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CIMA Managing Finance in a Digital World Sample Questions:

1. Company P is a recruitment agency specialising in placing accountancy and legal personnel in employment. A large part of the role of the agency is to meet the prospective individuals in order to ensure they are placed in the most appropriate roles.
Which THREE elements of the marketing mix relate specifically to the type of business described, to a greater extent than would apply to a manufacturing company?

A) Price
B) Promotion
C) Physical evidence
D) Product
E) People
F) Processes

2. Which of the following are advantages of outsourcing finance? Select ALL that apply.

A) Level of independence is increased.
B) Increased control.
C) Increased confidentiality.
D) Internal expertise is improved.
E) The external organisation/individual has an increased understanding of the outsourcing business.
F) Allows the organisation's management to focus on its core operations and core issues.
G) Can help to keep costs down and improve quality.
H) There is a known fee if agreed in advance.

3. 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

4. K manages the finance function of a cable manufacturing business In order to cope with an increasingly diverse workload K needs human resources to recruit someone with a digital mindset Which THREE of the following individual charactenstics should K emphasise to human resources as important in finding the right candidate?

A) An open-minded outlook
B) Adopting a 'helicopter view'
C) A compliant personality
D) A visionary leader
E) A 'photographic' memory

5. You need to select potential candidates for the role of an office manager in a very busy office. An assessment centre has been organised to overcome the shortcomings associated with other selection techniques. Which of the following activities would be most suitable to assess candidates for the role of Office Manager?

A) A speech
B) A presentation
C) In-tray exercises
D) Self-appraisal

Solutions: