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CIMA Managing Finance in a Digital World Sample Questions:

1. Company Q is a relatively small company but expanding quickly. In this period of rapid growth it feels that now is the time to add a Human Resource presence and support, but does not wish to add a permanent department within the organisational structure. What is the best option for Company Q?

A) In-house Human Resource department
B) Virtual Human Resource department
C) Networked Human Resource department
D) Project based Human Resource department

2. Which of the following statements best describes data extraction?

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

3. Lancaster and Withey (2003) identifies five steps in consumer decision making. Which THREE are valid?

A) Evaluation of the sellers website
B) Post purchase evaluation
C) The purchase decision
D) The sale decision
E) Need/problem recognition

4. Which of the following do working capital reports include?

A) Budgets
B) Performance reports
C) Cash reports
D) Cost of sales

5. Company A works closely with its customers, suppliers and other business partners. It securely shares part of its private network with this group of stakeholders Which of the following best describes the type of network that Company A operates?

A) A database
B) An extranet
C) An internet
D) An intranet

Solutions: