Results are in and I am glad to announce that I passed the S.O exam with 80%  

Now that I am "battle tested" for one exam at least, I feel comfortable enough to offer a tactic I picked up during a Webinar that proved to be great value to me in trying to decipher those scenarios and question.
We all know the official set up which is read the Scenario and attempt the question? For the exam, what I did was read the question FIRST then read the corresponding scenario, and then read the question again before attempting to answer. This helped put the scenario is context.
As for the answers, I would mark a tick next to the statement that I think is right and put a cross next to those that I thought were incorrect. After finishing off all the statements, two things usually stood out. One or two of the answer had a few pluses but one almost always had  3 to 4 false statements so I just picked the best answer out of the two with the most ticks next to them.
When I first took the sample papers I first I did the scenario--> question tactic using the same elimination tactic with the pluses/crosses. Closer to the exam, I used the question>scenario>question method which I think simplified things slightly imho.
I tried both ways using the 2 sample papers (the papers are tough enough that days apart you will forget most of your answers).
Hopefully (at least I hope) this will offer some encouragement those of us in the forum studying for this module!