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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following provides the best description of an intranet?

A) Authorised outsiders use networked computers to access information held on a server.
B) Employees use networked computers to access information held on a server.
C) A worldwide network of computers.
D) A collection of data organised to service many applications providing access to a wide variety of users.

2. In a new initiative, Company O has been putting a lot of emphasis on internal awareness of Corporate Social Responsibility and creating value for it's stakeholders. A huge part of this has been about focusing on recycling and making departments accountable.
In order to assist with the achievement of goals in this area, a process has been designed to give some structure to measuring value for each department. Each of the process elements are listed below. Place the steps against each of these to indicate the correct sequence.

3. Which of the following best describes the concept of corporate digital responsibility?

A) It is a set of best practice guidelines that adhere to the spirit of the law in digital matters.
B) It is the idea that organisations should be sensitive to all digital stakeholders.
C) It is a voluntary commitment by organisations to go beyond compliance with technology and data legislation.
D) It is legislation which details principles about data such as only using it in a fair, lawful and transparent way.

4. S is employed within the accounting function of a small company. Due to the size of the company, there are not enough resources for separate accounting functions so S is responsible for both management and financial accounting tasks. As the company is so small there is no requirement for audit. However it does make use of the services of an external certified accountant for statutory accounting and taxation services.
According to Mintzberg, in which part of the organisation does the external accountant belong?

A) Strategic apex
B) Technostructure
C) Operating core
D) Support staff

5. The structure of an organisation is likely to change as the organisation develops and grows. Which type of structure is associated with an organisation which is in its early days?

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

Solutions: