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CIMAPRA19-E01-1 Exam - 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?

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Suggested Answer: A, B

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

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Myra
7 months ago
I think product design is where the real expenses hit!
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Rose
7 months ago
Pricing strategies definitely incur costs too.
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Sabrina
7 months ago
Wait, are we sure that's a cost? Seems like a benefit to me.
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Rashad
7 months ago
Totally agree, it's a big investment.
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Bernadine
8 months ago
Improving system design costs a lot!
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Arlette
8 months ago
I vaguely recall that costs of information can relate to various areas, but I can't pinpoint which one is the right answer here.
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Cecilia
8 months ago
I feel like improving system design could be a cost of information, but I also see how the other options might apply.
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Jeniffer
8 months ago
This question reminds me of a practice question about costs related to marketing. I think improving marketing strategies might be a cost, but I'm not entirely confident.
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Elliott
8 months ago
I remember we talked about costs of information in class, but I'm not sure which option fits best.
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Lavonda
8 months ago
Hmm, I'm a bit unsure about this one. The GDPR definition of personal data is tricky, and I want to make sure I get it right. I'll need to re-read that section of the material to refresh my memory before answering.
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Lelia
8 months ago
The key is understanding how the status profile is used to control the order process. I'll focus on that as I work through the options.
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Margo
8 months ago
Hmm, I'm a bit unsure about this one. The LDP discovery process has a lot of details, and I want to make sure I don't miss anything important.
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Isaac
1 year ago
What, no option for 'buying the data from a third-party provider'? That's gotta be one of the biggest costs of information these days!
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Loren
12 months ago
Agreed, it's important to consider all the costs of information.
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Elke
1 year ago
True, it's definitely a major cost for businesses.
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Angelo
1 year ago
Yeah, buying data can be expensive too!
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Skye
1 year ago
D) Improving product design
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Clement
1 year ago
C) Improving pricing strategies
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Zita
1 year ago
B) Improving marketing strategies
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Floyd
1 year ago
A) Improving system design
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Julianna
1 year 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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Roslyn
1 year ago
That could also be a cost of information, as you may need to gather data on market trends and competitor pricing.
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Mozelle
1 year ago
C) Improving pricing strategies
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Craig
1 year ago
I think that could be a cost of information because you need to invest in the infrastructure to collect and process the data.
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Rory
1 year ago
A) Improving system design
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Lorrine
1 year ago
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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Georgiann
11 months ago
D) Improving product design
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Kerry
11 months ago
C) Improving pricing strategies
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Chauncey
11 months ago
B) Improving marketing strategies
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Bette
12 months ago
A) Improving system design
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Abraham
12 months ago
D) Improving product design
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Malcom
12 months ago
C) Improving pricing strategies
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Belen
1 year ago
B) Improving marketing strategies
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Stefania
1 year ago
A) Improving system design
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Ashanti
1 year ago
But what about improving marketing strategies? Wouldn't that also incur a cost for obtaining information?
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Lauran
1 year 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
1 year ago
I agree with Nichelle, because having better systems can help gather and analyze information more efficiently.
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Nichelle
1 year ago
I think the cost of information is improving system design.
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