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CIMA Managing Finance in a Digital World Sample Questions:

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

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

2. Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?

A) Efficiency is at least equal to other organisational operations such as payroll and invoicing.
B) Suppliers are viewed as vital partners.
C) Supply is obtained at the best price once requested by departments.
D) Competitive strategies rely on the effectiveness of organisational purchasing.
E) Purchasing managers are involved in strategy development.
F) Timely information about product prices and availability can be obtained through organisational systems.

3. The marketing environment includes political, economic, social, technological, ecological and legal factors affecting marketing (PESTEL). Select THREE examples of economic factors.

A) New ways of distribution
B) Social mobility
C) Consumers' propensity to save
D) The rate of inflation
E) The introduction of new legislation relating to business tax
F) Interest rates

4. Company V has traditionally sold children's toys from retail outlets. It is now exploring online retailing, or e-commerce, to expand its customer base. Which channel of distribution is Company V expanding into?

A) Multiple level channel
B) Level zero channel
C) Level two channel
D) Level one channel

5. Which TWO of the following are examples of a knowledge work system?

A) Computer Aided Manufacturing (CAM)
B) Materials Resource Planning (MRP)
C) Computer Aided Design (CAD)
D) Transaction Processing System (TPS)

Solutions: