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CIMA Managing Finance in a Digital World Sample Questions:

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

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

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

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

4. At which stage of a systems development lifecycle is systems architecture considered?

A) Feasibility
B) Systems design
C) Implementation
D) System review

5. Mr W wants to replace the family car. The cost of repair is becoming prohibitive so he has agreed with his wife to buy a new vehicle.
Put the tokens below in the correct order to demonstrate the stages in the buying process, according to Lancaster and Withey.

Solutions: