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CIMA Managing Finance in a Digital World Sample Questions:
1. From the following, which best defines Business Process Re-engineering (BPR)?
A) BPR involves fundamental changes in the way the organisation operates.
B) BPR is the continuous examination and improvement of processes.
C) BPR is based on the idea that 80% of an outcome is dependant on only 20% of the inputs.
D) The main aim of BPR is to save costs
2. Capturing and utilising big data is now a key element of many organisations' value adding process. Which of the following best describes the attribute of big data velocity*?
A) The capability to swiftly capture and process data in real time
B) The capability to process internal and external data
C) The capacity to process large quantities of data
D) The capability to validate data to tolerable levels
3. Which of the following are measures a business might introduce specifically as part of its Corporate Social Responsibility (CSR) strategy?
Select ALL that apply.
A) Using different waste bins for recycling and non-recycling
B) Negotiating with a supplier to keep costs to a minimum
C) Reducing the range of different products it makes
D) Commissioning a report on carbon dioxide (CO2) emissions from its factories
4. Vladimir is the managing director of a IT repair business called Screenhax. The company has been operating for 10 years and has around 60 members of staff.
Donald, one of Vladimir employees, committed the act of 'skimming".
What did Donald do?
A) Donald's wife had a problem with her computer, so he stole one of the shop's refurbished computers and gave it to her to use.
B) Donald was responsible for paying all employees at Screenhax. He took advantage of this responsibility by creating a fictitious person and directing money to their account.
C) Donald repaired a customer's broken computer but did not register the job through the computer system.
He then pocketed the cosh.
D) Donald stole IT equipment from the shop.
E) Donald borrowed the Screenhax repair van and used it for his own personal commitments without the consent from Vladimir.
5. T Company has recently appointed J as Chief Data Officer
One of the responsibilities of the appointment is to ensure compliance with the General Data Protection Regulations (GDPR) in force in the jurisdiction J's first action was to carry out an internal audit of GDPR compliance Which THREE of the following audit findings are indicators that T Company is compliant with GDPR''
A) Customer data is deleted when no longer required.
B) Most of the staff were fully aware of their data protection responsibilities.
C) 98% of customer records were found to be accurate and up to date.
D) Personal data is kept on a secure server, protected by a firewall
E) Customers are given the option of unsubscribing from marketing emails
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A,D | Question # 4 Answer: C | Question # 5 Answer: A,C,D |




