Digital Finance Essentials Quiz 4

Systems thinking encourages:

• Linear problem solving
• Focusing only on financial ratios
• Seeing interconnections and feedback loops
• Isolated team silos

A financial process viewed through systems thinking is:

• Quarterly reports only
• Profit margin comparison
• Budgeting's impact on hiring and training
• Forecast accuracy only

Key element in systems thinking:

• Single variable analysis
• Feedback loops
• Static reporting
• Ignoring externalities

Which mindset aligns with systems thinking?

• Fix-it-fast
• Cause-effect isolation
• Pattern recognition and leverage
• Audit-driven decisions

Which are true of systems thinking? (Select two)

• Considers relationships between elements
• Avoids complexity
• Focuses on short-term gains
• Uses dynamic views of processes

What does distributed cognition emphasize?

• Cognitive load on a single person
• Isolated analysis
• Shared knowledge across people and tools
• One-person responsibility

Which example shows distributed cognition?

• Manual spreadsheet calculation
• AI providing insights to finance teams
• Individual budget guesses
• Paper filing systems

Tech enabling distributed cognition includes:

• Filing cabinets
• ERP systems with real-time data sharing
• Fax machines
• Locked Excel files

A barrier to distributed cognition:

• Shared dashboards
• Data silos and lack of integration
• Cloud platforms
• Training workshops

Which are true about distributed cognition? (Select two)

• Tools can support mental processes
• Only humans do thinking
• Includes collaboration and memory sharing
• Occurs only in meetings