Online Access Free E3 Practice Test

TTT is a software design company which has grown successfully over the last 8 years. It has been highly innovative and often collaborates with a number of external partners to produce high quality, innovative software for a wide range of customers.
TTT's owner, K, has been a driving force behind its success. He spends a great deal of time analysing what is happening in the marketplace and trying to predict what customers need from TTT, through a network of industry contacts. He has a strong vision for TTT and communicates this, with conviction, to his staff in regular face to face meetings. He recognises and rewards his staff when new developments are undertaken and completed successfully and believes that if staff feel appreciated, then they will be more motivated to succeed.
Which THREE of the following skills for a leader in a change adept Organization does K demonstrate?

• A.Learning to persevere
• B.Tuning into the environment
• C.Communicating a compelling aspiration
• D.Building coalitions
• E.Making everyone a hero

CIMA has described the two roles of enterprise governance as 'preventing failure' and 'ensuring success'.
CIMA sees 'preventing failure' as being related to having proper risk management and corporate governance procedures in place. CIMA sees 'ensuring success' as being concerned with the practise of strategic management.
Which THREE of the following responsibilities of senior management are essential to 'ensuring success' for the Organization?

• A.Avoiding the dominance of the executive team by particular personalities.
• B.Demonstrating competence in the execution of new initiatives.
• C.Providing leadership and direction to the Organization.
• D.Ensuring conformance with the codes of corporate governance.
• E.Maintaining awareness and responsiveness to abrupt change in the Organization's environment.

Management Accountants increasingly play a key role in strategic planning.
Which of the following statements is NOT a role for Management Accountants involved in the strategy development process?

• A.Consider and raise awareness of the ethical impact of proposed strategic decisions.
• B.Writing the Annual Report.
• C.Integration of financial and non-financial information.
• D.Assist the Board in determining risk appetite.

RST is a company specializing in the production of wood-based products. RST has decided to introduce a fully integrated Information System across all divisions in order to improve knowledge sharing throughout the business and enhance customer relationship management.
RST is expecting resistance to the integrated Information System from it's staff who are key to the business and would be difficult to replace. Staff have a good understanding of why the new system and knowledge sharing is needed and how the system will work but many staff are not happy about the potential changes to their working conditions.
Which of the following change leadership styles, as outlined by Kotter and Schlesinger, would be most appropriate for RST to adopt?

• A.Manipulation
• B.Coercion
• C.Negotiation
• D.Education

Country W hosts a large music competition every 5 years, which is attended by many international musicians.
The success of the competition is dependent upon effective Customer Relationship Marketing being established with many different market groups around the world. These include music colleges who send their students, broadcasting companies who broadcast the event on radio and television, audience members, online ticket sellers and music journalists who write about the competition in specialist journals.
Using Payne's 'Six Markets Model', which of the following is the correct classification for the music journalists writing about the competition?

• A.Influence market
• B.Referral market
• C.Customer market
• D.Supplier market