Free CIMA CIMAPRO19-P03-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRO19-P03-1-ENG exam questions and correct answers

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Total 278 Questions | Updated On: Oct 29, 2024

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Question 1

H Ltdis a company providing postal and courier services to small businesses. Customers pay a monthly or annual subscription fee to use the service, plusaverysmall fee for each item delivered.

A year ago, H employed a newsalesteam. Their remuneration is dependent on the number of new customers they sign up. Sales increased dramatically in the first six months, but nowdifficulties are emerging such as new customers dropping their subscription once the initial period has expired; subscriber direct debits being returned unpaid; subscribers going out of business and other similar issues.

Which of the following would be appropriate to help resolve these problems?

A : ter the pricing structure in order to increase the price for sending each item but decrease the subscription element of the fee.

B : ure that a credit check is carried outbefore a subscriber is accepted.

C : duce the rate of commission payable to any sales person who fails to sign up at least an agreedminimum number of customers each month.

D : ter the commission arrangements so that commission is payable only when the subscriber signs up for a second year.

E : eparing a monthly report for sales persons detailing the performance of each new customer they have signed up over the previous year.

Answer: A,B,D

Question 2

The acronym VPN stands for.

A : rified Private Network

B : rtual Private Network

C : ry Personal Network

D : rtual Personal Network

Answer: B

Question 3

KLtdisan on-line travel agency specialising in budget package holidays to a small number of popular locations. The holidays that it sells are made up of a 'package' of flights, hotel accommodation and food. K Ltd's Finance Director is concerned that the company'sscope of operation is too narrow and wishesto diversify.

IdentifyTWOactions that K Ltdshould take immediately.

A : t up a number of activity holidays; adventure, sports and trekking for example.

B : lk book cruise accommodation and create a special package deal for retired couples.

C : Expand the number of locations it currently serves.

D : -image the locations it currently serves to make them more exotic and family friendly.

E : view the customer base looking at feedback, repeat sales and single visit statistics.

F : gage market researchers to look at future trends in holiday requirements.

Answer: A

Question 4

FGT is evaluating the political risks associated with its operations around the world.

Which of the following would indicate that a particular subsidiary has a high level ofpolitical risk?

A : rthcoming elections in the subsidiary's host country.

B : subsidiary's host country requires the active participation of local partners before the subsidiary can operate.

C : mpany law in the subsidiary host country is lax.

D : subsidiary islocated a considerable distance from FGT's home country.

E : esubsidiary employs a large number of nationals from the host country.

Answer: A,B,C

Question 5

James owns a small company which sometimes suffers from credit risk.

Which of the following measures should he put in place to help reduce this risk?

A : troduce credit checks for new customers.

B : duce the company bank loans.

C : y suppliers' invoices quicker.

D : ok for a loan with a lower interest rate.

Answer: A

Page: 1 / 56

Total 278 Questions | Updated On: Oct 29, 2024

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