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CIMA Managing Finance in a Digital World Sample Questions:

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

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

2. Which THREE of the following areas would be improved by an organisation using a Customer Relationship Management (CRM) system?

A) Marketing
B) Operations
C) Inventory management
D) Sales
E) Budgeting
F) Customer service

3. Following scandals such as Enron and legislation such as Sarbannes-Oxley in the US, the emphasis of the finance function of many entities has changed. This has led to which of the following?

4. When involved in business decision making it is important to observe the concept of objectivity. Which THREE of the following are examples of an effective application of this concept?

A) Not allowing conflict of interest to influence decisions
B) Not allowing bias to influence opinion
C) Not disclosing confidential information
D) Maintaining technical and professional standards
E) Being honest and truthful in business relationships
F) Not being influenced by other people

5. F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formula. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation's behalf.
Which of the organisation types listed below best describes the organisation that F works for?

A) Multinational
B) Partnership
C) Company
D) Sole-trader

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