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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following best outlines the shift to higher level' skills anticipated to be fundamental to future accountants'?

A) The ability to collect and process data
B) The ability to produce an extended trial balance
C) The ability to evaluate data sources.
D) The ability to balance ledger accounts

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

3. La Vie En Rose was the latest perfume from the popular and well known perfumery, Lola. In almost every high quality magazine there was an advert featuring a famous actress and produced by a well known director.
A
few weeks after launching, La Vie En Rose became the top selling perfume.
At the same time, another perfume called Amber launched from a smaller company and only appeared in a few advertisements and the perfume doesn't sell well.
In a blind test, where participants tried both Amber and La Vie En Rose, it was found that La Vie En Rose was the most popular choice.
Which orientation did La Vie En Rose use and why was it more successful than the Amber perfume?

A) La Vie En Rose focused primarily on the selling and promotion of a product.
B) The perfumery based their marketing around customer needs.
C) They specialised in producing as much as possible of a given product or service.
D) The perfumery were chiefly concerned with the quality of La Vie En Rose.

4. Company E operates a management consultancy business with four international offices. All offices specialise in helping new businesses, with all support operations dealt with by headquarters.Which of the organisational structures below would best describe Company E.

A) Matrix
B) Functional
C) Geographical
D) Divisional

5. Which of the following would be a disadvantage of the use of 'big data'?

A) Increased volume of unstructured data
B) Increased relevance of decisions
C) Increased system requirements
D) Increased speed of decision making

Solutions: