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CIMA Managing Finance in a Digital World Sample Questions:

1. Arrange the stages of the product life-cycle in the correct order.

2. According to Ansoff, which of the following marketing strategies should be adopted when introducing an existing product to a new market?

A) Diversification
B) Market development
C) Market penetration
D) Product development

3. Following scandals such as Enron and legislation such as Sarbannes-Oxley in the US, the emphasis of the finance function of many entities has changed. This has led to which of the following?

4. 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) Direct changeover
C) Phased changeover
D) Parallel changeover

5. JKL is an online marketing agency and is currently developing its systems to improve efficiency in storing and retrieving data P works in the finance function and is currently assisting the development of a technical map of rules and data structures to enable the data to be stored effectively in JKL's new databases.
At what level of the data modelling process is P working on?

A) Logical
B) Visual
C) Physical
D) Conceptual

Solutions: