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Managing Finance in a Digital World

Last Update Jul 11, 2024
Total Questions : 336 With Comprehensive Analysis

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Managing Finance in a Digital World Questions and Answers

Questions 1

DTR is a publishing company specialising in the production of technical journals and product specifications

Because of the volumes of information required to run the business effectively, the finance function of the company is considering migrating to cloud based technologies.

Which of the following is most likely to be a benefit of such a move for the company?



Periodic system updates


Established work patterns


Improved version control


Access to stand alone systems

Questions 2

AB Company is currently the sole supplier of raw material to XY Company and has recently increased its prices. This has been highlighted by a raw material price variance in the management reports of XY Company, and in order to correct this the Finance Director has recommended that an alternative cheaper supplier be found as soon as possible. The Purchasing Department has indicated that only AB is able to supply all of the company's requirements and has been doing so reliably to a high quality on a just-in-time (JIT) basis for many years. Finding an alternative will involve purchasing from several unknown suppliers. Which of the following are possible consequences of this decision?


Select ALL that apply.



Product profitability will increase


Inventory levels will increase


Quality will decrease


Manufacturing costs will decrease


Administration costs will decrease


Speed of production will increase

Questions 3

B is a small company that offers translation services into another language. There are very few employees and a network of translators is kept on a database Customers ask for work to be carried out through a website and B finds a suitable translator, taking a fee from the overall charge. The website is maintained by a third party

What type of organisation is this?