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CIMA E1 Exam Syllabus Topics:

CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following are advantages of a virtual team?
Select ALL that apply.

A) It is easier to establish decision making processes.
B) Members do not feel isolated.
C) The costs of a central office are not needed.
D) New members can be brought in and out of the team easily.

2. In order to understand the potential for conflict over the functioning of a finance department, B organisation's new Chief Financial Officer has prepared a power/interest (Mendelow) matrix. How should the Chief Financial Officer treat groups with high levels of interest but relatively low power when determining the role of the function?

A) Treat these groups as key players
B) Take minimal effort with these groups
C) Keep these groups informed
D) Keep these groups satisfied

3. 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 intranet
C) An internet
D) An extranet

4. JKL is a rapidly growing supermarket chain and is considering merging with a smaller competitor to continue its expansion plans T works within the finance department and is assisting in the decision making process by preparing summary reports concerning the merger.
What level of decision making is T supporting?

A) Tactical
B) Strategic
C) Operational
D) Transactional

5. There are four stages of development of supply chain management, according to Reck and Long's strategic positioning tool. Which stage of this model does the following description identify?
Emphasis is on better co-ordination between departments and suppliers involving timely communication about changes in price and availability of materials.

A) The independent stage
B) The passive stage
C) The integrative stage
D) The supportive stage

Solutions: