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CIMA Managing Finance in a Digital World Sample Questions:

1. 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 the main opposition party in the hope they'll put pressure on the governing party to not impose the new regulation.
D) Make a large donation to the party in power in the hope that they'll abandon their plans to impose new regulation.

2. Which TWO of the following are examples of a knowledge work system?

A) Computer Aided Manufacturing (CAM)
B) Materials Resource Planning (MRP)
C) Computer Aided Design (CAD)
D) Transaction Processing System (TPS)

3. Information relating to production, accounting records and payroll are most likely to be used by which of the following stakeholders?

A) External stakeholders
B) Internal stakeholders
C) Key stakeholders
D) Connected stakeholders

4. Which of the following are the primary objectives of a commercial organisation?
Select ALL that apply.

A) Maximise trading performance
B) Ensure continued employment for staff
C) Ensure compliance with tax legislation
D) Ensure going concern status
E) Protect the environment
F) Maximise shareholder wealth

5. Which of the following is associated with the control activity of the finance function?

A) Advising on Investment funding
B) Setting product prices
C) Preparing statutory reports
D) Amending original budgets

Solutions: