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CIMA Managing Finance in a Digital World Sample Questions:

1. Company E is renewing the IS within the organisation. This new system will enable all employees to access customer information, orders and credit control status to overcome the lack of integration between departments suffered with the previous system. Managers envisage some resistance to the change and want to try to make the transition as smooth as possible. To achieve this, all employees have been invited to share their ideas of what features the new system should include and how they would like the final interface to work. Which of Kotter, Schlesinger and Sache's methods of dealing with resistance is described above?

A) Negotiation
B) Facilitation
C) Education
D) Participation

2. Which of the following best describes the 'passive stage' of purchasing?

A) Purchasing is independent of corporate strategy
B) Purchasing integrates latest practices and technology
C) Purchasing has no strategic direction
D) Purchasing is concentrated on price negotiation

3. M works in the finance function of S Company, a logistics and distnbution organisation M has been asked to assist in narrating how the company has performed by collating the regular six monthly review for distribution to shareholders Which of the following finance function activities best describes the activities M is likely be involved in?

A) Qualitative analysis
B) Sales forecasting
C) Corporate reporting
D) Quantitative analysis

4. L and M are setting up a business offering guided hiking holidays in national parks throughout the world. The price of the holidays will include airfares and accommodation; their initial research shows that there will be a huge variability in the cost of both.
What type of pricing will be appropriate for their holidays?

A) Skim pricing
B) Loss leader pricing
C) Price discrimination
D) Penetration pricing

5. Which of the following will mean a company has breached a General Data Protection Regulation (GDPR) principle'?

A) Data has been deleted after it is no longer required
B) Data has been kept for longer than necessary
C) Data has been kept securely with restricted access
D) Data has been used fairly, lawfully and transparently

Solutions: