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CIMA Managing Finance in a Digital World Sample Questions:

1. T is the head of the marketing department in company Z. There have been several new recruits into the department recently and T is introducing them to the marketing mix. T explains that the original marketing mix had only 4 Ps. However, this was focused primarily around the manufacturing industry. The mix was later extended to include an extra 3 Ps for use in the service industry. Which THREE of the following are the extra
3 Ps?

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

2. Which of the following is one of the five key areas of an effective approach to corporate digital responsibility (CDS)?

A) Digital protection
B) Digital mindset
C) Digital stewardship
D Digital sustainability

3. LFN is a tuition provider
The finance function has recently migrated all accounting systems onto cloud software which is expected to considerably streamline the existing systems.
The Managing Director is keen to promote the benefits of the new software in terms of increased accuracy of reporting and availability of real time management information.
However, the Finance Director has concerns and is feeling pressured to keep quiet about the ability of the technology to achieve all that is expected Which of the following ethical principles is highlighted within LFN?

A) Confidentiality
B) Objectivity
C) Integrity
D) Professional competence

4. Cloud computing is a growing IT strategy In which THREE of the following situations would this be a sensible IT strategy?

A) Bespoke software
B) Frequent software changes
C) Need to reduce up front costs
D) High impact if data is lost
E) Unreliable internet access
F) High in-house IT skills

5. An effective induction programme will typically focus on which THREE of the following?

A) Family connections with the business
B) Hobbies and interests
C) Financial issues including salary payment dates and expense procedures
D) Organisation structure, charts and reporting lines
E) Culture and values, including ethical issues
F) Personal health issues

Solutions: