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CIMA Managing Finance in a Digital World Sample Questions:

1. Assessment centres can use a range of techniques to assess an applicant's competencies against pre-set criteria.
Which document would set out the competencies required for them to compare against?

A) Appraisal documentation
B) Application forms
C) Person Specification
D) Job description

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

3. R is a 14 year old girl and has been promised a new computer for her birthday. Her school friends have popular hand-held models which are very intuitive to use with an eye-pleasing interface and design. Her parents want her to have a cumbersome personal computer which has to be situated at home as it will be more secure and easy to upgrade in the future without replacing the whole unit. R would prefer the computer her friends have. Which influence is R demonstrating?

A) Psychological influence
B) Socio/cultural influence
C) Personal influence
D) Technical influence

4. Offshoring may be successful when which of the following applies?

A) There are high task complexities
B) There are fewer cultural differences
C) There are low transaction volumes
D) There are high cost transactions

5. Which of the following best describes a digital mindset?

A) Understanding the process of harvesting data from source databases and locations
B) Thinking shaped by the process of collecting organisation and analysing a large set of data to discover patterns.
C) Interpreting data that is analysed digitally to understand its content, formats, and structure
D) Understanding the concept of seeing beyond the individual elements of digital change

Solutions: