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Managing Finance in a Digital World Questions 66–70 (page: 15)

Updated On: 10-Feb-2026

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?

  1. Statistical process control
  2. Material requirements planning
  3. Lean thinking
  4. Reverse logistics

Answer(s): A



Which of the following are advantages of outsourcing finance? Select ALL that apply.

  1. Can help to keep costs down and improve quality.
  2. There is a known fee if agreed in advance.
  3. Allows the organisation's management to focus on its core operations and core issues.
  4. Increased control.
  5. Level of independence is increased.
  6. The external organisation/individual has an increased understanding of the outsourcing business.
  7. Increased confidentiality.
  8. Internal expertise is improved.

Answer(s): A,B,C



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?

  1. Virtual
  2. Matrix
  3. Outsourced
  4. Modular

Answer(s): C



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

  1. Hobbies and interests
  2. Organisation structure, charts and reporting lines
  3. Culture and values, including ethical issues
  4. Financial issues including salary payment dates and expense procedures
  5. Personal health issues
  6. Family connections with the business

Answer(s): B,C,D



Digital interactive marketing does NOT involve the use of which of the following?

  1. Emails
  2. Mobile phones
  3. Radio commercials
  4. Social media

Answer(s): C



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