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CIMA Managing Finance in a Digital World Sample Questions:

1. GBX has been receiving adverse customer feedback regarding late deliveries. As a result, it has decided to review its delivery logistics systems and related performance indicators.
The management team are discussing the introduction of a Key Performance Indicator (KPI) which allows a maximum of three hours to deliver a customer order Which of the following SMART criteria is unlikely to apply to this KPI?

A) Relevant
B) Specific
C) Time-bound
D) Measurable

2. Appraisal systems involve the collection of feedback on an individual's performance from a range of sources.
Which of the following sources apply to 180-degree appraisal?
Select THREE sources that apply.

A) The individual and the customers he deals with
B) The individual's supervisor and the customers the individual deals with
C) The individual's supervisor and the individual
D) The individual's supervisor and his peers
E) The individual's peers and the customers they deal with
F) The individual and his peers

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

4. In order to understand the potential for conflict over the functioning of a finance department, B organisation's new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?

A) Take minimal effort with these groups
B) Keep these groups informed
C) Treat these groups as key players
D) Keep these groups satisfied

5. Which of the following is the main reason for the growing demand for Big Data by organisations?

A) Gaining a competitive advantage
B) Improving privacy and security
C) Improving supplier relationships
D) Allowing remote working

Solutions: