Online Access Free CMA-Strategic-Financial-Management Practice Test

Which one of the following moral philosophies states that the morality of an action is inherent and not based on the consequences of the action?

• A.Teleology
• B.Relativism
• C.Utilitarianism
• D.Deontology

Abex Employment Agency has requested an increase in the firm's line of credit, and the bank is reviewing Abex's sales and collections history Although the firm's sales have increased the bank is concerned about the credit quality of the firm's customers Based on the following information calculate the average collection period for the firm Use a 365-day year in your calculations.

• A.80 days
• B.88 days
• C.101 days
• D.99 days

Marlow Company s partial balance sheet indicated the following.

• A.1.96
• B.2.08
• C.0.51
• D.1.58

A retail company sells numerous products m its one department store. The income statements tot two of these products are shown below

After reviewing the income statements, the president is considering drooping one or both products. Which produces), if any should the company discontinue?

• A.Product A only
• B.Product B only
• C.Neither Product A nor Product B
• D.Both Product A and Product B

The human resources manager of BankUS has noted mat me company s employee turnover has increased. He has also had his budget cut, and will have to reduce training for new associates. He has a meeting scheduled with the CFO lo go over risks that his department faces. What should the human resources manager tell the CFO about risk?

• A.He should notify the CFO of a potential operations risk
• B.He should notify the CFO of a need for additional funding
• C.Me does not need to notify me CFO of a potential risk
• D.He should notify the CFO of a potential internal factor risk