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CIMA Managing Finance in a Digital World Sample Questions:

1. A company manufactures electrical goods and has several product lines, all at different stages in the product life-cycle. As each item works through the life-cycle, the emphasis on marketing and price focus changes. Item X currently has an increased emphasis on investment in the product quality and design, with consideration also being given to reducing the sale price. Item X is in which stage of the product life-cycle?

A) Maturity
B) Growth
C) Introduction
D) Decline

2. Which of the following technologies is described as a decentralised, distributed and public digital ledger that is used to record transactions across many computers?

A) Cloud Computing
B) Blockchain
C) Data analytics
D) Big Data

3. C's company wants to increase socially responsible cost effective practices across it's supply chain C who is a member of the finance function has been asked to see how this can be achieved and is going to use the 'information to impact framework* to do this.
Which of the following is the correct order in which the required activities will need to be earned out?

A) Apply. Advise Analyse, Assemble
B) Assemble, Analyse , Advise. Apply
C) Advise. Assemble. Apply. Analyse
D) Analyse. Assemble, Advise. Apply

4. E's manager is concerned about bullying in the organisation and has asked E to report on the situation.
As a result, E has carried out the following work;
* Collected data of the numbers of complaints made
* Produced a bar chart based on incidences in different departments
* Interviewed a sample of employees
* Calculated the cost of employees being away from work sick due to bullying Which of the pieces of work that E has carried out is qualitative analysis?

A) Calculating a financial cost
B) Interviewing a sample of employees.
C) Collecting data of complaints
D) Producing a bar chart of incidences.

5. Which of the following best defines Business Process Re-engineering (BPR)?

A) BPR is the continuous examination and improvement of processes.
B) The main aim of BPR is to save costs.
C) BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.
D) BPR involves fundamental changes in the way the organisation operates.

Solutions: