CIMA CIMAPRO15-E03-X1-ENG Value Pack (Frequently Bought Together)

DF Company is undertaking a strategic review of its activities and has asked you to explain how a Force Field analysis would assist in the review process.
Which of the following statements would be most appropriate?

• A. Identify influential senior managers who will drive through changes in DF's strategic direction.
• B. As part of DF's strategic review, identify forces facilitating the need for proposed change.
• C. Identify forces facing DF's activities that may create barriers and resistance to change.
• D. Provide a framework for identifying forces for and against the proposed changes within DF.

YZ operates a national mobile phone (cell phone) network in one country. It is considering upgrading its network to 4th Generation (4G) by providing an improved bandwidth that will enable its customers faster access to the Internet.
This investment will cost S29 million which YZ's institutional investors have agreed to provide by subscribing to a rights issue. This is due to management having informed institutional investors that a rival is already offering
4G and that this is taking customers away from YZ because its network is now regarded as too slow. YZ's remaining customers have shown a willingness to pay extra for 4G and overall the investment will have a positive net present value.
Which of the following statements are correct? (Choose all that apply.)

• A. There are sufficient investment funds available
• B. YZ will gain a first mover advantage.
• C. There is stakeholder approval for the investment.
• D. It provides a market development opportunity for YZ.
• E. It is essential given the strategic threats to YZ.

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

HHH is a manufacturer which has a bonus scheme for its production workers related to the speed of output.
HHH's products are very specialized and are made in a dangerous production environment. HHH's production workers usually work alone but sometimes, if there are problems in the production environment (for example, machinery breakdowns), they have to work in teams. When the production workers are working in teams they do not receive any bonus.
HHH's senior management is proposing to amend the current bonus scheme to encourage increased productivity. Under the current bonus scheme, production workers receive extra pay when they achieve 45% of their individual target: The target level is low because of the dangerous production environment and the need to occasionally work in teams.
Under the proposed bonus scheme, production workers will not receive any extra pay until they have achieved
90% of their individual target. Workers who achieve 90% or above of their individual target will be paid a 30% higher bonus.
Which THREE of the following problems is HHH most likely to encounter with the introduction of the proposed bonus scheme? (Choose three.)

• A. There could be a rise in the level of workplace accidents.
• B. The extra production output will lead to an increase in inventory.
• C. Production workers could consider the new target as unachievable.
• D. The proposed bonus scheme conflicts with health and safety legislation.
• E. Production workers will not be motivated by the proposed level of bonus.

When FarmCot Foods was founded five years ago, it was a small shop set up by a family of dairy farmers in a disused farm shed, selling their own produce to the local community. The family had decided, at that point in time, to diversify their dairy farming activities into also selling their own milk, cheese and ice cream products.
The aim was to increase their revenues, as dairy farming in their home country had been in decline for a number of years.
Since then, the shop has been very successful and has expanded rapidly over the last three years, due largely to a strong growth in tourism in its home country and a shift in consumer demand for locally sourced fresh farm products. FarmCot Foods is now located in a large purpose-built building on the site of the original farm shed and also operates a very popular cafa, a children's play area and sells a much wider range of products and gifts, which are all sourced from local suppliers.
Which of the following best describes FarmCot Foods approach to strategy development in the last five years?

• A. Emergent
• B. Freewheeling opportunism
• C. Rational
• D. Incremental

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