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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following is NOT one of the "three V's" of Big Data?

A) Variability
B) Variety
C) Volume
D) Velocity

2. Digital interactive marketing does NOT involve the use of which of the following?

A) Social media
B) Radio commercials
C) Mobile phones
D) Emails

3. The board of company B, a small company, is meeting to discuss the financial year end accounts following the first year of a consolidation of operations.
Of the results provided, select whether each set of information should be reported externally or internally.

4. A company is charging a high price for a product to individuals who are prepared to pay a premium for a new, innovative product Whilst doing this they are facing high marketing costs Which stage of the product lifecycle is this product at?

A) Introduction
B) Maturity
C) Growth
D) Shakeout

5. Which THREE of the following describe the role process maps can play in an organisation?

A) Offering a framework to analyse cause and effect in problem solving
B) Providing an overview of product flows across supply chains and networks
C) Acting as a trigger for process redesign and simplification
D) Providing an understanding of how particular jobs and functions fit into an entire process
E) Providing an understanding of how the physical and thinking environment can be improved
F) Providing a plan-do-check-act operating sequence

Solutions: