Expert Answers to CIMA Exam E3 Questions

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CIMA Strategic level Strategic Management

Strategic Management

Last Update May 6, 2024
Total Questions : 280

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Questions 4

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?

Options:

Data mining involves looking for new patterns and relationships in the underlying data.

Data mining can guide decision-making and predict future behaviour.

Data mining uses statistical analysis tools and other intelligent techniques.

The goal of data mining is the extraction of data.

Discussion 0

Questions 5

Which of the following is NOT a use of the Value Chain?

Options:

Give managers a deeper understanding of precisely what their Organization does.

Implement changes to protect key processes.

Identify the key processes within the business that add value to the end customer.

Identify the non-value added processes.

Discussion 0

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Questions 6

Which THREE principles are explicitly named in the CIMA Ethical Code for Management Accountants Part A?

Options:

Objectivity

Professional Competence and Due Care

Integrity

Privacy of Information

Correct Personal Behavior

Discussion 0

Questions 7

ZYX is a global hotel chain, employing over 10,000 staff worldwide. ZYX operates a Code of Conduct for all of its staff, which states “Our staff are the most important assets of our business operations. We expect the highest standards of ethical and professional conduct from all staff, who must display the principles of trust, respect, equality, integrity and fairness at all times.”

Which THREE of the following actions could ZYX take to positively influence its staff to work to the ethical and professional principles in its Code of Conduct? (Choose three.)

Options:

Disciplinary actions, such as fines, for staff who do not display high ethical and professional standards.

Publication on its website of ZYX's Code of Conduct and regular examples of staff displaying the highest standards of professional conduct.

Induction and on-going staff training on ZYX's Code of Conduct and ethical and professional principles.

Interview process for staff prior to employment, to assess their understanding of ethical and professional behavior.

Set performance targets in diversity and equality for its hotel senior managers.

Operate a system of reward incentives for staff who display high ethical and professional standards.

Discussion 0

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