CMA Part 2 Practice Exam 10

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Part 2 Practice Exam 10

CMA Part 2
Practice Exams

CMA Part 2 Practice Exam 10

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1. Question

A project requires an initial investment of $180,000. Expected annual cash inflows are: Year 1, $40,000; Year 2, $60,000; Year 3, $70,000; and Year 4, $90,000. What is the project’s payback period?

2. Question

When the NPV and IRR methods provide conflicting rankings for two mutually exclusive projects, which method should generally guide the accept/reject decision, and why?

3. Question

In capital budgeting analysis, sensitivity analysis is primarily used to:

4. Question

A management accountant becomes aware that a colleague in another department is falsifying expense reports, a matter unrelated to the accountant’s own job responsibilities. According to the IMA Statement of Ethical Professional Practice, the most appropriate first course of action is to:

5. Question

An employee who diverts incoming customer payments for personal use, then conceals the theft by writing off the corresponding customer account as an uncollectible receivable, is committing which type of fraud?

6. Question

7. Question

In the fraud triangle, an employee’s internal justification of “I’m underpaid and deserve this money” used to excuse a theft most directly reflects which element of fraud?

8. Question

A management accountant has discussed an unresolved ethical conflict with their immediate supervisor, but the issue remains unresolved because the supervisor is directly involved in the conflict. According to the IMA’s recommended resolution process, the accountant’s next appropriate step is to:

9. Question

Senior executives who consistently model ethical behavior, establish a clear ‘tone at the top,’ and hold all employees accountable to the same ethical standards are primarily contributing to which organizational factor?

10. Question

A company voluntarily discloses its greenhouse gas emissions and labor practices in an integrated annual sustainability report, even though such disclosure is not legally required. This practice primarily reflects:

Next: CMA Main Menu

CMA Part 2Practice Exams

CMA Part 2 Practice Exam 10

Quiz Summary

Information

Results

Results

Categories

1. Question

A project requires an initial investment of $180,000. Expected annual cash inflows are: Year 1, $40,000; Year 2, $60,000; Year 3, $70,000; and Year 4, $90,000. What is the project’s payback period?

2. Question

When the NPV and IRR methods provide conflicting rankings for two mutually exclusive projects, which method should generally guide the accept/reject decision, and why?

3. Question

In capital budgeting analysis, sensitivity analysis is primarily used to:

4. Question

A management accountant becomes aware that a colleague in another department is falsifying expense reports, a matter unrelated to the accountant’s own job responsibilities. According to the IMA Statement of Ethical Professional Practice, the most appropriate first course of action is to:

5. Question

An employee who diverts incoming customer payments for personal use, then conceals the theft by writing off the corresponding customer account as an uncollectible receivable, is committing which type of fraud?

6. Question

7. Question

In the fraud triangle, an employee’s internal justification of “I’m underpaid and deserve this money” used to excuse a theft most directly reflects which element of fraud?

8. Question

9. Question

Senior executives who consistently model ethical behavior, establish a clear ‘tone at the top,’ and hold all employees accountable to the same ethical standards are primarily contributing to which organizational factor?

10. Question

A company voluntarily discloses its greenhouse gas emissions and labor practices in an integrated annual sustainability report, even though such disclosure is not legally required. This practice primarily reflects:

Next: CMA Main Menu

CMA Part 2
Practice Exams