CIMA CIMA Certification E1

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CIMA Managing Finance in a Digital World Sample Questions:

1. General Data Protection Regulation (GDPR) legislation in the EU attempts to ensure that organisations follow certain principles.
Which of the following is contained in these principles?

A) Data must be used lawfully but transparency is not required
B) Data that is adequate and relevant can be used in any way
C) Data can be kept for longer than necessary so long as it is secure.
D) Data must be accurate, and where required, kept up-to-date

2. Mita has set up a number of food shops and spends a lot of her time finding suitable staff Her key strength is going to farmers' wholesale markets and selecting her suppliers She also carries out all the accounting functions and maintains the shops by acting as her own caretaker, carrying out repairs and maintenance at the weekends Which aspect of the work would Mita be LEAST LIKELY to outsource?

A) Human resources
B) Accounting
C) Sourcing the suppliers
D) Repairs and maintenance

3. There are many stakeholders who have an interest in an organisation.
Which TWO of the following are connected stakeholders?

A) Shareholder
B) Employee
C) Trade union
D) Customer
E) Government

4. One of the characteristics of Big Data is velocity. Which of the following most accurately defines what this means?

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

5. Organisation X is 6 months into an overhaul in its supply chain management and production process.
The organisation aims to prevent errors before they occur, demands participation by all, including customers and suppliers, and the structure is driven by the entire Board of Directors. Which method of management has Organisation X adopted?

A) Total Quality Management
B) Quality Circles
C) Kaizen
D) Six Sigma

Solutions: