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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following is NOT a form of viral marketing?

A) Text message
B) Video clips (including those taken on mobile phones)
C) Email
D) Television advertisement

2. Accountants and finance professionals in the future will see the basic routine transactional work reduce with a shift to higher level skills Which of the following best describes business acumen?

A) An ability to effectively communicate, showing empathy and understanding of individuals in the business
B) An ability to add value through analysing data and provide insight that will help the business.
C) An ability to understand and respond to a wide range of aspects relevant to a business situation
D) An ability to understand and be sceptical about the information provided to the business

3. XYZ company is a large public limited company, registered in the UK and required to be externally audited Who is responsible for appointing the external auditors?

A) Board of directors
B) Shareholders
C) Non-executive directors
D) Executive directors

4. A duplication of support functions would exist under which of the following organisational structures?

A) Functional
B) Divisional
C) Matrix
D) Project based

5. An individual works for Organisation A. They are responsible for collating financial information from all the local County primary schools in order to report budgetary requirements for the next financial year.
An individual works for Organisation B. They are responsible for collating financial information from all the local charity shops in order to report donation items and items sold.
An individual works for Organisation C. They are responsible for counting and recording raw materials stock, work in progress and finished goods stock on a monthly basis for the managers to report on rates of stock wastage and pilferage at the monthly board meeting.
For each of the organisations above, match them with the relevant sector below.

Solutions: