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The Chartered Institute of Management Accountants (CIMA) is a globally recognized professional body that provides certifications and qualifications in the field of management accounting. One of the certifications offered by CIMA is the E3 Strategic Management certification, which focuses on the strategic management of organizations. The E3 Certification Exam assesses candidates' knowledge and skills in strategic management, making it an essential qualification for professionals who want to excel in their careers.
NEW QUESTION # 18
Select the label which best defines the periods of decline outlined in the situations presented below.
Answer:
Explanation:
NEW QUESTION # 19
RRR is a state-funded hospital serving a major city. It is under political pressure to reduce the waiting times of patients requiring surgical operations who need to stay at the hospital for several nights. The doctors blame a lack of bed spaces and are calling for more investment in extra beds.
You have been conducting some research into the problem and have discovered the following problems affecting the utilisation of the existing beds at RRR:
* many patients stay extra nights due to lack of communication with the health professionals needed to monitor the patients at home
* beds are left empty each day when patients miss their admission date but there are no processes to inform other patients to offer them the space
* patients are admitted on days when there are no spaces available on the special equipment needed to treat their pa Which THREE linkages between Primary Activities in the Value Chain of RRR need to be improved to provide extra bed spaces at RRR?
Answer: B,C,E
NEW QUESTION # 20
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.
Answer:
Explanation:
NEW QUESTION # 21
STU is a hospital that is wholly funded by its national government In the last five years it has seen its funding cut by over 30% due to budgetary pressure on the government, caused by a global recession As a result, the senior management team of STU has had to make some very difficult decisions about prioritising how it spends the funds it receives from the government Its main strategies have been to reduce the number of administration staff and nursing staff by 20%, in order to reduce its costs It has also stopped providing a number of services to patients, including its counselling services and its physiotherapy unit.
Which of the following strategies has STU adopted to manage its reduced funding?
Select ALL that apply
Answer: B,D
NEW QUESTION # 22
As a CIMA qualified Management Accountant working within a manufacturing company, you are subject to both CIMA's Code of Ethics and your company's Code of Business Conduct.
Which of the following statements are TRUE?
Select ALL that apply.
Answer: D,E
NEW QUESTION # 23
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