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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following is an advantage of outsourcing?

A) Core competence may be strengthened
B) Cost savings may be made
C) Continuity is guaranteed
D) Data confidentiality is stengthened

2. The secondary objectives of a not-for-profit organisation are economy, efficiency and effectiveness.
Which of the following gives the correct description of each of these?

A) Economy: Controlling costs.
Efficiency: A measure of achievement by reference to objectives.
Effectiveness: Achieving objectives at minimum cost.
B) Economy: Controlling costs.
Efficiency: Achieving objectives at minimum cost
Effectiveness A measure of achievement by reference to objectives
C) Economy: Achieving objectives at minimum cost.
Efficiency: Controlling costs.
Effectiveness A measure of achievement by reference to objectives
D) Economy Achieving objectives at minimum cost
Efficiency: A measure of achievement by reference to objectives
Effectiveness Controlling costs.

3. Which TWO of the following are important aspects of the product in the marketing mix?

A) Advertising
B) Distribution
C) Brand image
D) Warranties
E) Sponsorship

4. MN College (limited by guarantee) aims to ensure that each student achieves their qualification and gains employment. Which THREE of the following are suitable measures of performance for MN College?

A) Efficiency
B) Number of lecturers.
C) Effectiveness
D) Number of students
E) Economic
F) Enhanced

5. The coherent approach for organising, governing, analysing and deploying an organisations' information assets' Which of the following does the above statement describe?

A) Data Modelling
B) Data Strategy
C) Data Manipulation
D) Data Analysis

Solutions: