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E1 Exam Dumps - Managing Finance in a Digital World

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Question # 33

Company A works closely with its customers, suppliers and other business partners. It securely shares part of its private network with this group of stakeholders

Which of the following best describes the type of network that Company A operates?

A.

An internet

B.

An intranet

C.

An extranet

D.

A database

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Question # 34

Which of the following best describes a digital mindset?

A.

Understanding the concept of seeing beyond the individual elements of digital change

B.

Thinking shaped by the process of collecting organisation and analysing a large set of data to discover patterns.

C.

Understanding the process of harvesting data from source databases and locations

D.

Interpreting data that is analysed digitally to understand its content, formats, and structure

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Question # 35

There are four types of quality cost - prevention, appraisal, internal and external failure. Which of the following provides the best description for an external failure cost?

A.

The cost to repair a machine that has broken down

B.

The cost of training staff

C.

The cost of inspecting finished goods

D.

The cost of repairing products returned by customers

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Question # 36

A high volume operation is likely to be characterised by which of the following?

A.

High capital intensity

B.

High labour pay rates

C.

High labour flexibility

D.

High cost inputs

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Question # 37

Accountants and finance professionals in the future will see the basic routine transactional work reduce with a shift to higher level skills

Which of the following best describes business acumen?

A.

An ability to add value through analysing data and provide insight that will help the business.

B.

An ability to effectively communicate, showing empathy and understanding of individuals in the business

C.

An ability to understand and respond to a wide range of aspects relevant to a business situation

D.

An ability to understand and be sceptical about the information provided to the business

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Question # 38

Which of the following are types of connected stakeholders? Select ALL that apply.

A.

Customers

B.

Shareholders

C.

Banks

D.

Suppliers

E.

Managers

F.

Employees

G.

Board members

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Question # 39

Company P is a recruitment agency specialising in placing accountancy and legal personnel in employment. A large part of the role of the agency is to meet the prospective individuals in order to ensure they are placed in the most appropriate roles.

 

Which THREE elements of the marketing mix relate specifically to the type of business described, to a greater extent than would apply to a manufacturing company?

A.

People

B.

Processes

C.

Physical evidence

D.

Promotion

E.

Price

F.

Product

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Question # 40

Which area of a Finance Manager's job role do the following tasks fit into?

Place the appropriate role against the task.

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