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CIMA E3 - Strategic Management Question Tutorial Sample Questions:

1. An organization must acquire suitable hardware and software in order to implement a knowledge management strategy so that knowledge can be stored and communicated.
Which of the following would be appropriate systems to use in a knowledge management strategy? (Choose all that apply.)

A) Internet
B) Groupware
C) Intranet
D) Ledgers and journals
E) Social media
F) Local area network

2. HH is an outdoor theatre which is based in the capital city of country N.
Tickets for shows can be booked at the ticket office or online. HH has identified the following critical success factors (CSFs):
An excellent, online ticket booking system
Customer satisfaction
Which of the following would be suitable key performance indicators (KPIs) for HH? (Choose all that apply.)

A) Employee turnover.
B) Profit from sales of snacks and drinks.
C) Number of returning customers each year.
D) Percentage of ticket bookings aborted before completion.
E) Number of customer complaints.
F) Customer show ratings, scored out of ten.

3. SSS University wishes to introduce a new Car Park Management Strategy (CPMS). The aim of this strategy is to reduce the use of private cars and to encourage sustainable transport, such as cycling and public transport, by staff and students. SSS has decided to reduce the number of car parking spaces and introduce parking charges.
The Management Accountant has decided to use the Balanced Scorecard to help prepare a performance management system to assess the performance of the new CPMS.
Which of the following is an example of the Innovation and Learning perspective of a Balanced Scorecard for SSS?

A) Speed of processing the payment for parking charges.
B) Number of days of training for car park attendants.
C) Easy access to car parking spaces.
D) Reduction in complaints from customers.

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

5. Which of the following statements is NOT a role for Management Accountants involved in the strategy development process?

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

Solutions: