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CIMA Managing Finance in a Digital World Sample Questions:

1. Which one of the following structures primarily suits a nationwide business with three product lines; for example, soup, condiments and baby food?

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

2. There are various roles within the finance and accounting function. A trainee accountant first joining the profession can take some time learning the different aspects of each before making a decision on specialising in any particular direction.
Below are different components of the finance function. Match these with the examples of responsibilities listed.

3. Unclear cost and profit responsibilities can be a feature of which type of organisational structure?

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

4. Which of the following will mean a company has breached a General Data Protection Regulation (GDPR) principle'?

A) Data has been deleted after it is no longer required
B) Data has been used fairly, lawfully and transparently
C) Data has been kept securely with restricted access
D) Data has been kept for longer than necessary

5. A cut-flower production business has peaks of demand around special days in the year that celebrate religious festivals. Which of the Four Vs of operations is being described in the above scenario?

A) Velocity
B) Volume
C) Variation
D) Variety

Solutions: