CIMA Managing Finance in a Digital World : E1

  • Exam Code: E1
  • Exam Name: Managing Finance in a Digital World
  • Updated: Sep 05, 2025     Q & A: 335 Questions and Answers

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CIMA Managing Finance in a Digital World Sample Questions:

1. A company is expanding its baby clothing product range to include all items for infants, for example feeding and bathing equipment. As this is a new venture for the company, the Board of Directors has agreed that market research is a necessary exercise, but it is undecided as to which is the most efficient and effective method. Which of the following methods of research would be most appropriate?

A) Focus groups
B) Interviews
C) Questionnaires
D) Experimentation


2. Which of the following organisations would best describe a 'professional bureaucracy'?

A) A manufacturing company
B) A newsagent
C) A hospital
D) A project based company


3. Which TWO of the following tasks is associated with a Finance Department's Management Accounting section?

A) Verifying systems of control
B) Providing management with decision making information
C) Preparing investment appraisals
D) Arranging for the financing of plans made
E) Dealing with tax administration
F) Corporate governance compliance within the organisation


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

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


5. There are four approaches to system changeover, each of which varies in terms of risk, cost and time. When there is a need to minimise costs and time the most suitable approach would be:

A) Direct changeover
B) Parallel running
C) Phased changeover
D) Pilot operation


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: B,C
Question # 4
Answer: A
Question # 5
Answer: A

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