CIMA-SCS Exam Training Practice Tests (Accountant Strategic Case Study)]

Question 1

At least 171•F and immersed water for 30 second

A. Manual Sanitizing B. Manual Wash C. Use In Italian Sausage D. Manual Rinse

Correct Answer: A

Question 2

- Makes sure board meetings are held properly
- Ensures good quality info is going all board members
- Ensures relationship between executive and non-executives are working well
- Evaluates chief exec.'s performance

A. Roles of the chief executive B. Roles of the chairman C. Governance definition D. Roles of NED's

Correct Answer: B

Question 3

155•F

A. 1) seafood, beef steak, pork chopped B. 1 Gallon C. 1) Batch prepared Eggs D. Feathery shape with Strong aroma

Correct Answer: C

Question 4

- Borrow in one currency and deposit money in another currency
- Loan taken out today in R$ and cash converted to E$ today and transferred to Euro bank account and kept there until required
- Interest paid when funds are needed

A. Money Market hedge B. Translation risk C. Types of decisions D. Benefits of netting

Correct Answer: A

Question 5

- Dividends are optional (interest payments are not)
- No need to pay back the capital

A. Advantages of debt over equity financing B. Advantages of earnout C. Advantages of equity over debt financing D. Advantages of share for share exchange

Correct Answer: C

Question 6

Stiff dough: Example (Peanut Butter, Sugar Cookies)

A. Dropped cookie B. Bar style cookie C. Sliced/rolled cookies D. Similar to parsley

Correct Answer: C

Question 7

Tarragon

A. Pointed and green leave B. Narrow leave C. Very small leaves D. Feathery shape with strong aroma

Correct Answer: B

Question 8

Flippers

A. Feathery leaves may be curly or flat B. Both ends are flat C. Both end bulge outwards D. Smooth and Rigid

Correct Answer: B

Question 9

- Long term legal agreement needs to be in place
- Partnering with another to share costs and profits
- Long term commitment required

A. Risks with Joint development B. Risks with inorganic growth C. Risks with organic growth D. Risks with Cost Leadership Strategy

Correct Answer: A

Question 10

- Impacts future audit work if disciplinary hearing needed
- If guilty party identified, need to follow up with police

A. Responses to unethical behaviour B. Aim of confidentiality (elements of strategies) C. Arguments AGAINST using internal audit department in fraud situations D. Arguments for using internal audit department in fraud situations

Correct Answer: C

Question 11

Puddings (Jello Puddings)

A. P B. D C. H D. J

Correct Answer: D

Question 12

Not less then 110•F

A. Manual rinse B. Narrow leave C. Manual sanitizing D. Manual wash

Correct Answer: D

Question 13

- Organic growth
- Inorganic growth
- Joint development

A. Sources of reputational risk B. Porter's generic strategies C. Methods of growth D. Reputational Risk

Correct Answer: C

Question 14

- Implement a write off process for unsellable products
- Destroy defected products
- CCTV system in place
- Visitor log to track who goes in and our of factory

A. Internal controls to prevent fraud B. Responses to unethical behaviour C. Impact of downtime for Daistruk IT system D. Internal controls to prevent stolen data

Correct Answer: A

Accountant Strategic Case Study - CIMA-SCS Exam Practice Test