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: Jan 07, 2025

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Question 1

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

Question 2

Collins Corporation manufactures its products in a highly automated, just-in-time environment and uses a standard cost system. The variance that would cause the least concern would be a

A : 6% unfavorable fixed overhead volume variance caused by work stoppages because of missing parts

B : 9% unfavorable material price variance caused by changing to a supplier that would support the company's just-in-time needs.

C : 30% unfavorable direct labor efficiency variance caused by idle time while waiting for goods to be received from a previous manufacturing department

D : 12% unfavorable variable overhead spending variance caused by keeping equipment running during times when there is no production activity

Answer: B

Question 3

A company had 100.000 shares of common stock issued and outstanding at January 1. During the year, the

company took the following actions:

CMA-Financial-Planning-Performance-and-Analytics-page55-image8

A : $50.000

B : $75,000.

C : $100,000.

D : $150,000

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

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

Page: 1 / 23

Total 115 Questions | Updated On: Jan 07, 2025

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