CIMA CIMAPRO15-E03-X1-ENG valid exam dumps : E3 - Strategic Management Question Tutorial

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CIMA CIMAPRO15-E03-X1-ENG Exam Syllabus Topics:

CIMA E3 - Strategic Management Question Tutorial Sample Questions:

1. Which of the following would be likely to encourage an organization to use Scenario Planning? (Choose all that apply.)

A) The organization often experiences 'group-think', leading to a narrow view of the future.
B) The organization has not previously experienced any major surprises or expensive strategic mistakes.
C) Competitor's are increasingly using Scenario Planning as part of their strategy formulation process.
D) The organization has achieved all of its objectives and operates within a stable external environment.
E) Uncertainty in the industry is high, relative to management's ability to predict or adjust to change.

2. HHH is an international distribution company which operates a number of large distribution warehouses. HHH employs over 10,000 staff who operate the warehouses 24 hours per day and process over 500,000 packages and parcels each day. HHH operates in a highly competitive market and the senior management team recognize the importance of focusing upon its Critical Success Factors (CSF's). However, some senior managers are confused as to the difference between CSF's and Key Performance Indicators (KPI's).
Which of the following are Critical Success Factors for HHH? (Choose all that apply.)

A) Percentage of stock damaged.
B) Time taken to load and unload deliveries.
C) Market share percentage.
D) Continual maintenance of warehouse facilities.
E) Customer satisfaction.
F) Efficient staff planning systems.

3. 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) 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.
B) As a CIMA qualified Management Accountant you must follow CIMA's Code of Ethics.
C) A company's Code of Business Conduct can be rules based.
D) Both CIMA's Code of Ethics and the company's Code of Business Conduct must be based on a set of basic principles.
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.

4. A is a private healthcare organization aiming to provide affordable and accessible high quality patient services.
A is introducing Big Data, which has not yet been adopted by the competition. A's database will store a huge amount of information about its patients. Clear access to wide sources of accurate information will enable patients to make more informed choices. Patients will be able to compare not only the prices of drugs, treatments and physicians but also their relative effectiveness.
Which of the following concerns should A have about its use of Big Data?

A) Lack of competitive advantage
B) Veracity of information
C) Privacy issues
D) Variety of information

5. Directors have a duty to shareholders and other stakeholders and are required to promote the success of the company.
Which THREE of the following are valid roles and responsibilities of directors? (Choose three.)

A) To be responsible for keeping all external stakeholders satisfied.
B) To focus only on maximizing company profits.
C) To consider the likely consequences of any decision in the long term.
D) To avoid conflicts of interest and of duties.
E) To have regard for the interests of the company's employees.

Solutions: