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E1 Exam Dumps - Managing Finance in a Digital World

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Question # 17

A new Team Leader in Internal Audit has been asking team members about tasks that they do not think are part of their responsibility as they go beyond compliance with legislation. You are preparing a response to this to include an explanation of the requirements of a social audit. Which of the following would you include in your response?

 

Select ALL that apply.

A.

Observance of equal opportunities beyond that required by legislation

B.

Ethical investment decisions

C.

Use of sustainable raw materials

D.

Adequacy of audit trail

E.

Existing and potential management weaknesses and ways to rectify them

F.

Operation of risk management process(es)

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Question # 18

Company XYZ has just launched an innovative technology device, designed to appeal to those consumers who want to be seen with the latest products. Which of the following pricing strategies would be most suitable at the time of the product's launch?

A.

Penetration pricing

B.

Cost-plus pricing

C.

Captive pricing

D.

Skim pricing

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Question # 19

Offshoring may be successful when which of the following applies?

A.

There are fewer cultural differences

B.

There are low transaction volumes

C.

There are high task complexities

D.

There are high cost transactions

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Question # 20

La Vie En Rose was the latest perfume from the popular and well known perfumery, Lola. In almost every high quality magazine there was an advert featuring a famous actress and produced by a well known director. A

few weeks after launching, La Vie En Rose became the top selling perfume.

At the same time, another perfume called Amber launched from a smaller company and only appeared in a few advertisements and the perfume doesn't sell well.

In a blind test, where participants tried both Amber and La Vie En Rose, it was found that La Vie En Rose was the most popular choice.

Which orientation did La Vie En Rose use and why was it more successful than the Amber perfume?

A.

La Vie En Rose focused primarily on the selling and promotion of a product.

B.

The perfumery based their marketing around customer needs.

C.

The perfumery were chiefly concerned with the quality of La Vie En Rose.

D.

They specialised in producing as much as possible of a given product or service.

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Question # 21

F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formula. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation's behalf. Which of the organisation types listed below best describes the organisation that F works for?

A.

Sole-trader

B.

Company

C.

Partnership

D.

Multinational

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Question # 22

TJD is a national retailer of garden accessories and a FTSE 350 company It is currently establishing a remuneration committee

According to the UK Corporate Governance Code what is the minimum number of non-executive directors TJD's remuneration committee should be

made up of?

A.

At least 7

B.

least 3

C.

At least 2

D.

At least 5

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Question # 23

Which of the following are types of primary research? Select ALL that apply.

A.

Interviews

B.

Questionnaires

C.

Observation

D.

Test marketing

E.

Trade associations/professional bodies

F.

National and local press

G.

Industry magazines

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Question # 24

The finance function of an organisation supports the organisation's strategies and operations.

 

Which THREE of the following activities are fundamental to the role of the finance function?

A.

Recruitment and selection of a new financial controller

B.

Preparation of statutory reports

C.

Preparation of plans, forecasts and budgets

D.

Working capital reporting and control

E.

Supplier selection for a new raw material supplier

F.

Customer management and after-sales support

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