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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following describes a disadvantage of succession planning?

A) It motivates employees as rewards are visible.
B) Planning requires resources to manage it.
C) It develops career structures.
D) It can be cheaper than advertising.

2. Corporate governance in the UK, that provides guidance regarding areas such as directors, internal controls and remuneration, is largely defined by which of the following?

A) Greenbury report
B) Combined Code
C) Cadbury report
D) Hampel report

3. H works in an organisation that supplies advertising space in prominent areas in inner cities. She frequently works at client premises with limited time spent at the office headquarters. H's colleagues also work in the same manner and the organisation has reduced office space as most employees are not in the office all at the same time. Instead, a bank of work stations are provided for sales staff with telephones and internet connections. Which of the following working arrangements is described above as being provided by the organisation?

A) Job sharing
B) Teleworking
C) Hot desking
D) Remote working

4. An effective induction programme will typically focus on which THREE of the following?

A) Personal health issues
B) Organisation structure, charts and reporting lines
C) Financial issues including salary payment dates and expense procedures
D) Culture and values, including ethical issues
E) Family connections with the business
F) Hobbies and interests

5. Company P has had a recent IS/IT audit and weaknesses were highlighted within the privacy and security section of the report. Which TWO of the following would be classed as general controls of privacy and security?

A) Hierarchy of access
B) Time lock-out function
C) Identification and authorisation checks
D) Validity checks
E) Completeness checks

Solutions: