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Certified Management Accountant (CMA): Study Guide & Test Prep  /  CMA Prep

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Certified Management Accountant (CMA): Study Guide & Test Prep Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. What is level production?

Question 2 2. Which of the following is considered an operating activity from the statement of cash flow?

Question 3 3. XYZ Home Improvement sells metal table legs among other things. They have a large inventory of metal table legs for sale. Some of their inventory was purchased from their metal table leg supplier last year for $35 per leg. The cost of these metal table legs has since increased to $40 per leg. XYZ Home Improvement likes their financial reports to show the greatest profit for their shareholders. Which costing method should they use?

Question 4 4. What would be an example of a positive risk?

Question 5 5. What is an example of a short-term investment?

Question 6 6. What is quantitative forecasting?

Question 7 7. GAAP is an acronym for what?

Question 8 8. Which would NOT be an implication of a lower span of control?

Question 9 9. What kind of manager does negotiated transfer pricing benefit?

Question 10 10. Which statement best describes the goals of an organization?

Question 11 11. What is the break-even point for fixed costs of $100, variable costs of $10, with a sales price of $20?

Question 12 12. Which of the following would you need to know to determine the Manufacturing Overhead Per Unit?

Question 13 13. How are financial statement ratios calculated?

Question 14 14. What is the process for preparing a top-down budget?

Question 15 15. How does the discount rate impact the value of future cash flows when calculating net present value?

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Certified Management Accountant (CMA): Study Guide & Test Prep Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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