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CIMA Managing Finance in a Digital World Sample Questions:
1. A management accountant vacancy has arisen in the Finance Department of HJ Company. The Finance Manager is preparing the necessary paperwork for the recruitment process and is currently working on the person specification. He has contacted the company's Human Resource Department to ask for advice on which THREE of the following he should include in the person specification:
A) Attainments
B) The job environment
C) The purpose and title of the job
D) Special attributes
E) Salary range
F) Background and circumstances
2. Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?
A) Supply is obtained at the best price once requested by departments.
B) Competitive strategies rely on the effectiveness of organisational purchasing.
C) Efficiency is at least equal to other organisational operations such as payroll and invoicing.
D) Purchasing managers are involved in strategy development.
E) Suppliers are viewed as vital partners.
F) Timely information about product prices and availability can be obtained through organisational systems.
3. TTT plc has recently been responsible for a major environmental accident. As a result the management of the company wishes to set up a large fund to compensate stakeholders affected. The company has a significant number of institutional shareholders which own a large share of the company, as well as many individual investors.
The management is considering Mendelow's Matrix to determine the likely movement of the institutional shareholders during the change in strategy. What is the institutional shareholders' likely movement according to Mendelow?
A) From 'Keep informed' to 'Keep satisfied'
B) From 'Keep satisfied' to 'Keep informed'
C) From 'Keep satisfied' to 'Key players'
D) From 'Minimal effort' to 'Keep informed'
4. From the following, which best defines Business Process Re-engineering (BPR)?
A) BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.
B) BPR is the continuous examination and improvement of processes.
C) BPR involves fundamental changes in the way the organisation operates.
D) The main aim of BPR is to save costs
5. Velocity is one of the defining characteristics of Big Data. Which of the following most accurately defines what this means?
A) The different formats of data
B) The validity of data
C) The speed of data creation
D) The volume of the data
Solutions:
Question # 1 Answer: A,D,F | Question # 2 Answer: B,D,E | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
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