Free Test Prep CBM Exam Questions

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Total 357 Questions | Updated On: Apr 29, 2026

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Question 1

Instead of requiring the payment of cash at the time services are provided or goods are sold, a business may accept payment at a later date, such revenues are called:

A : fees on account

B : earnings on account

C : credit on account

D : liability on account

Answer: A

Question 2

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 3

What refers to the basic management systems necessary to function effectively and carryout the principles of total quality?

A : Infrastructure

B : Practices

C : Processes

D : None of the above

Answer: A

Question 4

Software that works on computer network or via the Internet to link people across a room or around the globe is called:

A : Assembly-line

B : Troop-up

C : Groupware

D : Band-ware

Answer: C

Question 5

What is measured as a percentage of total industry sales over a specified time period?