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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following would work as Support Staff in Mintzberg's organisational structure?

A) HR managers
B) Line supervisors
C) Accountants
D) Press relations staff

2. Which of the following does the Data Protection Act 1998 attempt to protect?

A) The directors
B) The employee
C) The shareholders
D) The individual

3. DTR is a publishing company specialising in the production of technical journals and product specifications Because of the volumes of information required to run the business effectively, the finance function of the company is considering migrating to cloud based technologies.
Which of the following is most likely to be a benefit of such a move for the company?

A) Established work patterns
B) Improved version control
C) Access to stand alone systems
D) Periodic system updates

4. Which of the following best describes the concept of corporate digital responsibility?

A) It is the idea that organisations should be sensitive to all digital stakeholders.
B) It is a set of best practice guidelines that adhere to the spirit of the law in digital matters.
C) It is a voluntary commitment by organisations to go beyond compliance with technology and data legislation.
D) It is legislation which details principles about data such as only using it in a fair, lawful and transparent way.

5. The Finance Manager of HLL Company, a large energy provider, has organised a finance function staff meeting to discuss the potential use of big data systems.
The main point on the meeting agenda is whether the business has the available resources to store and manage the data that will be available and whether it has the financial resources to upgrade the information technology systems.
Which of the following features of big data will these discussions most likely involve?

A) Volume
B) Variety
C) Veracity
D) Velocity

Solutions: