Free Test Prep CBM Exam Questions

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Total 357 Questions | Updated On: Oct 29, 2025

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Question 1

The number of employees who are forced by multiple managers to supervisors is known as span of control.

A : True

B : False

Answer: B

Question 2

What limits the economic data in the accounting system to data related directly to the activities of the business?

A : Business entity concept

B : Business cost concept

C : Business data concept

D : Business line concept

Answer: A

Question 3

Issuance of shares defines:

A : Equity Security source of capital creating an ownership interest in the corporation

B : Share a proportionate ownership interest in a corporation

C : Treasury Stock shares reacquired by a corporation

D : All of the above

Answer: D

Question 4

What is a foreign corporation organized under the laws of a foreign host country, but owned and controlled by the parent corporation in the home country?

A : partially owned foreign subsidiary

B : wholly owned foreign subsidiary

C : wholly foreign participation venture

D : partially foreign participation venture

Answer: B

Question 5

A firm uses more short-term sources, its debt costs are low, profits are high and solvency is low with:

A : Aggressive strategy

B : Conservative financing strategy

C : Moderate financing strategy

D : Excess Liquidity strategy

Answer: A

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Total 357 Questions | Updated On: Oct 29, 2025

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