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CIMA Managing Finance in a Digital World Sample Questions:

1. When involved in business decision making it is important to observe the concept of objectivity. Which THREE of the following are examples of an effective application of this concept?

A) Not allowing conflict of interest to influence decisions
B) Not allowing bias to influence opinion
C) Maintaining technical and professional standards
D) Not disclosing confidential information
E) Not being influenced by other people
F) Being honest and truthful in business relationships

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

3. A boiler repair business uses an expert system in the form of a fault diagnostic system. What benefits does this give to the business?
Select ALL that apply.

A) The system generates customer invoices quickly.
B) The business is less reliant on the senior technician for solving problems.
C) The system can be used for other purposes such as staff rotas.
D) Faults are diagnosed quicker so customer service is improved.
E) Junior technicians are able to identify faults without a detailed knowledge.
F) The business saves money by needing less senior mechanics and repairing boilers quicker.

4. A is developing a new mission statement. Which TWO of the following should NOT be included?

A) The main purpose of A.
B) The main business A is concerned with.
C) What will be achieved in 20 years' time.
D) Detailed values such as respect, integrity, diversity, teamwork and innovation.
E) A brief summary of A's values and beliefs.

5. Which of the following can facilitate innovation within an organisation?
Select ALL that apply.

A) A blame culture
B) The communications system
C) A formal structure
D) The leadership style

Solutions: