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| Section | Objectives |
|---|---|
| The Digital World and Business Environment | - Digital transformation in finance and business models - Impact of digital technologies on organisations |
| Data and Information in Organisations | - Data collection, management, and quality - Data analytics and decision-making support |
| Finance Function in a Digital Environment | - Role of finance professionals in digital organisations - Automation and digital finance processes |
| Information Systems and Technology | - Enterprise systems and financial information systems - Cybersecurity and data governance basics |
1. A cut-flower production business has peaks of demand around special days in the year that celebrate religious festivals. Which of the Four Vs of operations is being described in the above scenario?
A) Volume
B) Variation
C) Velocity
D) Variety
2. Continued improvements in Information Technology have encouraged organisations to use IT increasingly to assist in their development. Which of the following is such an improvement in IT?
A) Improved decision making processes
B) Improved communications systems
C) Increased data storage capacity
D) Improved operations and manufacturing processes
3. Data warehousing is an essential element of the extraction transformation and loading process.
Which of the following best describes data warehousing?
A) The process of harvesting data from source databases and locations.
B) Examining the data to understand its content formats and structure
C) Data being processed into the destination database ready for use.
D) Storing data in a systematic and logical way ready for further interrogation.
4. Which of the following is a primary objective of a not-for-profit organisation?
A) Economy - controlling costs
B) Maximise owner wealth
C) Effectiveness in achieving objectives
D) Maximise benefit to beneficiaries
5. Which of the following does the Data Protection Act 1998 attempt to protect?
A) The directors
B) The employee
C) The shareholders
D) The individual
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: D |
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