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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following organisations would best describe a 'professional bureaucracy'?

A) A newsagent
B) A manufacturing company
C) A hospital
D) A project based company

2. A duplication of support functions would exist under which of the following organisational structures?

A) Matrix
B) Functional
C) Project based
D) Divisional

3. Continued improvements in Information Technology have encouraged organisations to use IT increasingly to assist in their development. Which of the following is such an improvement in IT?

A) Improved decision making processes
B) Improved communications systems
C) Increased data storage capacity
D) Improved operations and manufacturing processes

4. A cut-flower production business has peaks of demand around special days in the year that celebrate religious festivals. Which of the Four Vs of operations is being described in the above scenario?

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

5. AB Company operates a capital intensive production process and cannot quickly add capacity. Which of the following best describes this production strategy?

A) Matching production capacity to demand
B) Forecasting demand and matching this to production capacity
C) Maintaining a level capacity plan
D) Influencing demand to match production capacity

Solutions: