Free IMANET CMA-Financial-Planning-Performance-and-Analytics Exam Questions

Become IMANET Certified with updated CMA-Financial-Planning-Performance-and-Analytics exam questions and correct answers

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Total 115 Questions | Updated On: Mar 28, 2025

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Question 1

A heating. ventilation, and air conditioning (HVAC) company estimates that n takes a new team of technicians 100 labor hours to install its first HVAC system and that there is an 80% learning rate What are theestimated

total labor hours for a new team to complete its first four installations?

A : 256.

B : 295.

C : 320.

D : 340.

Answer: A

Question 2

Which oneof the following best describes the difference between a normal costing system and an actual costing system?

A : rect labor cost is estimated using a predetermined rate under a normal costing system, while it is the actual value under an actual costing system.

B : rect material cost is estimated using a predetermined rate under a normal costing system while it is the actual value under an actual costing system

C : ctory overhead cost is estimated using a predetermined rate under a normal costing system,while it is me actual value under an actual costing system.

D : th direct labor cost and direct material cost are estimated using a predetermined rate under a normal costing system, while they are the actual value under an actual costing system

Answer: C

Question 3

Which one of the following activities is not a pan of the data mining process?

A : plying statistical techniques to derive information from large sets of data

B : ing artificial intelligence to identify patterns in large data sets

C : nerating recommendations based on insights derived from large databases

D : eating valid and useful information from large data sets using statistical methods

Answer: C

Question 4

Which one of the following statements best defines datagovernance?

A : ocedures implemented by the board of directors to manage data.

B : framework used to oversee the availability, usability and integrity of data

C : company's framework for supervising and managing the IT function

D : corporate records retention policy setting out the contents of the system data records

Answer: C

Question 5

Which one of the following is not considered to be a Benefit of participative budgeting?

A : nagers are held responsible for reaching their goals and cannot shift responsibility by blaming the unrealistic goals demanded by the budget.

B : dget estimates are prepared by those in direct contact with various activities

C : individuals at all organizational levels are recognized as being pan of the team resulting in greatersupport of the budget

D : When managers set the final targets for the budget, it reduces top management's concerns about theprofitability of operations

Answer: D

Page: 1 / 23

Total 115 Questions | Updated On: Mar 28, 2025

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