Online Access Free CMA-Financial-Planning-Performance-and-Analytics Practice Test

A manufacturing company is setting a standard number of labor hours for a product Management creates a draft standard and asks for employees' feedback. Which one of the following statements best represents the type of standard that is being set?

• A.A participative standard because the employees will more likely view the standard as reasonable.
• B.An authoritative standard because management still will ensure the standard fits the strategy
• C.A participative standard because It includes management's Input to determine the standard.
• D.An authoritative standard because the employees helped to determine the standard

Hill Corporation sola some of its accounts receivable including one from Custom Company, to Dale incorporated without recourse, Because of this transaction.

• A.Dale incorporated has no recourse against mil Corporation
• B.Custom Company has no recourse against Hill Corporation
• C.Custom Company has no recourse against Dale incorporated
• D.Hill Corporation has no recourse against Dale Incorporated

Life-cycle costing is most effective when used with products that have a

• A.long development period and many costs incurred poor to manufacturing
• B.short development period and many costs Incurred during manufacturing
• C.short development period and few costs incurred poor to manufacturing
• D.long development period and many costs incurred during manufacturing

Which one of the following is not considered to be a Benefit of participative budgeting?

• A.Managers are held responsible for reaching their goals and cannot shift responsibility by blaming the unrealistic goals demanded by the budget.
• B.individuals at all organizational levels are recognized as being pan of the team resulting in greater support of the budget
• C.When managers set the final targets for the budget, it reduces top management's concerns about the profitability of operations
• D.Budget estimates are prepared by those in direct contact with various activities

To prevent cyoeratiacks. a company recently implemented penetration testing wnich one of tne following statements best descnbes this test?

• A.An authorized attempt to break through the company's firev.au
• B.A staged break-in of the company s server room after business hours
• C.A series of attempts to flood the company's network with traffic
• D.An email testing employee compliance with phishing guidelines