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CIMA Managing Finance in a Digital World Sample Questions:

1. When considering companies which focus on more than just commercial issues, which TWO of the following would be associated as a key element of a corporate social responsibility (CSR) strategy?

A) Ethical
B) Sales volume
C) Community
D) Profitability
E) Share price

2. Clear career progression is an advantage of which type of organisational structure?

A) Multi-divisional
B) Project based
C) Matrix
D) Functional

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

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

4. Y has recently been appointed as the head of a large charity. This is the first not-for-profit organisation that she has been involved with, having gained most of her experience in large retail organisations. She wants to make sure that she understands the differing objectives of her new employer.
Which THREE of the objectives below would be most likely associated with a not-for-profit organisation?

A) Profit maximisation
B) Value for money
C) Increasing donations
D) Maximising shareholder returns
E) Increasing share price
F) Utilisation of resources

5. A cut-flower production business has peaks of demand around special days in the year that celebrate religious festivals. Which of the Four Vs of operations is being described in the above scenario?

A) Volume
B) Velocity
C) Variation
D) Variety

Solutions: