Free CIMA E3 Exam Dumps Questions & Answers

Company XX and Company YY are the only two providers of electricity to Country M. The demand for electricity is price inelastic which means that buyers regard it as essential and therefore demand for electricity does not change significantly if the average price of electricty changes. However customers will switch between suppliers within a year to get cheaper electricity. Using Game Theory place the long-run revenue impact on each firm of each of the following pricing decisions.

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CIMA has described the two roles of enterprise governance as 'preventing failure' and 'ensuring success'.
CIMA sees 'preventing failure' as being related to having proper risk management and corporate governance procedures in place. CIMA sees 'ensuring success' as being concerned with the practise of strategic management.
Which THREE of the following responsibilities of senior management are essential to 'ensuring success' for the Organization?

• A.Ensuring conformance with the codes of corporate governance.
• B.Providing leadership and direction to the Organization.
• C.Maintaining awareness and responsiveness to abrupt change in the Organization's environment.
• D.Avoiding the dominance of the executive team by particular personalities.
• E.Demonstrating competence in the execution of new initiatives.

An organisation which exists in a fast-changing industry with managers who dislike formal planning would be best suited to using which of the following strategy models?

• A.Freewheeling opportunism
• B.Emergent approach
• C.Rational model
• D.Logical incrementalism

Kanter identified seven 'power skills' that change agents need to overcome apathy or resistance to change.
Which of the following are power skills?
Select ALL that apply.

• A.Ability to keep within a budget.
• B.Ability to develop relationships based on trust.
• C.Ability to collaborate effectively.
• D.Ability to work independently.
• E.Ability to work ethically and sustainably.
• F.Ability to keep projects to a strict time-line.

Which of the following distinguishes a learning curve effect from a learning Organization?

• A.Learning curve effects apply to the factory. Learning Organizations are always service industries.
• B.Learning curve effects increase with time. Learning Organizations cease to learn after a time.
• C.Learning curve effects depend on repetition of the same behaviour. Learning Organizations seek to modify behaviour.
• D.Learning curve effects always reduce costs. Learning Organizations always increase costs.