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CIMA Managing Finance in a Digital World Sample Questions:

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

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

2. A company manufactures electrical goods and has several product lines, all at different stages in the product life-cycle. As each item works through the life-cycle, the emphasis on marketing and price focus changes. Item X currently has an increased emphasis on investment in the product quality and design, with consideration also being given to reducing the sale price. Item X is in which stage of the product life-cycle?

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

3. B is a small company that offers translation services into another language. There are very few employees and a network of translators is kept on a database Customers ask for work to be carried out through a website and B finds a suitable translator, taking a fee from the overall charge. The website is maintained by a third party What type of organisation is this?

A) Matrix
B) Virtual
C) Outsourced
D) Modular

4. Place 'Management accountant' or 'Financial accounant' next to each of the following statements according to which applies.

5. The process of human resources planning would involve the following: strategic analysis, forecasting, job analysis and recruitment and training. Which THREE of the following are issues relevant to forecasting?

A) Appraisal
B) Induction
C) Rewards
D) Cost reduction plans
E) Divestments
F) New technology

Solutions: