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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following is an example of a computerised system that is used to plan production requirements of raw materials, work-in-progress and finished goods?

A) Enterprise resource planning (ERP)
B) Total quality management (TQM)
C) Manufacturing resource planning (MRP II)
D) Material requirement planning (MRP)

2. Which THREE of the following features are associated with a delegated sourcing strategy as part of an organisation's supply network?

A) Annual formal tendering processes for potential suppliers to undertake
B) Coordination and liaison with suppliers by the organisation's purchasing department
C) A single supplier
D) Goods provided by second tier suppliers
E) An emphasis on low costs and just-in-time delivery
F) The burden of coordination and liaison with suppliers removed from the organisation

3. AB Company is planning to implement a new IT system. The existing system runs all of the financial ledgers and is key to the running of the whole organisation. Which of the following will NOT be a suitable method for the changover of the system?

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

4. Workforce flexibility takes a number of different forms. Which of the following achieves flexibility where employees have the ability to move between tasks as and when required by the organisation?

A) Shift system flexibility
B) Functional flexibility
C) Numerical flexibility
D) Temporal flexibility

5. Which of the following is NOT an advantage of remote working for an organisation?

A) Increased co-ordination of employees
B) Reduced absenteeism of employees
C) Increased employee commitment
D) Increased employee motivation

Solutions: