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CIMA Managing Finance in a Digital World Sample Questions:

1. There are several inter-related activities thought critical in implementing internal marketing. Which THREE are valid?

A) Regular customer surveys
B) Competitor analysis
C) Internal customer segmentation
D) Advertising
E) Social media
F) Internal communications

2. Which of the following gives the correct combination of valid stages in the HR cycle?

A) Selection, performance, appraisal, rewards, training and development
B) Selection, performance, culture, appraisal, rewards, training and development
C) Recruitment, selection, induction, rewards, budgets
D) Selection, culture, recruitment, induction rewards, budgets

3. The finance function of an organisation supports the organisation's strategies and operations.
Which THREE of the following activities are fundamental to the role of the finance function?

A) Customer management and after-sales support
B) Preparation of statutory reports
C) Working capital reporting and control
D) Preparation of plans, forecasts and budgets
E) Supplier selection for a new raw material supplier
F) Recruitment and selection of a new financial controller

4. C Company is a manufacturer of components for the electronics industry. Although enjoying healthy returns in the past, results for the last two years have shown a decline in profit. G has been brought in as the new Operations Manager. In her previous role, she was responsible for turning around a struggling organisation by using process mapping tools and she feels that this approach could also benefit her new company. Which of the following is NOT a feature of process mapping?

A) Develop new improved processes to reduce or eliminate inefficiency
B) Measure how efficiently the process is working
C) Establish what is currently happening and why
D) Identify the most suitable supplier of raw materials

5. LFN is a tuition provider
The finance function has recently migrated all accounting systems onto cloud software which is expected to considerably streamline the existing systems.
The Managing Director is keen to promote the benefits of the new software in terms of increased accuracy of reporting and availability of real time management information.
However, the Finance Director has concerns and is feeling pressured to keep quiet about the ability of the technology to achieve all that is expected Which of the following ethical principles is highlighted within LFN?

A) Confidentiality
B) Objectivity
C) Integrity
D) Professional competence

Solutions: