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CIMA CIMAPRO15-E03-X1-ENG Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Strategic Choices | - Corporate strategy
|
| Strategy Implementation | - Change management
|
| Strategy Formulation | - Strategic analysis of external environment
|
CIMA E3 - Strategic Management Question Tutorial Sample Questions:
1. BCA is a long established international airline. Which of the following represent Threats to BCA's business?
(Choose all that apply.)
A) A substantial rise in the price of oil.
B) A shortage of trained pilots in BCA.
C) Greater popularity of long-haul holidays.
D) A sudden increase in international terrorism.
E) A higher level of private car ownership.
2. 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 have regard for the interests of the company's employees.
B) To consider the likely consequences of any decision in the long term.
C) To focus only on maximizing company profits.
D) To be responsible for keeping all external stakeholders satisfied.
E) To avoid conflicts of interest and of duties.
3. DRAG DROP
LMN is a fast food manufacturer that makes 'Ready-meals'.
Place the appropriate stage of the Value Chain against each of the activities below:
Select and Place:
Correct
4. 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) Incremental
B) Freewheeling opportunism
C) Emergent
D) Rational
5. RRR is a medium sized company, which has built family homes in Country D' for twenty years. The Board of RRR wishes to expand company operations and start building homes in the neighboring country. The Board of RRR wishes to undertake a position audit to help in this decision.
Which of the following strategic analysis tools would be used in a position audit for RRR?
A) PEST
B) Gap Analysis
C) SWOT
D) Five Forces
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: A,B,E | Question # 3 Answer: Only visible for members | Question # 4 Answer: C | Question # 5 Answer: C |
