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CIMA Managing Finance in a Digital World Sample Questions:

1. Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering In this context strategic partners are

A) Project managers
B) Senior management
C) Outsourced partners
D) Finance professionals

2. There are four stages of development of supply chain management, according to Reck and Long's strategic positioning tool. Which stage of this model does the following description identify?
Emphasis is on better co-ordination between departments and suppliers involving timely communication about changes in price and availability of materials.

A) The independent stage
B) The passive stage
C) The integrative stage
D) The supportive stage

3. There are several inter-related activities thought critical in implementing internal marketing. Which THREE are valid?

A) Regular customer surveys
B) Advertising
C) Internal communications
D) Internal customer segmentation
E) Social media
F) Competitor analysis

4. A business is seeking to introduce TQM. It gets some advice from a business consultant on how to ensure it is successful in its implementation. Which of the following are likely to be included in the advice they receive?
Select ALL that apply.

A) Ensure TQM gets strategic focus.
B) Give a fixed time scale for the TQM project.
C) Communicate frequently to your business.
D) Motivate and train your staff to take up the ethos of quality.
E) Gain full commitment from your entire management team.
F) Get your suppliers involved in TQM.
G) Ensure a clear budget is identified for TQM.
H) Introduce a TQM department in the organisational structure.
I) Encourage the sharing of ideas.

5. Which of the following organisational approaches is associated with the consistent delivery of a product or service?

A) JIT (just in time)
B) Kaizen
C) ISO 9000
D) Lean

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