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CIMA Managing Finance in a Digital World Sample Questions:

1. Different types of organisation exist for different purposes. Match the types of organisation to the appropriate purpose.

2. Company P has revised its corporate and marketing objectives following a recent expansion in the primary market within which it operates. The next step is to devise an appropriate marketing strategy. Company P has conducted primary and secondary market research and this information is in the process of being analysed to establish the needs of the subjects. At which stage of the marketing strategy process is Company P?

A) Positioning
B) Targeting
C) Segmentation
D) Marketing mix

3. A manufacturing company had major issues with quality standards and as a result received a number of complaints from its customers.
Due to this the company's senior management has considered some new objectives for the business.
Which of the following comply with all requirements of a SMART objective and will help to overcome this issue?
Select ALL that apply.

A) To increase output from 2,500 units per hour to 3,500 units per hour within a year.
B) To reduce defects from 53 per 1000 to 35 per 10,000 within 10 months.
C) To reduce the number of complaints from 754 to 450 as soon as possible
D) To reduce the current level of defects from Oper 1,000 to 35 per 1,000 by the end of the month.
E) To reduce the number of complaints due to quality issues by 28% by the end of the year.
F) To reduce quality issues significantly within eight weeks.

4. Karl runs a factory. He wants his employs to feel that their role in the company has meaning.
Which of the following would help to make his employees feel this way?

A) Ensure each employee has a degree of independence and flexibility.
B) Ensure each task has a clear identity, with it being made clear how that task fits into the overall operation.
C) Ensure each task is significant in some way.
D) Ensure employees can see the results of their work.
E) Ensure that all employees have a variety of jobs to do.

5. Which of the following is an example of a computerised system that is used to plan production requirements of raw materials, work-in-progress and finished goods?

A) Manufacturing resource planning (MRP II)
B) Total quality management (TQM)
C) Enterprise resource planning (ERP)
D) Material requirement planning (MRP)

Solutions: