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CIMA Managing Finance in a Digital World Sample Questions:

1. Introducing The Finance Function of PRS Company have been working with the Human enable which of the following business advantages'?

A) An increase in relationship management
B) An increase in competences
C) An increase in value adding activities
D) An increase in training

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

3. Which of the following describes a disadvantage of succession planning?

A) Planning requires resources to manage it.
B) It can be cheaper than advertising.
C) It motivates employees as rewards are visible.
D) It develops career structures.

4. Level one of the contemporary shape of the finance function involves strategic leadership of the finance team.
The head of the finance function is.

A) The Chief Executive Officer
B) The Financial Accountant
C) The Finance Treasurer
D) The Chief Financial Officer

5. Data warehousing is an essential element of the extraction transformation and loading process.
Which of the following best describes data warehousing?

A) Examining the data to understand its content formats and structure
B) Data being processed into the destination database ready for use.
C) The process of harvesting data from source databases and locations.
D) Storing data in a systematic and logical way ready for further interrogation.

Solutions: