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CIMA Managing Finance in a Digital World Sample Questions:

1. RT Company produces sub components for the vehicle industry Worldwide changes in government regulation and social attitudes mean that there is an increasing pace of demand for hybrid and electric vehicles B is the long serving finance manager of RT Company. Using various data and information provided by the finance function staff, and experience built up over many years. B is considering how new challenges might be overcome and how opportunities might be maximised by the company In the context of the information to impact framework, which of the following best describes B's overall contribution to the anticipated changes'?

A) Applying
B) Analysing
C) Acumen
D) Assembling

2. Accountants and finance professionals in the future will see the basic routine transactional work reduce with a shift to higher level skills Which of the following best describes business acumen?

A) An ability to understand and be sceptical about the information provided to the business
B) An ability to understand and respond to a wide range of aspects relevant to a business situation
C) An ability to effectively communicate, showing empathy and understanding of individuals in the business
D) An ability to add value through analysing data and provide insight that will help the business.

3. Which of the following is NOT one of the "three V's" of Big Data?

A) Velocity
B) Variety
C) Variability
D) Volume

4. An organisation owned by its customers, generally not-for-profit and in the private sector, is commonly known as which one of the following?

A) Mutual organisation
B) Charity
C) Partnership
D) Sole trader

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

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

Solutions: