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CIMA Managing Finance in a Digital World Sample Questions:

1. Which of the following are advantages of a virtual team?
Select ALL that apply.

A) The costs of a central office are not needed.
B) Members do not feel isolated.
C) New members can be brought in and out of the team easily.
D) It is easier to establish decision making processes.

2. Company E operates a management consultancy business with four international offices. All offices specialise in helping new businesses, with all support operations dealt with by headquarters.Which of the organisational structures below would best describe Company E.

A) Functional
B) Geographical
C) Matrix
D) Divisional

3. XY is a small software development company. Which of the following are most likely to assist the organisation in facilitating innovation?
Select ALL that apply.

A) Organisational structure
B) The planning processes
C) Leadership of the organisation
D) The budgeting processes
E) Organisational culture
F) The organisational targets

4. Which TWO of the following are non-incorporated organisations?

A) P and Q who share joint responsibility for their business and all its debts
B) The British Red Cross Society, a well known charity
C) MN, a family-owned business sharing profits by means of dividends
D) K, who runs a business alone and is entitled to all profits
E) XY, an organisation whose owners can trade their shares publicly

5. Which of the following best describes a virtual team formed by individuals from different companies to achieve a common aim?

A) Functional
B) Matrix-structure organisation
C) Extended supply chain
D) Inter-organisation

Solutions: