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CIMA Managing Finance in a Digital World Sample Questions:

1. T is the head of the marketing department in company Z. There have been several new recruits into the department recently and T is introducing them to the marketing mix. T explains that the original marketing mix had only 4 Ps. However, this was focused primarily around the manufacturing industry. The mix was later extended to include an extra 3 Ps for use in the service industry. Which THREE of the following are the extra
3 Ps?

A) People
B) Physical evidence
C) Processes
D) Price
E) Place
F) Promotion

2. Which of the following statements best describes data extraction?

A) The process of harvesting data from source databases and locations
B) Examining the data to understand its content formats and structure.
C) Data being processed into the destination database ready for use.
D) Storing data in a systematic and logical way ready for further interrogation.

3. Which of the following is one of the five key areas of an effective approach to corporate digital responsibility (CDS)?

A) Digital protection
B) Digital stewardship
D Digital sustainability
C) Digital mindset

4. YZ Company has grown rapidly and has recently recruited a finance director to set up a more structured finance function. During this process care will be needed to ensure effective lines of communication between different disciplines within the whole function and to recognise the interdependencies.
Which of the following are examples of the interdependence of elements of the finance function?
Select ALL that apply.

A) Budget management
B) Variance analysis reporting
C) Internal auditing
D) Management reporting
E) Statutory financial reporting
F) Taxation management

5. Which of the following statements best describes quantitative information?

A) Information that is derived from case studies.
B) Information that is difficult to record and process.
C) Information that comes from data normally expressed as numbers.
D) Information that is often in the form of opinions

Solutions: