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IMA CMA Part 2: Strategic Financial Management Sample Questions:
1. All of the following describe ethical leaders except
A) supportive leaders who encourage employees to adhere to company policy
B) dedicated leaders who can keep promises and commitment
C) leaders who demonstrate high ethical standards
D) flexible leaders how new ethical behavior to be negotiable
2. Clark inc, expects to incur the following selected costs an a new product being planned for introduction early next.
* Design an development costs of $100,000 that will be incurred this year.
* Marketing costs of $50,000 to be incurred %50 this year %50 year
* Manufacturing costs of $500,000 to be incurred next year.
* In addition to external market factors, the pricing decision should be based on cost. The product cost that should be used is
A) $650, 000
B) $525, 000
C) $550,000
D) $500,000
3. Selected data for Bittner, inc is shown below (in thousands)
A) 47.75%
B) 52.73%
C) 4727%
D) 52.25%
4. An organization s sol of values and code or ethics is an important consideration in human resource decisions for each of the following reasons except
A) failure to address the alignment or individual values and ethics with organizational expectations may have a negative impact on performance.
B) an organization may not have a legal right to discharge a dishonest employee if such a code is not communicated
C) lack of a communicated set of values may create confusion and conflict among employees
D) employees not motivated to adhere to a set of values may impact relationships wan other entities doing Business e organization.
5. FreeRide inc is considering replacing its existing shuttle bus win a new one. The new bus can offer considerable savings in operating costs Information about the existing bus and the new bus is shown below.
A) accumulated depreciation of the existing bus
B) annual operating cost of the new bus
C) current salvage value of the existing bus
D) original cost of the new bus.
Solutions:
Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A |
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