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CIMA Advanced Management Accounting P2 Question # 48 Topic 5 Discussion

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CIMA Advanced Management Accounting P2 Question # 48 Topic 5 Discussion

P2 Exam Topic 5 Question 48 Discussion:
Question #: 48
Topic #: 5

A small company currently uses an information system that was implemented several years ago and is based entirely on internal data. The company is considering replacing it with a more up to date system. It has been suggested that the new system should include the use of big data.

Which TWO of the following statements are correct?
A.

Big data can provide a small company with useful information in the quest for competitive advantage.

B.

Big data is concerned solely with a dramatic increase in the amount of internal data stored.

C.

Big data can be used by a small company to identify new opportunities.

D.

It is not possible to value the potential benefits to a small company of an improved information system.

E.

Big data is only applicable to large companies which have substantial funds to invest in information systems.

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Actual exam question for CIMA P2 exam by Jett34235 at Aug 3, 2025, 12:00:00 AM

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