Ernst & Young Practice Pack 2023
Are you preparing for an exciting career with Ernst & Young (EY)? Take your preparation to the next level with our exclusive EY Practice Questions and Answers – the ultimate resource to help you ace your assessments and interviews!
Why Choose Ernst & Young Practice Pack 2023
- Trusted Excellence: EY is a globally recognized leader in professional services, setting the gold standard for industry expertise. Our practice questions and answers reflect EY’s commitment to excellence.
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About Ernst & Young online assessment
Ernst & Young (EY), one of the largest professional services firms in the world, commonly uses online assessments as part of their recruitment process. These assessments are designed to evaluate the skills, aptitudes, and competencies of job applicants, particularly for roles in areas such as audit, tax, advisory, consulting, and more.
Exam Format for Ernst & Young Online Assessment
Online Aptitude Tests: These tests are designed to assess your cognitive abilities and problem-solving skills. Common types of aptitude tests include:
- Numerical Reasoning Test: Evaluates your ability to work with numerical data, analyze charts, and make calculations
- Verbal Reasoning Test: Assesses your reading comprehension, language skills, and ability to evaluate written information.
- Logical Reasoning Test: Measures your logical thinking and ability to identify patterns and relationships.
- Situational Judgment Test (SJT): SJTs present hypothetical workplace scenarios and ask you to choose the most appropriate response. These tests assess your judgment, decision-making, and interpersonal skills.
- Behavioral Assessment: This may involve a personality assessment or questionnaire designed to gauge your fit with EY’s culture and values. The purpose is to assess how well your personality aligns with the firm’s expectations and working environment.
- Technical Assessments (for specific roles): Depending on the position you’re applying for, you may be asked to complete technical assessments relevant to the job. For example, if you’re applying for a role in IT or data analytics, you might be tested on your technical knowledge and skills in those areas.
- Case Studies or Business Simulations (for consulting and advisory roles): Candidates for consulting or advisory positions may be given a case study or a business simulation exercise to solve. This assesses your problem-solving abilities and your approach to real-world business challenges.
Ernst & Young Practice Tests and Worked solutions
- How much did the combined revenue from Slot machines and Roulette differ from that of Other table games between 2006-2009 inclusive (in £millions)?
(A) 0.9
(B) 9.0
(C) 9.2
(D) 0.92
(E) None of these
Explanations: Step 1 – Calculate the totals for Slot machines, Roulette, Other table games Slot machines = 1.3 + 1.4 + 1.8 + 1.5 = 6
Roulette = 0.8 + 0.6 + 0.6 + 0.7 = 2.7
Other table games = 4.4 + 4.2 + 4.5 + 4.8 = 17.9
Step 2 – Calculate the difference
17.9 – 6 – 2.7 = 9.2
Step 3 – Put into £millions = 0.92
Thus the correct answer is (D) 0.92
2. What was the average amount gambled on Slot machines in 2007 by each individual who attended Calewall casino?
(A) £90.00
(B) £9.00
(C) £0.90
(D) £900.00
(E) £0.09
Explanations: Step 1 – Amount gambled/No of people = 140,000 / 1,520,000 = £0.09
Thus the correct answer is (E) £0.09
3. What will be the average annual change in attendance at Calewall casino across the years 2006-2010 if the 2010 prediction proves to be accurate?
(A) 47,500 decrease
(B) 53,500 decrease
(C) 52,500 increase
(D) 47,500 increase
(E) 53,500 increase
Explanations: Step 1 – Calculate the yearly change in attendance
2007 = 0.6 increase
2008 = 1.1 increase
2009 = 0.5 increase
2010 prediction = 0.3 decrease
Step 2 – Calculate the average yearly change in attendance (0.6 + 1.1 + 0.5 – 0.3) / 4 = 0.475 (100,000s) = 47,500
Thus the correct answer is (D) 47,500 increase
4. Calewall casino is subject to a takeover bid of 7 times its 2010 projected casino revenues. The Board responds that it can deliver 10% added value through cost-cuttings to this purchase price. What valuation is the Board putting on Calewall casino (in £ millions)?
(A) £48.51 million
(B) £44.1 million
(C) £4.85 million
(D) £4.41 million
(E) £6.3 million
Explanations: Step 1 – 2010 projected casino revenues = 4.7 + 1.1 + 0.5 = 6.3 6.3 x 7 = 44.1
44.1 x 110% = 48.51 (£100,000s)
Thus the correct answer is (C) £4.85 million
5. What was the average amount gambled on Slot machines in 2007 by each individual who attended Calewall casino?
(A) £90.00
(B) £9.00
(C) £0.90
(D) £900.00
(E) £0.09
Explanations: Step 1 – Amount gambled/No of people = 140,000 / 1,520,000 = £0.09
Thus the correct answer is (E) £0.09
6. What is the number of shares not held by Directors of Leutts (as of 30 April 2009)?
(A)25,620
(B)6,850
(C)43,500
(D)4,880
(E)Cannot tell from data
The data you need is in both the pie-chart and the table.
Step 1 – The pie-chart shows that 16% of Directors hold shares, so 100 – 16 = 84% do not hold shares
Step 2 – Calculate the total number of director shares at 30 April 2009
Thus the correct answer is (A) 25,620.
7. Which Director has bought or sold the largest number of shares across the 2-month period shown?
(A)Geoffrey Yates
(B)Trudy Stupples
(C)Samantha Hoxton
(D)Susan Preddy
(E)Tobey Gilham
Step 1 – The largest number of shares can be found by calculating the differences in shareholdings between the periods 1st April – 30 April and 30 April – 31st May.
Thus the correct answer is (B) Trudy Stupples
8. If Tobey Gilham sells half of his shareholding at 31 May 2009 at £45 per share, how much is this trade worth?
(A)£3,690
(B)£18,250
(C)£18,450
(D)£9,230
(E)£36,900
Step 1 – From the table, Tobey Gilham holds 820 shares at 31 May 2009 820 / 2 = 410 shares at £45 per share
£45 x 410 = £18,450
Thus the correct answer is (C) £18,450
9. Which of the following statements is true?
(A)Current employees and Directors owned 40% of Leutts shares on 30 April 2009
(B)The largest Director share dealing was 1,440 shares
(C)Directors held 4,870 shares in total on 30 April 2009
(D)Tobey Gilham held the most shares of any Director on 1st April 2009
(E)Each Director has less shares on 31 May 2009 compared to 1st April 2009
Explanations: Step 1 – Go through checking whether each answer option is true or false
Note 1 – Current employees and Directors owned 37% of Leutts shares on 30 April 2009 – not 40%. FALSE
Note 2 – The largest Director share dealing was 1440 shares which Trudy Stupples bought between 30 April – 31st May. TRUE
Note 3 – Directors held 4,880 shares in total on 30 April 2009 – not 4870 shares. FALSE
Note 4 – Trudy Stupples held the most shares of any Director on 1st April 2009 – not Tobey Gilham. FALSE
Note 5 – Each Director does not have less shares on 31 May 2009 compared to 1st April 2009 – Trudy Stupples has more shares. FALSE
Thus the correct answer is (B) “The largest Director share dealing was 1440 shares”
10. If Leutts shares are worth £52 on 30 April 2009, then what is the share valuation of the entire company?
(A)£1,686,000
(B)£1,588,000
(C)£1,566,000
(D)£1,586,000
(E)£1,856,000
Step 1 – Total number of Director shares = 4,880 This represents 16% of the total shares
So, 100% = 4880 x 100 / 16 = 30,500
Company share valuation = 30,500 x £52 = £1,586,000
Thus the correct answer is (D) £1,586,000