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Managing Finance in a Digital World

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Total Questions : 336

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Question # 11

An effective induction programme will typically focus on which THREE of the following?

Options:

A.  

Hobbies and interests

B.  

Organisation structure, charts and reporting lines

C.  

Culture and values, including ethical issues

D.  

Financial issues including salary payment dates and expense procedures

E.  

Personal health issues

F.  

Family connections with the business

Discussion 0
Question # 12

Which of the following is associated with the control aspect of the finance function?

Options:

A.  

Amendment of original budgets

B.  

Pricing decisions

C.  

Investment decisions

D.  

Strategy formulation

Discussion 0
Question # 13

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

Options:

A.  

Maintaining a level capacity plan

B.  

Matching production capacity to demand 

C.  

Influencing demand to match production capacity

D.  

Forecasting demand and matching this to production capacity

Discussion 0
Question # 14

The marketing environment includes political, economic, social, technological, ecological and legal factors affecting marketing (PESTEL). Select THREE examples of economic factors.

Options:

A.  

Consumers' propensity to save

B.  

Interest rates

C.  

The introduction of new legislation relating to business tax

D.  

The rate of inflation

E.  

New ways of distribution

F.  

Social mobility

Discussion 0
Question # 15

Which of the following will mean a company has breached a General Data Protection Regulation (GDPR) principle'?

Options:

A.  

Data has been deleted after it is no longer required

B.  

Data has been used fairly, lawfully and transparently

C.  

Data has been kept for longer than necessary

D.  

Data has been kept securely with restricted access

Discussion 0
Question # 16

Which of the following is an example of operational information?

Options:

A.  

Payroll details

B.  

 Inventory values

C.  

Sales analysis

D.  

Productivity measures

Discussion 0
Question # 17

Stephanie has just secured a job as a management accountant for a well-known banking firm. She needs to understand the organisation's financial position.

What should she do first in order to gain this understanding?

Options:

A.  

Record the organisation's transactions in the books of prime entry.

B.  

Inform the tax authorities of the organisation's revenues.

C.  

Total all the day books and enter them into ledgers.

D.  

Submit the company's accounts to the IFRS.

Discussion 0
Question # 18

Which of the following sources of data will have limited usefulness to finance professionals?

Options:

A.  

Weekly sales report

B.  

Primary market research data

C.  

Competitors' journal articles

D.  

Output reports from production.

Discussion 0
Question # 19

Finance business partners are seen as leaders that can influence the decisions that businesses make. Which of the following best describes their role in this process?

Options:

A.  

Executing strategies set by the CEO

B.  

Providing preliminary insight

C.  

Maximising value

D.  

Generating information

Discussion 0
Question # 20

When involved in business decision making it is important to observe the concept of objectivity. Which THREE of the following are examples of an effective application of this concept?

Options:

A.  

Not allowing bias to influence opinion

B.  

Not being influenced by other people

C.  

Not allowing conflict of interest to influence decisions

D.  

Not disclosing confidential information

E.  

Being honest and truthful in business relationships

F.  

Maintaining technical and professional standards

Discussion 0
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