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CIMA Managing Finance in a Digital World Sample Questions:

1. An entity has several subsidiaries including F, which has an urgent staffing issue. The Financial Controller of F is due to start her maternity leave in 3 weeks time and there is currently a recruitment freeze in place to curtail employment costs. Human Resources needs to resolve the issue of covering the Financial Controller's position on a temporary basis. Which TWO of the options below will be suitable in these circumstances?

A) Internal promotion
B) Early retirement
C) Job enlargement
D) Secondment
E) Job rotation

2. Data profiling forms an essential element of the extraction transformation and loading process. Which of the following best describes data profiling?

A) Data being processed into the destination database ready for use
B) The process of harvesting data from source databases and locations
C) Storing data in a systematic and logical way ready for further interrogation.
D) Examining the data to understand its content formats and structure.

3. A business is seeking to introduce TQM. It gets some advice from a business consultant on how to ensure it is successful in its implementation. Which of the following are likely to be included in the advice they receive?
Select ALL that apply.

A) Communicate frequently to your business.
B) Motivate and train your staff to take up the ethos of quality.
C) Introduce a TQM department in the organisational structure.
D) Encourage the sharing of ideas.
E) Ensure TQM gets strategic focus.
F) Ensure a clear budget is identified for TQM.
G) Get your suppliers involved in TQM.
H) Gain full commitment from your entire management team.
I) Give a fixed time scale for the TQM project.

4. In preparation for GD Company's annual people resourcing meeting, PR is creating the HR Plan for the Finance Directorate. He is currently collecting information for the second stage of the plan i.e. Internal Analysis. Which THREE of the following will PR need information about for this stage?

A) Turnover of staff
B) Population trends
C) Identification of excess staff
D) Identification of shortages of staff
E) Levels of absenteeism
F) Staff potential

5. Company V has made the decision to operate using Six Sigma in order to manage the supply chain within the production process. What process below is the method used to continually monitor and chart a process while it is operating?

A) Reverse logistics
B) Statistical process control
C) Material requirements planning
D) Lean thinking

Solutions: