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CIMA Managing Finance in a Digital World Sample Questions:

1. Cardboard box manufacturer Smurfat are giving their new employees an induction into the company's strategy.
They see this as a crucial stage of the induction process and have asked Terrance, the communications director, to take new employees through the strategy.
Which of the following should Terrance communicate to his new employees during their induction?
Select ALL that apply.

A) Talk through the overall structure of the Smurfat.
B) Make Smurfat's disciplinary rules clear for the new employees.
C) Explain what care and support Smurfat offers to new staff.
D) Explain the goals and motives of the Smurfat.
E) Give new employees an idea of the work culture at Smurfat.

2. Which TWO of the following are the responsibility of the Chief Financial Officer (CFO) in achieving the desired organisational impact?

A) Launching key initiatives that support organisation goals
B) Working with specialists to provide further insight to decision makers
C) Liaising effectively with internal and external stakeholders
D) Generation of information and providing preliminary insight
E) Financial planning and analysis.

3. Which THREE operations management issues are associated with the primary activity of inbound logistics?

A) Production engineering capacity
B) Economic storage of raw materials
C) Effective quality control procedures
D) Efficient distribution of raw materials from warehouses to factory floor
E) Efficiency of facilities, plant and machinery
F) Effective systems for inventory record keeping

4. Barry has heard that the government is planning to tighten environmental regulations. He doesn't like the sound of this, as even though some businesses won't be affected that much, he will have to end up paying a lot more to run his business.
Which of the following options would be most effective in preventing the government from imposing such regulation?
Select ALL that apply.

A) Try and set up meetings with high-ranking members of the government to persuade them to not impose the new regulation.
B) Tell a member of the governing party that he has some unscrupulous information about the party that he'll leak to the press if they go ahead with their plans to impose new regulation.
C) Make a large donation to the party in power in the hope that they'll abandon their plans to impose new regulation.
D) Make a large donation to the the main opposition party in the hope they'll put pressure on the governing party to not impose the new regulation.

5. Lancaster and Withey (2003) identifies five steps in consumer decision making. Which THREE are valid?

A) Post purchase evaluation
B) The sale decision
C) The purchase decision
D) Need/problem recognition
E) Evaluation of the sellers website

Solutions: