IMA CMA Part 1: Financial Planning - Performance and Analytics : CMA-Financial-Planning-Performance-and-Analytics

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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) prescriptive analytics
B) directive analytics
C) diagnostic analytics
D) predictive analytics

2. Which one of the following activities is not a pan of the data mining process?

A) Applying statistical techniques to derive information from large sets of data
B) Creating valid and useful information from large data sets using statistical methods
C) Generating recommendations based on insights derived from large databases
D) Using artificial intelligence to identify patterns in large data sets

3. A company incurred the following selected costs In its manufacturing operations during the month.

A) $23,000
B) $22,000
C) $21,000
D) $20,000

4. Grayson Inc. experienced the following costs per unit this year for one of the direct materials involved in producing its main product
3.1 pounds @ $4 20 per pound = $13.02 per finished unit
For the next year. Grayson expects to produce 7.400 finished units. The price per pound of the direct material is expected to rise 10%. To combat this increase. Grayson has adapted its manufacturing process to reduce the amount of the direct material needed per finished unit by 5% What is the direct materials budget for the next year?

A) $105,983
B) $100,684
C) $101,165
D) $91,531

5. What is the best type of accounting system control to help prevent improper manipulation of data and to ensure the continued, satisfactory use of the hardware and software?

A) Throughput controls such as a hash total
B) Output controls such as a maximum check
C) input controls such as a limit check
D) Processing controls such as limiting access

Solutions: