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CIMA Managing Finance in a Digital World Sample Questions:

1. Cyber and physical systems becoming increasingly autonomous is part of which characteristic of the 4th industrial revolution?

A) Machine-led manufacturing
B) Fusion
C) Employment
D) Artificial intelligence

2. Which of the following is a possible disadvantage associated with a matrix structure?

A) Dilution of functional authority
B) Flexibility is encouraged
C) Exchange of opinions is facilitated
D) Customer orientation is emphasised

3. F manages a portfolio of clients, as do his colleagues. All income that is earned by them is pooled to cover costs and overheads and any remaining profits are split according to an agreed formula. F and his colleagues have joint and several liability in relation to the work they carry out on the organisation's behalf.
Which of the organisation types listed below best describes the organisation that F works for?

A) Sole-trader
B) Company
C) Multinational
D) Partnership

4. Organisation X is 6 months into an overhaul in its supply chain management and production process.
The organisation aims to prevent errors before they occur, demands participation by all, including customers and suppliers, and the structure is driven by the entire Board of Directors. Which method of management has Organisation X adopted?

A) Quality Circles
B) Kaizen
C) Total Quality Management
D) Six Sigma

5. AB Company has recently produced a very successful brand of washing powder which has achieved high market growth and a high market share. According to the Boston Consulting Group (BCG) matrix what is the product's next stage of development?

A) Dog
B) Question mark
C) Star
D) Cash cow

Solutions: