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The finance function has recently migrated all accounting systems onto cloud software which is expected to considerably streamline the existing systems.

The Managing Director is keen to promote the benefits of the new software in terms of increased accuracy of reporting and availability of real time management information.

However, the Finance Director has concerns and is feeling pressured to keep quiet about the ability of the technology to achieve all that is expected

Which of the following ethical principles is highlighted within LFN?

Options:

Professional competence

Objectivity

Integrity

Confidentiality

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Question 2

Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?

Options:

Total purchases per year

Total ordering cost per order

Total inventory cost per year

The reorder quantity

Question 3

Which of the following is NOT one of the "three V's" of Big Data?

Options:

Volume

Variety

Variability

Velocity

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Managing Finance in a Digital World Questions and Answers

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