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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following would be a disadvantage of the use of 'big data'?

A) Increased speed of decision making
B) Increased volume of unstructured data
C) Increased relevance of decisions
D) Increased system requirements

2. Which of the following is an example of sustainability impacting operations management?

A) A company only buys printer paper that has been recycled
B) A company keeps profits within the business for future investment
C) A company sells goods to developing nations
D) A company has a whistle-blowing policy

3. YKF is a manufacturer of candles with world-wide operations.
The finance department within YKF has recently adopted the use of accounting systems that are hosted and operated by an external provider, instead of being in-house.
The technology allows different users to access elements of the accounting software, regardless of location, through either an internet browser or an app on their mobile device What technology has YKF adopted to make its accounting software more flexible?

A) Data Analytics
B) Cloud computing
C) Blockchain
D) Internet of things

4. A financial training company is reviewing its current HR policy in relation to the ongoing training required by all professionally qualified employees. Part of this process will also help to identify individuals suitable for promotion in the near future.
Which element of the HR cycle is described above?

A) Acquisition
B) Development
C) Separation
D) Maintenance

5. AB Company operates a capital intensive production process and cannot quickly add capacity. Which of the following best describes this production strategy?

A) Maintaining a level capacity plan
B) Influencing demand to match production capacity
C) Matching production capacity to demand
D) Forecasting demand and matching this to production capacity

Solutions: