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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following are measures a business might introduce specifically as part of its Corporate Social Responsibility (CSR) strategy?
Select ALL that apply.

A) Negotiating with a supplier to keep costs to a minimum
B) Using different waste bins for recycling and non-recycling
C) Commissioning a report on carbon dioxide (CO2) emissions from its factories
D) Reducing the range of different products it makes

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

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

3. When using an integrated reporting approach a supermarket will include which THREE of the following in the organisation's annual financial statements?

A) Statement of financial position
B) Statement of risks facing the organisation
C) Statement of the number accidents occurring
D) Statement of cash flows
E) Statement of remuneration of all employees

4. A company is expanding its baby clothing product range to include all items for infants, for example feeding and bathing equipment. As this is a new venture for the company, the Board of Directors has agreed that market research is a necessary exercise, but it is undecided as to which is the most efficient and effective method. Which of the following methods of research would be most appropriate?

A) Focus groups
B) Interviews
C) Questionnaires
D) Experimentation

5. Data science is increasingly important in the production of business focused data It consists mainly of experts with backgrounds in mathematics, programming and computer science Which of the following best describes the attributes of a data scientist?

A) Individuals who can affect or be affected by the organisations actions
B) individuals with the ability to extract meaning from and interpret data from statistics and machine learning.
C) Individuals who flag inefficiencies in the system and potentially suggest improvements and test solutions.
D) Individuals who act as an interface between the business functions and data specialists

Solutions: