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IMA CMA Part 1: Financial Planning - Performance and Analytics Sample Questions:
1. The type of data anarytics mat seeks to identify the best action to take in oraer to achieve a desired result is
A) directive analytics
B) diagnostic analytics
C) prescriptive analytics
D) predictive analytics
2. Which one of the following statements describes now Section 302 of the Sarbanes-Oxley Act impacts a company's Internal control environment?
A) The board s financial expertise improves because a financial expert is appointed
B) Executives are more supportive since they certify their responsibility for the system
C) Greater external scrutiny results because a new auditor must be appointed annually
D) The auditor is more independent because non-audit services are prohibited
3. A company incurred the following selected costs In its manufacturing operations during the month.
A) $22,000
B) $20,000
C) $21,000
D) $23,000
4. If a company s disaster recovery planning includes the use of a cold site the company will
A) restore its IT function after equipment is made ready at a site with prewired IT access
B) resume Its business processes immediately at a remote site with no preinstalled equipment
C) relaunch its major business processes from a site with preinstalled equipment
D) restart its IT operations using the real-time mirroring performed at the cold site
5. Stone Ltd manufactures socket wrenches .The company produced 400 000 wrenches and sold 350,000 this year. The following information pertains to the costs accumulated in Stone's inventory.

What is the difference between Stones operating income under absorption costing and variable costings
A) $16,750 higher using absorption costing.
B) $36.500 higher using absorption costing
C) $19,750 lower using variable costing
D) $28,000 lower using variable costing
Solutions:
Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |