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CIMA Managing Finance in a Digital World Sample Questions:

1. AB Company is planning to implement a new IT system. The existing system runs all of the financial ledgers and is key to the running of the whole organisation. Which of the following will NOT be a suitable method for the changover of the system?

A) Phased changeover
B) Pilot changeover
C) Parallel changeover
D) Direct changeover

2. M has a new job working in the finance function of HKF. a chain of hotels. At M's interview, new job working in the finance function of HKF. a chain of hotels emphasis on connecting the different activities in the organisation.
Which of the following is an example of connecting the different activities in an organisation'?

A) Providing budgets and reports to the managers of the hotel restaurants
B) Collecting data from recruitment agencies who supply temporary staff to HKF hotels.
C) Producing time charts of how finance staff spend their time on different tasks.
D) Cleaning the data that is produced with regard to room occupation and food and drink.

3. A company is expanding its baby clothing product range to include all items for infants, for example feeding and bathing equipment. As this is a new venture for the company, the Board of Directors has agreed that market research is a necessary exercise, but it is undecided as to which is the most efficient and effective method. Which of the following methods of research would be most appropriate?

A) Questionnaires
B) Interviews
C) Focus groups
D) Experimentation

4. Which of the following best describes a digital mindset?

A) Understanding the process of harvesting data from source databases and locations
B) Interpreting data that is analysed digitally to understand its content, formats, and structure
C) Understanding the concept of seeing beyond the individual elements of digital change
D) Thinking shaped by the process of collecting organisation and analysing a large set of data to discover patterns.

5. Which of the following can facilitate innovation within an organisation?
Select ALL that apply.

A) The communications system
B) A formal structure
C) The leadership style
D) A blame culture

Solutions: