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CIMA Managing Finance in a Digital World Sample Questions:

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

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

2. There are four approaches to system changeover, each of which varies in terms of risk, cost and time. When there is a need to minimise costs and time the most suitable approach would be:

A) Phased changeover
B) Pilot operation
C) Direct changeover
D) Parallel running

3. Which of the following is NOT a feature of a knowledge management system specific to a particular organisation?

A) The intranet
B) The internet
C) A local area network
D) A wide area network

4. Which of the following defines key performance indicators (KPls)?

A) KPIs are the measures which indicate whether or not a critical success factor is being achieved
B) KPIs are the measures which indicate whether or not the critical success factors are SMART.
C) KPIs are used to create critical success factors.
D) KPIS are used to measure operational activities only

5. XY Company operates a flexible manufacturing system, manufacturing a single standard product. What is the disadvantage of this system if the organisation expands its product range?

A) The cost of enhanced flexibility
B) The ability to change between jobs
C) Fast response times
D) Small batches can be accommodated

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