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Updated: Jul 22, 2026
Q & A: 335 Questions and Answers
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| Section | Objectives |
|---|---|
| Data and Information in Organisations | - Data analytics and decision-making support - Data collection, management, and quality |
| Information Systems and Technology | - Cybersecurity and data governance basics - Enterprise systems and financial information systems |
| Finance Function in a Digital Environment | - Role of finance professionals in digital organisations - Automation and digital finance processes |
| The Digital World and Business Environment | - Impact of digital technologies on organisations - Digital transformation in finance and business models |
1. Bright Idea Co. specialises in manufacturing light bulb filaments. It is considering outsourcing some of it activities in order to reduce costs and improve customer service.
Which of the following is an example of asset specificity that is likely to be an important consideration in their decision?
A) An R&D manager who has been in the business for 18 years and has specialist knowledge of the formulations.
B) High tech and expensive filling machines in the factory.
C) A sales director who is well known and popular throughout the industry.
D) A building that has been designed specifically for manufacturing light bulb filaments.
2. Which of the following sources of data will have limited usefulness to finance professionals?
A) Competitors' journal articles
B) Output reports from production.
C) Weekly sales report
D) Primary market research data
3. Which THREE operations management issues are associated with the primary activity of inbound logistics?
A) Effective quality control procedures
B) Economic storage of raw materials
C) Production engineering capacity
D) Efficient distribution of raw materials from warehouses to factory floor
E) Efficiency of facilities, plant and machinery
F) Effective systems for inventory record keeping
4. Company P has had a recent IS/IT audit and weaknesses were highlighted within the privacy and security section of the report. Which TWO of the following would be classed as general controls of privacy and security?
A) Hierarchy of access
B) Identification and authorisation checks
C) Validity checks
D) Completeness checks
E) Time lock-out function
5. Which of the following is NOT a form of viral marketing?
A) Video clips (including those taken on mobile phones)
B) Email
C) Television advertisement
D) Text message
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B,D,F | Question # 4 Answer: A,E | Question # 5 Answer: C |
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