E1 Revision Mock Exam 2

1. When Finance departments needs Insight from information the key activity they should
carry out is :
A. Influencing
B. Monitoring
C. Controlling
D . Discussing
E. Analysing

2. To reduce the corporate carbon footprint or the impact of the business on the planet is
a goal that comes under :
1. Corporate Governance
2. Mission
3. CSR
4. Technology

3. Preparing annual reports is a part of :

a. Shapes How
b. Narrates How
c. Controls How
d. None of the above

4. Lanka Milkboard is a government authority. Their main purpose is to run the

operations:
a. Efficiently
b. Economicaly
c. Effectively
d. Ethical

5.Checking if marketing is doing the campaign as planned is a part of :

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a. Advise
b. Analyse
c. Assemble
d. None of the Above

6. Which of this is not a pillar of CSR

- Ethical
- Legal
- Philanthropic
- Strategic

7. A NED cannot :
a. Have been an employee within the past 7 years
b. Have been a supplier within the last 8 years
c. Be a NED for 9 years
d. Be getting paid for any work carried out

8 . In information to Impact framework the first step is :

• Assemble
• Apply
• Analyse
• None of the Above

9. Crypto Currency is a part of :

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a. IoT
b. Blockchain
c. Big Data
d. None of the above

10. Which of this is a key part of mobile technology:

a. Decentralised ledger
b. Device connectivity
c. Smart contracts
d. CDMA

11. FinTech is best described as:

a) Presentation technology for better reporting
b) Accounting software such as Cloud based packages.
c) Better data modeling and forecasting software systems.
d) All of the above

12. Which of these are features of Bit Coin ? (Select all that apply)
a) Centralised
b) Authorisation based
c) Cryptographic
d) All of the above

13. Adidas can use Robotics for automating :

a) Production
b) Delivery
c) Financial statement preparation
d) All of the above

14. 4th Industrial revolution includes : (Select all that apply)

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a) Steam Engines
b) Electricity
c) Internet of Things
d) Cloud computing

15. Data Visualisation tools will help to :

a) Serve customers better
b) Record data better
c) Understand the buyer patterns better
d) None of the above

16. What is the 3rd stage of a block chain transaction ?

a) A block is created as a Digital representation of the Transaction.
b) A Transaction is requested.
c) The nodes validate the Authenticity of the transaction
d) The block is sent to every node in the network ( Distributed ledger

17. Step by Step layered manufacturing is a part of ?

a) 2D Printing
b) 3D Printing
c) Robotic Process Manufacturing
d) None of the above

18. Which of these is a violation of CDR:

a) Allowing movie downloading in an unlimited manner at office from torrents
b) Sharing data with universities (Non personal) for research
c) Helping schools with IT labs
d) All of the above

19. What is the role of IoT in finance ? (Select all that apply)

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a) Monitor operations better
b) Real time reporting
c) Data diagram presentation
d) All of the above

20. Which 2 are not consequences of Mobile tech ?

a) Scalable
b) Fast
c) Flexible
d) More Paperwork
e) Instant Visibility
f) Lower customer expectation

21. Which of these are external sources of data :

a) Ledger
b) Payroll
c) Attendance
d) Market stats report from Central bank

22. Which of these are internal sources of data

a) Govt Report
b) Big Data on Delivery Truck performance
c) Report my Market Watch Group
d) None of the above

23. Scalability is not a key feature of Cloud Computing

a) True
b) False

24. The key idea behind block chain is to have a :

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a) Centralized Ledger
b) Structured ledger
c) Decentralized / distributed ledger
d) None of the above

25. Overall Customer buyer patterns will belong to the category of big data :
a) TRUE
b) False

26. Big Data Has 4 Vs. Variability is one of them. TRUE / FALSE

27. Which of these is not a benefit of Big Data

-. Better insights
- Protection of privacy
Both of the above
None of the above

28. Blockchain ensures the system can never be hacked and is 100% fail safe. – TRUE /
FALSE

29. Which of this is not a use of Blockchain :

a. Smart Contracts
b. Bitcoin
c. Phone Alarm connected the vehicle
d. All of the above

30. The modern day finance function shape can be described as a :

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a. Pear
b.Triangle
c. Hexagon
d. None of the above

31. In purchasing, the 'Reck and Long' positioning tool identifies a phase where the Purchasing
dept only responds to purchase requests. This is called :
A. Strategic
B Independent
C Supportive
D Passive

32. An approach that encourages individuals accept a marketing message based on emotional
appeal is known as:

A Guerrilla marketing.
B Viral marketing.
C Experiential marketing.
D Cause marketing.

33. A quality control measure based on high usage of probability distribution and adhering to a
strict error rate is called:

A 5S.
B Quality circle
C Six Sigma
D None of the Above

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34. The unwritten expectations that the organisation and the individual have of each other is
referred to as:

A A valence
B Work/life balance
C The psychological contract
D Expectation management

35. Continous Improvement is a part of

A A shared customer focused outlook
B A JIT philosophy
C CAD and CAM technologies
D Kaizen Approach to Quality

36. Gaining International Standards (ISO) in quality is mainly dependent upon:

A Effective processes for documentation and control.
B A shared quality philosophy.
C Commitment from middle managers.
D Benchmarking customer related performance against competitors.

37. A software management system combining all of a globally diverse organisation's sales,
marketing and
customer support information is known as:

A Distributed data processing (DDP).

B Customer relationship management (CRM).
C A database management system (DBMS).
D A wide area network (WAN).

38. Porter's Supply Chain shows the organisation in terms of:

A The value chains of suppliers, channels and the customer
B Primary activities, support activities and margin
C The technostructure, strategic apex and operating core
D Passive, independent, supportive and integrative approaches to supply

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39. Which of the following is NOT associated with quality management?
A 5-S practice
B 360 degree high quality feedback
C Six Sigma methodology
D Five-why process

40. The system of policies by which an organisation ensures that its stakeholder concerns are
addressed and listened to is known as which of the following?
A Corporate governance
B Corporate social responsibility
C Corporate infrastructure
D Corporate strategic apex

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