PDF Version DemoCIMA Managing Finance in a Digital World Sample Questions:
1. In order to understand the potential for conflict over the functioning of a finance department, B organisation's new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?
A) Take minimal effort with these groups
B) Keep these groups informed
C) Keep these groups satisfied
D) Treat these groups as key players
2. Which of the following are the tasks associated with the effective management of the treasury function?
Select ALL that apply.
A) Minimise foreign exchange losses
B) Ensure effective product pricing
C) Legally avoid paying as much tax as possible
D) Effectively manage the cash position
E) Effectively manage the trading position
F) Ensure compliance with statutory reporting
3. Capturing and utilising big data is now a key element of many organisations' value adding process. Which of the following best describes the attribute of big data velocity*?
A) The capability to process internal and external data
B) The capacity to process large quantities of data
C) The capability to validate data to tolerable levels
D) The capability to swiftly capture and process data in real time
4. Which of the following are associated with the mission of an organisation?
Select ALL that apply.
A) Product marketing strategy of the organisation
B) Staff perception of the organisation
C) Culture of the organisation
D) Service level of the organisation
E) Strategy of the organisation
F) Purpose of the organisation
5. Company V has made the decision to operate using Six Sigma in order to manage the supply chain within the production process. What process below is the method used to continually monitor and chart a process while it is operating?
A) Statistical process control
B) Material requirements planning
C) Reverse logistics
D) Lean thinking
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,C,D | Question # 3 Answer: D | Question # 4 Answer: C,E,F | Question # 5 Answer: A |
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