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CIMA Managing Finance in a Digital World Sample Questions:

1. Velocity is one of the defining characteristics of Big Data. Which of the following most accurately defines what this means?

A) The volume of the data
B) The different formats of data
C) The speed of data creation
D) The validity of data

2. JNN Company, an engineering business, is seeking a bank loan to invest in the product expansion of a new device which dramatically reduces pollution from road vehicles.
Sales have seen a rapid increase and other organisations have also developed similar products.
In order to successfully obtain the loan, the bank requires a report of quantitative information regarding the new device Which of the following is most likely to satisfy the bank's requirements to supply the required loan?

A) A chart indicating the rapid sales growth.
B) Employee survey results regarding new training requirements.
C) A numerical indication of the increase in sales and market share.
D) Customer survey results for the new device.

3. Which of the following is a cost of information?

A) Improving product design
B) Improving system design
C) Improving pricing strategies
D) Improving marketing strategies

4. H works in the finance function and has been asked by the Finance Manager to draft a report to be part of the annual update to go out to all the employees of the organisation H informs the Finance Manager the intention is to include a whole range of financial information including ratios and comparisons for the previous years in the report Which of the following qualities of good information should H be most concerned with when producing the report?

A) Questioning
B) Relevant
C) Accurate
D) Adaptable

5. Which of the following statements best describes quantitative information?

A) Information that is difficult to record and process.
B) Information that is often in the form of opinions
C) Information that is derived from case studies.
D) Information that comes from data normally expressed as numbers.

Solutions: