Free CIMA CIMAPRA19-P02-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRA19-P02-1-ENG exam questions and correct answers

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Total 205 Questions | Updated On: Oct 28, 2025

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Question 1

Firefighters risk serious and potentially fatal accidents whenever they attend an incident.
Which of the following statements is correct?

A : risk of serious accidents should be accepted in all but the most extreme incidents.

B : risk of serious accidents should always be accepted because that is what firefighters are paid to do.

C : risk of serious accidents should be avoided because the risk has a high probability and a high impact.

D : ery incident should be the subject of a detailed and thorough risk assessment before the firefighters are permitted to respond.

Answer: A

Question 2

How does beyond budgeting NOT help to resolve the weaknesses of traditional budgeting? Select ALL that apply.

A : nagers are set goals and targets to achieve rather than abiding by strict budgets and variances.

B : nagers have a much larger scope of business goals that when achieved, will increase shareholder value.

C : nagers are given more freedom and control over their business units under Beyond budgeting.

D : nagers focus on keeping costs low in the short term to ensure maximised profits.

E : nagers are given incentives to meet or undercut budgets.

F : nagers are encouraged to designate responsibility to others to lessen their workload so they may concentrate on important tasks.

Answer: A,D

Question 3

One of an investment centre's products is sold on an external market. Output is limited because the specialist machine that manufactures the product is operating at full capacity.

Current data for the product are as follows.

A : $21,400

B : $17,800

C : $23,900

D : $26,160

Answer: A

Question 4

When considering a capital investment, relevant costs for decision making have which THREE of the following features?

A : ey are future costs.

B : ey are committed costs.

C : ey are incremental costs.

D : They are unavoidable costs.

E : ey are cash flows.

Answer: A,C

Question 5

Which TWO of the following expressions are correct?

A : 1 + money rate = (1 + real rate) x (1 + inflation rate)

B : 1 + real rate = (1 + money rate) / (1 + inflation rate)

C : 1 + real rate = (1 + inflation rate) / (1 + money rate)

D : 1 + money rate = (1 + inflation rate) / (1 + real rate)

E : 1 + inflation rate = (1 + money rate) x (1 + real rate)

Answer: A,B

Page: 1 / 41

Total 205 Questions | Updated On: Oct 28, 2025

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