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CIMA Managing Finance in a Digital World Sample Questions:

1. 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) Advise. Assemble. Apply. Analyse
C) Assemble, Analyse , Advise. Apply
D) Apply. Advise Analyse, Assemble

2. Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?

A) Supply is obtained at the best price once requested by departments.
B) Purchasing managers are involved in strategy development.
C) Competitive strategies rely on the effectiveness of organisational purchasing.
D) Suppliers are viewed as vital partners.
E) Timely information about product prices and availability can be obtained through organisational systems.
F) Efficiency is at least equal to other organisational operations such as payroll and invoicing.

3. X Company has several distinctive corporate social responsibility stances including a concentration on the triple bottom line, being proactive, and treating stakeholders as partners. According to Johnson, Whittington and Schools' categorization which of the following stances would best fit X?

A) Laissez-faire
B) Shaper of society
C) Enlightened self-interest
D) Forum for stakeholder interaction

4. Which of the following is a potential advantage of outsourcing?

A) Finality of decision
B) Reduced capital expenditure
C) Reduced core competencies
D) Reduced transaction costs

5. Which of the following functions is associated with the operating core of an organisation?

A) Catering services
B) Manufacturing and production
C) Strategy evaluation
D) Process standardisation

Solutions: