CIMA Exam CIMAPRA19-E01-1 Topic 6 Question 64 Discussion

Actual exam question for CIMA's CIMAPRA19-E01-1 exam

Question #: 64
Topic #: 6

[All CIMAPRA19-E01-1 Questions]

Which of the following is a cost of information?

AImproving system design

BImproving marketing strategies

CImproving pricing strategies

DImproving product design

Show Suggested Answer

Suggested Answer: A, B

by Colette at Jan 10, 2023, 02:51 AM

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Julianna

19 hours ago

Improving system design sounds like it could be a cost of information, since you need to invest in the infrastructure to collect and process the data. But I'm not totally confident in that answer.

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I'm not sure, but I think the cost of information would be things like the hardware, software, and personnel needed to manage and analyze the data, not the costs of using that information to improve business strategies.

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Ashanti

9 days ago

But what about improving marketing strategies? Wouldn't that also incur a cost for obtaining information?

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Lauran

9 days ago

Hmm, I feel like the cost of information would be more related to the maintenance and storage of data, not things like marketing or product design. Those are more costs of business operations.

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Daniel

10 days ago

I agree with Nichelle, because having better systems can help gather and analyze information more efficiently.

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Nichelle

12 days ago

I think the cost of information is improving system design.

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CIMA Exam CIMAPRA19-E01-1 Topic 6 Question 64 Discussion

Contribute your Thoughts:

Julianna

Lorrine

Ashanti

Lauran

Daniel

Nichelle