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E1 - Managing Finance in a Digital World

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CIMA E1 Questions Answers

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E1 Questions and Answers

Question # 1

Which TWO of the following are non-incorporated organisations?

A.

K, who runs a business alone and is entitled to all profits

B.

P and Q who share joint responsibility for their business and all its debts

C.

MN, a family-owned business sharing profits by means of dividends

D.

XY, an organisation whose owners can trade their shares publicly

E.

The British Red Cross Society, a well known charity

Question # 2

The development of a Corporate Digital Responsibility (CDR) strategy is increasingly common in modern business and will include 5 key areas including customer expectation

Which of the following best describes customer expectation in this context?

A.

Ensuring all members of society have the skill, tools and ability to access the online digital world

B.

Sharing data in a benevolent way to help society, this could help inform choices and improve management of information

C.

Using data in a responsible and secure way that is in line with customer and employees expectations.

D.

The need for transparency around the use of data and the ability to opt in and be rewarded for sharing data

Question # 3

Which TWO of the following relate to corporate social responsibility (CSR) rather than corporate governance?

A.

Achievment of high levels of degradable packaging

B.

 Eliminating discrimination in company advertising

C.

Safeguarding against decision making being dominated by one person

D.

Independently determined remuneration based on clear criteria

E.

Strong accountability through a board of directors

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