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CIMA Managing Finance in a Digital World Sample Questions:

1. Mita has set up a number of food shops and spends a lot of her time finding suitable staff Her key strength is going to farmers' wholesale markets and selecting her suppliers She also carries out all the accounting functions and maintains the shops by acting as her own caretaker, carrying out repairs and maintenance at the weekends Which aspect of the work would Mita be LEAST LIKELY to outsource?

A) Human resources
B) Accounting
C) Repairs and maintenance
D) Sourcing the suppliers

2. Mr W wants to replace the family car. The cost of repair is becoming prohibitive so he has agreed with his wife to buy a new vehicle.
Put the tokens below in the correct order to demonstrate the stages in the buying process, according to Lancaster and Withey.

3. Barry has heard that the government is planning to tighten environmental regulations. He doesn't like the sound of this, as even though some businesses won't be affected that much, he will have to end up paying a lot more to run his business.
Which of the following options would be most effective in preventing the government from imposing such regulation?
Select ALL that apply.

A) Tell a member of the governing party that he has some unscrupulous information about the party that he'll leak to the press if they go ahead with their plans to impose new regulation.
B) Try and set up meetings with high-ranking members of the government to persuade them to not impose the new regulation.
C) Make a large donation to the the main opposition party in the hope they'll put pressure on the governing party to not impose the new regulation.
D) Make a large donation to the party in power in the hope that they'll abandon their plans to impose new regulation.

4. 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) Participation
B) Education
C) Negotiation
D) Facilitation

5. Introducing The Finance Function of PRS Company have been working with the Human enable which of the following business advantages'?

A) An increase in competences
B) An increase in value adding activities
C) An increase in training
D) An increase in relationship management

Solutions: