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IMA CMA Part 1: Financial Planning - Performance and Analytics Sample Questions:
1. in order for the IT manager in cnarge of a company's disaster recovery plan to have complete planning documentation, he should ensure that the documentation includes all of the following except
A) program and operating system documentation
B) the phone numbers of key employees
C) vendors who win set up the hot site
D) the results of the latest disaster recovery test run
2. A company has prepared the following pro forma income statements. It plans to sell 10,000 units in the current year and 11.500 units next year.
A) Increase sales revenue by 15%.
B) Reduce operating expenses by $1.00 per unit
C) Reduce cost of goods sold by $1.00 per unit
D) Increase gross profit margin by 15%
3. A scatterplot is an effective visualization technique that is used to
A) show the relationship of data points for two specific variables
B) display the distribution of data points for a single variable
C) illustrate the composition of an aggregate data point that changes over several periods
D) compare and track the change in data points over multiple time periods.
4. Which one of the following is the most important factor in the successful implementation of a balanced scorecard?
A) Setting appropriate measurement criteria
B) Providing a feedback mechanism
C) Obtaining management buy-in and support
D) Linking the scorecard to external criteria
5. A timber company is evaluating its products to determine whether to continue to further process scrap wood into wood chips, or to just sell the scrap wood to another company. Which of the following statements best describes what the company should consider regarding the potential by-product?
A) The company should consider all of the separable costs throughout the process as it is incremental.
B) The company should consider the incremental operating income beyond the split-off point In Its decision.
C) The company should consider an of the manufacturing costs for Doth products beyond the split-off point.
D) The company should consider all joint costs throughout the process before it decides if it should process further.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: B |






