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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following are measures a business might introduce specifically as part of its Corporate Social Responsibility (CSR) strategy?
Select ALL that apply.

A) Reducing the range of different products it makes
B) Using different waste bins for recycling and non-recycling
C) Negotiating with a supplier to keep costs to a minimum
D) Commissioning a report on carbon dioxide (CO2) emissions from its factories

2. The following statements are from which section of the UK Combined Code?
1:The board should disclose a balanced and understandable assessment of the company's position and prospects in the financial reports.
2:The board should maintain an appropriate relationship with the company's external auditor.

A) Effectiveness
B) Accountability
C) Shareholder relations
D) Remuneration
E) Leadership

3. Company V has traditionally sold children's toys from retail outlets. It is now exploring online retailing, or e-commerce, to expand its customer base. Which channel of distribution is Company V expanding into?

A) Multiple level channel
B) Level one channel
C) Level zero channel
D) Level two channel

4. DTR is a publishing company specialising in the production of technical journals and product specifications Because of the volumes of information required to run the business effectively, the finance function of the company is considering migrating to cloud based technologies.
Which of the following is most likely to be a benefit of such a move for the company?

A) Established work patterns
B) Access to stand alone systems
C) Improved version control
D) Periodic system updates

5. C's company wants to increase socially responsible cost effective practices across it's supply chain C who is a member of the finance function has been asked to see how this can be achieved and is going to use the 'information to impact framework* to do this.
Which of the following is the correct order in which the required activities will need to be earned out?

A) Analyse. Assemble, Advise. Apply
B) Assemble, Analyse , Advise. Apply
C) Apply. Advise Analyse, Assemble
D) Advise. Assemble. Apply. Analyse

Solutions: