Free CIMA CIMAPRA19-P02-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRA19-P02-1-ENG exam questions and correct answers

Page: 1 / 41

Total 205 Questions | Updated On: Mar 26, 2025

Add To Cart

Question 1

A company manufactures and sells a range of products. Relevant data for one unit of a particular product are as follows.

The company is using target costing to ensure that it achieves a contribution of 40% of the market selling price.
In order to achieve the target cost, by how much does the company need to reduce the variable cost per unit?

A : $ 2.10

B : $ 0.50

C : $ 1.40

D : $ 2.60

Answer: B

Question 2

A company is classifying its quality costs to prepare a quality cost report. Which of the following are conformance costs?
Select ALL that apply.

A : ternal Failure Costs

B : evention Costs

C : praisal Costs

Answer: B,C

Question 3

Firefighters risk serious and potentially fatal accidents whenever they attend an incident.
Which of the following statements is correct?

A : risk of serious accidents should be accepted in all but the most extreme incidents.

B : risk of serious accidents should always be accepted because that is what firefighters are paid to do.

C : risk of serious accidents should be avoided because the risk has a high probability and a high impact.

D : ery incident should be the subject of a detailed and thorough risk assessment before the firefighters are permitted to respond.

Answer: A

Question 4

An organization is competing in the high technology market. It sets a high sales price for its products initially to target the early adopters, and then the price is gradually reduced.
This pricing strategy is known as:

A : rket skimming

B : netration pricing

C : emium pricing

D : leader pricing

Answer: A

Question 5

How does beyond budgeting NOT help to resolve the weaknesses of traditional budgeting? Select ALL that apply.

A : nagers are set goals and targets to achieve rather than abiding by strict budgets and variances.

B : nagers have a much larger scope of business goals that when achieved, will increase shareholder value.

C : nagers are given more freedom and control over their business units under Beyond budgeting.

D : nagers focus on keeping costs low in the short term to ensure maximised profits.

E : nagers are given incentives to meet or undercut budgets.

F : nagers are encouraged to designate responsibility to others to lessen their workload so they may concentrate on important tasks.

Answer: A,D

Page: 1 / 41

Total 205 Questions | Updated On: Mar 26, 2025

Add To Cart