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CIMA Managing Finance in a Digital World Sample Questions:

1. Information systems outsourcing involves purchasing the services required to perform business functions from outside the organisation.
Which of the following is an advantage to the organisation of outsourcing activities?

A) Cost control
B) Dependancy on supplier
C) Internal IT experts
D) Long-term contracts

2. Mitch owns a small furniture business, which he is keen to grow.
Which of the following would MOST benefit the growth of Mitch's business:

A) Outsourcing all complementary and residual competencies.
B) Reducing the price of all products by a third.
C) Becoming a network organisation.
D) Becoming a shamrock organisation.
E) Forming an alliance with a local supplier.

3. XY Company has just completed a consumer survey which has produced large quantities of data regarding its products. Which of the following is NOT relevant in the processing of this data?

A) Meanings are attributed to the data
B) Data is disseminated to users
C) Data comparisons are made
D) Data is filtered for relevance

4. Level 2 of the contemporary shape of the finance function involves Strategic Business Partnering In this context strategic partners are

A) Outsourced partners
B) Finance professionals
C) Senior management
D) Project managers

5. An entity has several subsidiaries including F, which has an urgent staffing issue. The Financial Controller of F is due to start her maternity leave in 3 weeks time and there is currently a recruitment freeze in place to curtail employment costs. Human Resources needs to resolve the issue of covering the Financial Controller's position on a temporary basis. Which TWO of the options below will be suitable in these circumstances?

A) Early retirement
B) Secondment
C) Internal promotion
D) Job rotation
E) Job enlargement

Solutions: