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E1 Exam Dumps - Managing Finance in a Digital World

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Question # 25

Which of the following is a benefit to the employer of remote working?

A.

Reduced cost of commuting

B.

Ease of balancing work/life commitments

C.

Privacy to the individual

D.

Increased employee motivation

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Question # 26

Who is responsible for the strategic leadership of the finance team?

A.

Chief Executive Officer

B.

Management Accountant

C.

Chief Finance Officer

D.

Financial Accountant

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Question # 27

More and more organisations are developing their supply chain networks by building closer links with suppliers. Which THREE of the following are considered to be features of this trend?

A.

Early supplier involvement

B.

In-house resolution of design problems

C.

Computer systems linked to customers

D.

Price and inventory co-ordination

E.

Supplier representative on site

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Question # 28

Inventory control, which maintains a low level of inventory, is important to ensure which of the following?

A.

Low holding costs

B.

Uninterupted production 

C.

Continual customer satisfaction

D.

High level of redundant stock

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Question # 29

There are many stakeholders who have an interest in an organisation.

Which TWO of the following are connected stakeholders?

A.

Shareholder

B.

Customer

C.

Government

D.

Trade union

E.

Employee

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Question # 30

It is important to assess the contribution made by the finance function. If a balanced scorecard approach is used, which of the following categories would utilise the measure of staff turnover?

A.

Customer satisfaction

B.

Enhancement of internal processes

C.

Financial

D.

Learning and growth

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Question # 31

Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?

A.

Purchasing managers are involved in strategy development.

B.

Competitive strategies rely on the effectiveness of organisational purchasing.

C.

Suppliers are viewed as vital partners.

D.

Supply is obtained at the best price once requested by departments.

E.

Timely information about product prices and availability can be obtained through organisational systems.

F.

Efficiency is at least equal to other organisational operations such as payroll and invoicing.

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Question # 32

YZ Company has grown rapidly and has recently recruited a finance director to set up a more structured finance function. During this process care will be needed to ensure effective lines of communication between different disciplines within the whole function and to recognise the interdependencies.

 

Which of the following are examples of the interdependence of elements of the finance function?

 

Select ALL that apply.

A.

Variance analysis reporting

B.

Taxation management

C.

Budget management

D.

Management reporting

E.

Statutory financial reporting

F.

Internal auditing

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