Free IMANET CMA-Financial-Planning-Performance-and-Analytics Exam Questions

Become IMANET Certified with updated CMA-Financial-Planning-Performance-and-Analytics exam questions and correct answers

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Total 115 Questions | Updated On: Jul 28, 2025

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Question 1

Which one of the following statements best defines datagovernance?

A : ocedures implemented by the board of directors to manage data.

B : framework used to oversee the availability, usability and integrity of data

C : company's framework for supervising and managing the IT function

D : corporate records retention policy setting out the contents of the system data records

Answer: C

Question 2

All of the following are limitations of teaming curve analysis except that

A : learning rate tends to be affected by seasonality in sales

B : estimated learning rate might be unreliable because other factors could have caused the change

C : learning rate is assumed to be constant

D : is appropriate only for labor-intensive repetitive tasks

Answer: A

Question 3

Collins Corporation manufactures its products in a highly automated, just-in-time environment and uses a standard cost system. The variance that would cause the least concern would be a

A : 6% unfavorable fixed overhead volume variance caused by work stoppages because of missing parts

B : 9% unfavorable material price variance caused by changing to a supplier that would support the company's just-in-time needs.

C : 30% unfavorable direct labor efficiency variance caused by idle time while waiting for goods to be received from a previous manufacturing department

D : 12% unfavorable variable overhead spending variance caused by keeping equipment running during times when there is no production activity

Answer: B

Question 4

Which one of the following items is included in accumulated other comprehensive income?

A : ins and losses on the sale of equipment

B : fect of a change in accounting method

C : alized gains on available-for-sale securities

D : reign currency translation adjustments

Answer: D

Question 5

Which one of the following activities is not a pan of the data mining process?

A : plying statistical techniques to derive information from large sets of data

B : ing artificial intelligence to identify patterns in large data sets

C : nerating recommendations based on insights derived from large databases

D : eating valid and useful information from large data sets using statistical methods

Answer: C

Page: 1 / 23

Total 115 Questions | Updated On: Jul 28, 2025

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