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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following provides the best description of an intranet?

A) A worldwide network of computers.
B) Authorised outsiders use networked computers to access information held on a server.
C) A collection of data organised to service many applications providing access to a wide variety of users.
D) Employees use networked computers to access information held on a server.

2. AB Company is considering a recruitment campaign to provide extra senior marketing staff for a new product launch. AB produces specialist industrial cleaning products and has a well developed marketing function. Which of the following will be an effective alternative to a recruitment campaign?

A) Use of agency staff
B) Promotion of existing staff in the department
C) Job rotation within the organisation
D) Secondment of staff from other departments

3. Which of the following is NOT a component of the working capital cycle?

A) The time taken by the bank to approve lending
B) The time taken by customers to pay for the goods
C) The average time that raw materials remain in inventory
D) The time taken to produce the goods

4. Which TWO of the following key business areas can a standard cost record assist with?

A) Break-even analysis
B) Inventory level
C) Receivables collection
D) Pricing decisions

5. Which TWO of the following are the responsibility of the Chief Financial Officer (CFO) in achieving the desired organisational impact?

A) Launching key initiatives that support organisation goals
B) Generation of information and providing preliminary insight
C) Working with specialists to provide further insight to decision makers
D) Liaising effectively with internal and external stakeholders
E) Financial planning and analysis.

Solutions: