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CIMA Managing Finance in a Digital World Sample Questions:

1. The finance function has an important role in the management of performance and the achievement of the organization's plans and budgets.
Which of the key roles of the finance function does this best describe?

A) Narrates
B) Shapes
C) Reports
D) Enables

2. Which TWO of the following key business areas can a standard cost record assist with?

A) Break-even analysis
B) Pricing decisions
C) Inventory level
D) Receivables collection

3. In order to understand the potential for conflict over the functioning of a finance department, B organisation's new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?

A) Keep these groups satisfied
B) Treat these groups as key players
C) Keep these groups informed
D) Take minimal effort with these groups

4. Which of the following best describes a virtual team formed by individuals from different companies to achieve a common aim?

A) Functional
B) Extended supply chain
C) Inter-organisation
D) Matrix-structure organisation

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

Solutions: