Try CIMA : CIMAPRO15-E03-X1-ENG valid & accurate questions and answers

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. A company's Code of Business Conduct can be rules based.
• B. As a CIMA qualified Management Accountant you must follow CIMA's Code of Ethics.
• C. 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.
• 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. 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.

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

LLL is an international oil and gas exploration company. It is considering investing S300 million in developing new oil fields in Country D.
For this it will need to obtain a license from the government of Country D.
These new oil fields will bring much wealth to Country D because a large proportion of the revenue from the production of oil will be paid to the government as part of the licensing agreement.
However, oil production in Country D will have some undesirable social effects, such as the threat of pollution, congestion to the roads and pressure on local amenities such as housing, electricity and clean water.
Which of the following approaches to stakeholder management should LLL NOT undertake in order to enter Country D?

• A. Develop and circulate a promotional video showing the benefits enjoyed by other countries in which LLL operates.
• B. Commit to improving the local amenities and roads as a part of the application for a license in Country D.
• C. Issue free shares in a Joint Venture to develop oil fields to government ministers from Country D.
• D. Undertake stakeholder mapping to identify the interests of the most powerful players in the decision to grant a license to LLL.

Which of the following would be a suitable performance measure of Internal Business Processes within Kaplan and Norton's 'Balanced Scorecard' model?

• A. Higher P/E ratio.
• B. Reduction in manufacturing cycle times.
• C. Increase in market share.
• D. New products developed.

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