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CIMA Managing Finance in a Digital World Sample Questions:

1. Which TWO of the following are the responsibility of the Chief Financial Officer (CFO) in achieving the desired organisational impact?

A) Launching key initiatives that support organisation goals
B) Financial planning and analysis.
C) Liaising effectively with internal and external stakeholders
D) Generation of information and providing preliminary insight
E) Working with specialists to provide further insight to decision makers

2. Which of the following statements best describes quantitative information?

A) Information that is derived from case studies.
B) Information that is often in the form of opinions
C) Information that comes from data normally expressed as numbers.
D) Information that is difficult to record and process.

3. At which stage of a systems development lifecycle is systems architecture considered?

A) Implementation
B) Systems design
C) Feasibility
D) System review

4. A is developing a new mission statement. Which TWO of the following should NOT be included?

A) The main business A is concerned with.
B) The main purpose of A.
C) What will be achieved in 20 years' time.
D) Detailed values such as respect, integrity, diversity, teamwork and innovation.
E) A brief summary of A's values and beliefs.

5. Finance business partners are seen as leaders that can influence the decisions that businesses make. Which of the following best describes their role in this process?

A) Executing strategies set by the CEO
B) Generating information
C) Maximising value
D) Providing preliminary insight

Solutions: