Free CIMAPRA19-E03-1 Practice Test Questions and Answers (2026) | Cert Empire

Company AA has decided that it needs to improve its strategic decision-making process and is considering implementing Scenario Planning. The Management Accountant has been requested to investigate this further and also to consider how the company can use scenarios to formulate a competitive strategy. Which of the following statements are CORRECT? Select ALL that apply.

VWX manufactures and sells a wide range of products. All these products utilise lenses and digital imaging technologies. VWX is considering how to manage its product portfolio. Management is concerned about two product ranges in particular: cameras and home projectors. VWX's cameras are Single Lens Reflex (SLR) cameras featuring interchangeable lenses and provide detailed, high quality images of objects both at very close range and at considerable distances. VWX has the largest share of the camera market but the market sales are falling as people increasingly use their mobile phone handsets to take and share photographs. VWX has a small share of the home projector market. As a consequence the range is loss making. The home projectors are used to show photographs or films on large wall-sized formats. There is a growing trend for customers to buy home projectors to connect to mobile phones, tablets and games consoles to project the content into a larger image and in order to share it. Which THREE of the following product management strategies should VWX adopt?

GV is a manufacturer and retailer of high quality suede gloves. GV makes all of its sales in country F, and is extremely profitable. After many successful years trading, GV has accumulated significant cash reserves and would like to grow the business organically. After some investigation work, GV has discovered an opportunity to sell leather shoes in country P. Which of the following strategic directions is GV taking if it pursues this opportunity, according to Ansoff's product / market matrix?

Which of the following is NOT one of the main principles contained within the UK Corporate Governance Code?

BBB is a manufacturer of convenience meals. Which of the following could be Weaknesses for BBB? Select ALL that apply.

A resource audit identifies the resources that are available to an Organization and seeks to start the process of identifying competencies. By assessing the results from a resource audit, a company can evaluate how well its resources have been utilised and the efficiency and effectiveness of the Organization's systems. The Ms model is used to help managers undertake a resource audit. Which THREE categories will be included in a resource audit?

According to Johnson, Scholes and Whittington, Suitability is an important consideration when evaluating potential alternative investment strategies. Which of the following is a Suitability consideration?

Which of the following statements would encourage an Organization to use Scenario Planning? Select ALL that apply.

Company MM is wanting to build an out of town shopping complex. This will be located near a busy road which is surrounded by housing estates. MM has yet to obtain planning permission. It recognizes that unless it takes action, the local residents will object to MM's plans. As the Publicity Manager you have been asked to take over responsibility for Stakeholder Management. Which of the following Stakeholder Management statements is NOT correct?

CCC is a local authority based in Country M. A local authority (LA) is a public sector Organization which has administrative responsibilities within a geographical area and is responsible for the provision of a range of public services within its area including schools, leisure, policing and housing. The majority of CCC's income comes from central Government funding. In the last four years, the global economic downturn has resulted in the central Government of Country M having to drastically cut its funding to all LAs. Six months ago, CCC appointed a new Chief Executive who, since his arrival, has attempted to make a number of changes to the Organizational culture and structure of CCC. He has stated that these changes are essential if CCC is to continue to operate effectively within the current economic environment. The Government of Country M has recently announced that all LA's must reduce their overall expenditure from current levels by 15% within the next year. Which of the following types of change is CCC experiencing?