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CIMA Managing Finance in a Digital World Sample Questions:

1. An individual works for Organisation A. They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.
An individual works for Organisation B. They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.
An individual works for Organisation C. They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.
For each of the organisations above, match them with the relevant sector below.

2. A decision has been made to close down a branch of a restaurant.
Which of the following is quantitative information produced by the finance function that will have supported this decision being made?

A) A listing showing the number of employees who will lose their jobs.
B) A costing of the total redundancy payments that will need to be made.
C) A map showing the locations of the suppliers.
D) A graph showing declining profitability of the branch.

3. Place the following categories typically found in a 'person specification' next to each job holder's requirements.

4. Mitch owns a small furniture business, which he is keen to grow.
Which of the following would MOST benefit the growth of Mitch's business:

A) Outsourcing all complementary and residual competencies.
B) Becoming a shamrock organisation.
C) Forming an alliance with a local supplier.
D) Becoming a network organisation.
E) Reducing the price of all products by a third.

5. K manages the finance function of a cable manufacturing business In order to cope with an increasingly diverse workload K needs human resources to recruit someone with a digital mindset Which THREE of the following individual charactenstics should K emphasise to human resources as important in finding the right candidate?

A) A visionary leader
B) A compliant personality
C) A 'photographic' memory
D) An open-minded outlook
E) Adopting a 'helicopter view'

Solutions: