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CIMA Managing Finance in a Digital World Sample Questions:

1. A is developing a new mission statement. Which TWO of the following should NOT be included?

A) Detailed values such as respect, integrity, diversity, teamwork and innovation.
B) The main purpose of A.
C) The main business A is concerned with.
D) What will be achieved in 20 years' time.
E) A brief summary of A's values and beliefs.

2. A management accountant vacancy has arisen in the Finance Department of HJ Company. The Finance Manager is preparing the necessary paperwork for the recruitment process and is currently working on the person specification. He has contacted the company's Human Resource Department to ask for advice on which THREE of the following he should include in the person specification:

A) The purpose and title of the job
B) Salary range
C) Background and circumstances
D) Special attributes
E) Attainments
F) The job environment

3. Which THREE of the following areas would be improved by an organisation using a Customer Relationship Management (CRM) system?

A) Inventory management
B) Sales
C) Operations
D) Marketing
E) Customer service
F) Budgeting

4. An organisation has grown in size over the last 6 months and it wishes to improve communication with its employees. Examples of information to share include company policies, human resource information and notices to employees.
Which type of system should the company adopt?

A) Video conferencing
B) Internet
C) Intranet
D) Extranet

5. Which of the following is the main reason for the growing demand for Big Data by organisations?

A) Gaining a competitive advantage
B) Improving privacy and security
C) Improving supplier relationships
D) Allowing remote working

Solutions: