Free IMANET CMA-Strategic-Financial-Management Exam Questions

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Total 126 Questions | Updated On: Apr 27, 2026

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Question 1

Marsalls Products Inc. manufactures and sells two products CD-ROMs and DVD's. The latest forecast on me

products and their costs tor the coming year is shown in the following table.

Note 1: Fixed manufacturing cost of Si.500 000 per year is allocated to products based on the number of

machine hours required to produce the product at a rate of S3 per machine hour

The Manufacturing Team leader just informed the CEO that a fire occurred at one of the manufacturing lines

and that line would be unavailable for the next 12 months. The result is that mere will only be 400 000

machine Hours available The CEO requested the management team to revise the plan for the coming year

based on the new constraint. The Marketing Team leader stated that in order to minimize customer complaints

about the shortage, a minimum of 100,000 units of each product should be produced With the new information

from the Manufacturing and Marketing teams what is the optimal product mix for the coming 12 months''

Assume Marsalls can sell allot its production.

A : 100,000 CD-ROM's and 150,000 DVD'[s

B : 120.000 CD-ROM's 140,000 DVD.

C : 150.000 CD-ROMS and 125.000 DVD

D : 200,000 CD-ROm's a dn 100,000 DVD

Answer: D

Question 2

A co league claims that morality is usually perceived and interpreted differently by different people so there is no method to judge whether one decision is better than another. This is commonly referred to as

A : hical relativity

B : ral philosophy

C : mparative ethics

D : ral relativism

Answer: D

Question 3

As the number of stocks in a portfolio increases, unsystematic risk

A : creases and systematic risk decreases

B : creases, and systematic risk increases

C : creases and systematic risk does not change

D : creases, and systematic risk does not change

Answer: C

Question 4

A company can by identical raw materials from four suppliers. Each supplier offers a different term of sale. Which one of the following terms of sale has the highest effective annual interest rate if the company does not take the cash discount?

A : 1/10, net 90

B : 1/30, net 90

C : 1/10, net 45

D : 1/30 net 45

Answer: D

Question 5

Harris Wholesale Grocery Company has gross sales per year of $7 million and grants credit terms to its customers of 2/5. net 15 As a result. 60% of customers pay on the discount date 20% pay on the net due date, and 20% pay on average 10 days after the due date Assuming that sales are uniform throughout the year and using a 360-day year In the calculation what is the approximate annual amount of discount that Hams customers are allowed to take?

A : $28,000

B : $84,000

C : $140, 000

D : $210,000

Answer: C

Page: 1 / 26

Total 126 Questions | Updated On: Apr 27, 2026

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