified the following critical success factors (CSFs):
* An excellent, online ticket booking system
* Customer satisfaction
Which of the following would be suitable key performance indicators (KPIs) for HH? Select ALL that apply
- A. Profit from sales of snacks and drinks
- B. Percentage of ticket bookings aborted before completion
- C. Number of returning customers each year.
- D. Customer show ratings, scored out of ten
- E. Number of customer complaints
- F. Employee turnover
Answer: C,E
NEW QUESTION 33
Which of the following is NOT a key attribute of a successful stretch target?
- A. Set at a level which is easily achievable.
- B. Staff must understand the reason for the stretch target set.
- C. Encourages ethically responsible behaviour to achieve the stretch target.
- D. Set at a level which motivates staff to perform at their highest level.
Answer: D
NEW QUESTION 34
DD is a medium size company and has decided to appoint a data mining company to collate information from a wide variety of sources and analyse the data into more meaningful information.
The Board of DD believes that by using a data mining company to undertake this work, it will add value to its business and help it to remain competitive.
Which of the following statements does NOT apply to data mining?
- A. Data mining uses statistical analysis tools and other intelligent techniques.
- B. Data mining can guide decision-making and predict future behaviour.
- C. The goal of data mining is the extraction of data.
- D. Data mining involves looking for new patterns and relationships in the underlying data.
Answer: C
NEW QUESTION 35
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