Exam Name: Managing Finance in a Digital World
Certification Provider: CIMA
Corresponding Certification: CIMA Certification
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CIMA E1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Role of the Finance Function | 30% | - Purpose and activities of the finance function
|
| Technology in a Digital World | 30% | - Digital technologies and data
|
| Shape and Structure of the Finance Function | 20% | - Finance operating models
|
| Data and Information in a Digital World | 20% | - Data-driven decision making
|
CIMA Managing Finance in a Digital World Sample Questions:
From the following, which best defines Business Process Re-engineering (BPR)?
- A. BPR involves fundamental changes in the way the organisation operates.
- B. The main aim of BPR is to save costs
- C. BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.
- D. BPR is the continuous examination and improvement of processes.
Correct Answer: A 🗳️
C Company is a manufacturer of components for the electronics industry. Although enjoying healthy returns in the past, results for the last two years have shown a decline in profit. G has been brought in as the new Operations Manager. In her previous role, she was responsible for turning around a struggling organisation by using process mapping tools and she feels that this approach could also benefit her new company. Which of the following is NOT a feature of process mapping?
- A. Develop new improved processes to reduce or eliminate inefficiency
- B. Identify the most suitable supplier of raw materials
- C. Establish what is currently happening and why
- D. Measure how efficiently the process is working
Correct Answer: B 🗳️
When involved in business decision making it is important to observe the concept of objectivity. Which THREE of the following are examples of an effective application of this concept?
- A. Maintaining technical and professional standards
- B. Being honest and truthful in business relationships
- C. Not disclosing confidential information
- D. Not being influenced by other people
- E. Not allowing bias to influence opinion
- F. Not allowing conflict of interest to influence decisions
Correct Answer: D,E,F 🗳️
Which of the following organisations would best describe a 'professional bureaucracy'?
- A. A project based company
- B. A newsagent
- C. A manufacturing company
- D. A hospital
Correct Answer: D 🗳️
Company Y is very bureaucratic. The managers attend high numbers of planning meetings and the employees often complain of being micro-managed. According to Hofstede, which dimension is being described within the culture of Company Y?
- A. Masculinity
- B. Power distance
- C. Long-term orientation
- D. Uncertainty avoidance
Correct Answer: D 🗳️
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