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CIMA Managing Finance in a Digital World Sample Questions:

1. When implementing a new IT system and according to the theory of Kotter, Schlesinger and Sache, which of the following is a benefit of using participation as a way of overcoming resistance to change?

A) Understanding the benefits will lead to acceptance.
B) Compromise will overcome resistance.
C) Involving user expertise will encourage commitment.
D) Conflict is dealt with in an orderly fashion.

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) Separation
B) Development
C) Maintenance
D) Acquisition

3. Y Company is an online retailer of sportswear. It has software that monitors customers' search history.
On a weekly basis, the software automatically generates emails that are sent to specific customers offering special offers based on the items that the customer searched for, but didn't purchase, during the previous week.
Which of the following areas of marketing is this process assisting?

A) Targeting
B) Place
C) Pricing
D) Segmentation

4. When involved in business decision making it is important to observe the concept of objectivity. Which THREE of the following are examples of an effective application of this concept?

A) Not being influenced by other people
B) Being honest and truthful in business relationships
C) Maintaining technical and professional standards
D) Not disclosing confidential information
E) Not allowing conflict of interest to influence decisions
F) Not allowing bias to influence opinion

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

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