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CIMA Managing Finance in a Digital World Sample Questions:

1. For a business to successfully use big data in its organisation, the development of a digital mindset needs to be in-line with which of the following?

A) Data Manipulation
B) Data Scientists
C) Data Visualisation
D) Data Strategy

2. F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formula. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation's behalf.
Which of the organisation types listed below best describes the organisation that F works for?

A) Partnership
B) Multinational
C) Sole-trader
D) Company

3. Company O has appointed a new CEO who is well known in the industry for making radical changes within the companies that she works for. After her first 9 months in the role, she announced some changes that she wanted to make, starting with the Finance Department. She stressed an intention to focus inwards on improvements to efficiencies and that she was not afraid to make fundamental changes if this is what is required to achieve those improvements. Which of the following is described above?

A) Segregation of the finance function
B) Reconfiguration to market oriented.
C) Relocation of production
D) Business Process Re-engineering

4. Which TWO of the following are important aspects of the product in the marketing mix?

A) Brand image
B) Warranties
C) Sponsorship
D) Distribution
E) Advertising

5. Company E is renewing the IS within the organisation. This new system will enable all employees to access customer information, orders and credit control status to overcome the lack of integration between departments suffered with the previous system. Managers envisage some resistance to the change and want to try to make the transition as smooth as possible. To achieve this, all employees have been invited to share their ideas of what features the new system should include and how they would like the final interface to work. Which of Kotter, Schlesinger and Sache's methods of dealing with resistance is described above?

A) Negotiation
B) Facilitation
C) Education
D) Participation

Solutions: