Free E1 Exam Braindumps
Managing Finance in a Digital World Questions 96–100 (page: 21)

Updated On: 10-Feb-2026

Running shoe manufacturer Bo Joggs have a long established method to ensure their product is right first time. The aim is to reduce the amount of quality checking. Internal processes and procedures are closely

monitored so that the running shoes are of the highest standard before going to market.

What are Bo joggs likely to do to ensure this quality is maintained?

Select ALL that apply.

  1. Use the highest quality fabric.
  2. Employ skilled shoemakers.
  3. Train staff.
  4. Have the best quality shoe-making machinery.
  5. Use a Kaizen method of production.
  6. Adopt the Pa re to rule.

Answer(s): A,B,C,D



An electrical goods company produces colourful brochures for customers.

Which element of the marketing mix does this represent?

  1. Physical evidence
  2. Product
  3. Price
  4. Packaging

Answer(s): A



Lancaster and Withey (2003) identifies five steps in consumer decision making. Which THREE are valid?

  1. The purchase decision
  2. Evaluation of the sellers website
  3. Need/problem recognition
  4. Post purchase evaluation
  5. The sale decision

Answer(s): A,C,D



DTR is a publishing company specialising in the production of technical journals and product specifications

Because of the volumes of information required to run the business effectively, the finance function of the company is considering migrating to cloud based technologies.

Which of the following is most likely to be a benefit of such a move for the company?

  1. Periodic system updates
  2. Established work patterns
  3. Improved version control
  4. Access to stand alone systems

Answer(s): D



Which of the following is an advantage of a functional organisational structure?

  1. There is a clear career path for employees to work their way up through.
  2. The owner has a greater level of control over the workforce and all decisions.
  3. The structure is easily adapted for further diversification.
  4. It encourages teamwork and the exchange of opinions and expertise.

Answer(s): A



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