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Managing Finance in a Digital World Questions and Answers

Question 9

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

Options:

Hobbies and interests

Organisation structure, charts and reporting lines

Culture and values, including ethical issues

Financial issues including salary payment dates and expense procedures

Personal health issues

Family connections with the business

Question 10

Accountants and finance professionals in the future will see the basic routine transactional work reduce with a shift to higher level skills

Which of the following best describes business acumen?

Options:

An ability to add value through analysing data and provide insight that will help the business.

An ability to effectively communicate, showing empathy and understanding of individuals in the business

An ability to understand and respond to a wide range of aspects relevant to a business situation

An ability to understand and be sceptical about the information provided to the business

Question 11

Company V has made the decision to operate using Six Sigma in order to manage the supply chain within the production process. What process below is the method used to continually monitor and chart a process while it is operating?

Options:

Statistical process control

Material requirements planning

Lean thinking

Reverse logistics

Question 12

C Company is a manufacturer of components for the electronics industry. Although enjoying healthy returns in the past, results for the last two years have shown a decline in profit. G has been brought in as the new Operations Manager. In her previous role, she was responsible for turning around a struggling organisation by using process mapping tools and she feels that this approach could also benefit her new company. Which of the following is NOT a feature of process mapping?

Options:

Establish what is currently happening and why

Measure how efficiently the process is working

Identify the most suitable supplier of raw materials

Develop new improved processes to reduce or eliminate inefficiency

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Managing Finance in a Digital World Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce