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CIMA Managing Finance in a Digital World Sample Questions:

1. XY Company is a manufacturing company making a variety of products for sale in different markets. Which of the following is the most likely organisational structure that such a company will adopt?

A) Matrix structure
B) Entrepreneurial structure
C) Functional structure
D) Divisional structure

2. A financial training company is reviewing its current HR policy in relation to the ongoing training required by all professionally qualified employees. Part of this process will also help to identify individuals suitable for promotion in the near future.
Which element of the HR cycle is described above?

A) Development
B) Acquisition
C) Separation
D) Maintenance

3. Which of the following would specifically be an example of the use of the marketing concept by a charity?

A) Having pencils made with the name of the charity on them
B) Giving pencils out to children in developing countries
C) Only buying pencils made from sustainable materials
D) Selling pencils to make a profit for the charity

4. Which of the following is a disadvantage of virtual operations?

A) Flexibility and speed of operations
B) Reduced investment in assets
C) Possible linkages in the value chain
D) The suppliers/resources may also be available to rival operations

5. Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?

A) Total ordering cost per order
B) Total inventory cost per year
C) Total purchases per year
D) The reorder quantity

Solutions: