Free CIMA CIMAPRO19-P01-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRO19-P01-1-ENG exam questions and correct answers

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Total 261 Questions | Updated On: Dec 08, 2025

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Question 1

The labour requirement for a special contract is 250 skilled labour hours paid at $10 per hour and 750 semi-skilled labour hours paid at $8 per hour.
At present, skilled labour is fully utilised on other contracts which generate a $12 contribution per hour, after charging labour costs. Additional skilled labour is unavailable in the short term.
There is a surplus of 1,200 semi-skilled hours over the period of the contract but the firm has a policy of no redundancies.
The relevant cost of labour for the special contract is:

A : $ 5,500

B : $ 3,000

C : $ 8,500

D : $ 11,500

Answer: A

Question 2

Which TWO of the following statements are true for obtaining a reliable forecast from a time series?

A : ere must be an increasing trend.

B : past trend must continue in the future.

C : past pattern of seasonal variations must continue in the future.

D : trapolation of the trend must be avoided.

E : ere must be a decreasing trend.

Answer: B,C

Question 3

Some of the movements in a time series follow a pattern over time.
Which type of movement does NOT follow a pattern over time?

A : end

B : clical variation

C : ndom variation

D : asonal variation

Answer: C

Question 4

A university is trying to decide whether or not to advertise a new post-graduate degree programme. The number of students starting the programme is dependent on economic conditions. If conditions are poor, it is expected that the programme will attract 40 students without advertising. There is a 60% chance that economic conditions will be poor. If economic conditions are good it is expected that the programme will attract only 20 students without advertising. There is a 40% chance that economic conditions will be good.

If the programme is advertised and economic conditions are poor, there is a 65% chance that the advertising will stimulate further demand and student numbers will increase to 50. If economic conditions are good, there is a 25% chance the advertising will stimulate further demand and numbers will increase to 25 students.

The profit expected, before deducting the cost of advertising, at different levels of student numbers are as follows:

The cost of advertising the programme will be $15,000.

Required:

Demonstrate, using a decision tree, whether the programme should be advertised.

A : , the programme should be advertised as the profit will be $82000

B : , the programme should be advertised as the profit will be $92000

C : , the programme should not be advertised as there will be a loss $82000

D : , the programme should not be advertised as there will be a loss $92000

Answer: A

Question 5

Explain how probability analysis could be used to assess the risk of the evaluated projects.

Select all the true statements.

A : company can determine a range of possible outcomes for each of the cash flows in the project, for example, a high, low and medium estimate of each cash flow could be determined.

B : net present value (NPV) of the project, if all high, low or medium estimates occurred, can be calculated along with the combined probabilities of their occurrence.

C : probabilities can be combined to calculate the expected value of each cash flow element and of the project as a whole

D : NPVs of a sample range of possible outcomes and the probability of each NPV can be calculated. If a small sample is taken the distribution of outcomes can be used to calculate the zero activities deviation of the NPVs and the probability of success of the projects.

Answer: A,B,C

Page: 1 / 53

Total 261 Questions | Updated On: Dec 08, 2025

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