CMA英文P1历年高频真题.pdfVIP

CMA Part 1 –Financial Planning, Performance and Control Examination Practice Questions Section A: Planning, Budgeting and Forecasting 1. CSO: 1A1a LOS: 1A1b Cerawell Products Company is a ceramics manufacturer that is facing several challenges in its operations due to economic and industry conditions. The company is currently preparing its annual plan and budget. Which one of the following is subject to the least control by the management of Cerawell in the current fiscal year? a. A new machine that was purchased this year has not helped reduce Cerawell’s unfavorable labor efficiency variances. b. A competitor has achieved an unexpected technological breakthrough that has given them a significant quality advantage, and has caused Cerawell to lose market share. c. Vendors have asked that the contract price for the goods they supply to Cerawell be renegotiated and adjusted for inflation. d. Experienced employees have decided to terminate their employment with Cerawell and go to work for the competition. 2. CSO: 1A1a LOS: 1A1e All of the following are advantages of the use of budgets in a management control system except that budgets a. force management planning. b. provide performance criteria. c. promote communication and coordination within the organization. 优财全国最大的 CMA 培训机构 | 全国报名热线：400-666-5318 1 d. limit unauthorized expenditures. 3. CSO: 1A1b LOS: 1A1e In developing the budget for the next year, which one of the following approaches would most likely result in a successful budget with the greatest amount of positive motivation and goal congruence? a. Permit the divisional manager to develop the goal for the division that in the manager’s view will generate the greatest amount of profits. b. Have senior management develop the overall goals and permit the divisional manager to determine how these