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CIMA Managing Finance in a Digital World Sample Questions:

1. It can be said that ethics is a set of moral principles underpinning the concept of right and wrong. Whether an action is actually right or wrong depends on which of the following?
Select ALL that apply.

A) The government policy
B) The legality of the action
C) The consequences of the action
D) The motivation for the action
E) The organisational policy
F) The key values associated with the action

2. Which of the following is an advantage of a functional organisational structure?

A) It encourages teamwork and the exchange of opinions and expertise.
B) There is a clear career path for employees to work their way up through.
C) The structure is easily adapted for further diversification.
D) The owner has a greater level of control over the workforce and all decisions.

3. The growth and success of virtual teams have been a result of which THREE developments becoming available to organisations?

A) Safe transfer of funds electronically
B) Computer-aided design processes
C) Accurate systems of inventory management
D) Efficient broadband connections
E) Remote on-line meetings
F) Electronic information sharing

4. Which of the following is NOT a component of the working capital cycle?

A) The time taken by customers to pay for the goods
B) The time taken to produce the goods
C) The average time that raw materials remain in inventory
D) The time taken by the bank to approve lending

5. H works in an organisation that supplies advertising space in prominent areas in inner cities. She frequently works at client premises with limited time spent at the office headquarters. H's colleagues also work in the same manner and the organisation has reduced office space as most employees are not in the office all at the same time. Instead, a bank of work stations are provided for sales staff with telephones and internet connections. Which of the following working arrangements is described above as being provided by the organisation?

A) Remote working
B) Job sharing
C) Teleworking
D) Hot desking

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