Free IMANET CMA Exam Questions

Become IMANET Certified with updated CMA exam questions and correct answers

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Total 1336 Questions | Updated On: Jun 16, 2026

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Question 1

Which marketing research instrument is based on follow-up questioning?

A : ticulate interviewing.

B : tomer prototyping.

C : osed-end questions.

D : ddering.

Answer: D

Question 2

Austin Manufacturing, which is subject to a 40% income tax rate, had the following operating data

for the period just ended.

Management plans to improve the quality of its sole product by (1) replacing a component that costs

$3.50 with a higher-grade unit that costs $5.50, and (2) acquiring a $180,000 packing machine. Austin

will depreciate the machine over a 10-year life with no estimated salvage value by the straight-line

method of depreciation. If the company wants to earn after-tax income of $172,800 in the upcoming

period, it must sell

A : 19,300 units.

B : 21,3l6units.

C : 22,500 units.

D : 23,800 units.

Answer: C

Question 3

Union Electric Company must clean up the water released from its generating plant. The company’s

cost of capital is 12 percent for average risk projects, and that rate is normally adjusted up or down

by 2 percentage points for high- and low- risk projects. Clean-Up Plan

A. which is of average risk, has an initial cost of $10 million, and its operating cost will be $1 million

per year for its 10-year life. Plan B, which is a high-risk project, has an initial cost of $5 million, and its

annual operating cost over Years 1 to 10 will be $2 million. What is the approximate PV of costs for

the better project?

A : $15,432,000

B : $15,650,000

C : $16,300,000

D : $17,290,000

Answer: B

Question 4

What form of marketing assumes most people in the same demographic will react similarly to one marketing message?

A : rect marketing.

B : oactive marketing.

C : rvices marketing.

D : marketing.

Answer: D

Question 5

An interest swap covers a 3-year period with annual payments on a $1 million notional principal

amount. Party X agrees to pay a fixed rate of 8.5% to Party Z, who will in return pay to X a floating

rate equal to the London Interbank Offered Rate (LIBOR) in effect. LIBOR is the rate offered by major

London banks on large dollar deposites. The contract is initiated on January 1, Year 1. The first

payment is due on December 21, Year 1. The following are the floating rates on LIBOR over the 3-

year period:

Time LIBOR

1/1/Year 1 8.00%

1/1/Year 2 9.00%

1/1/Year 3 9.50%

1/1/Year 4 8.50%

What is the net payment made to the party that recognized a net gain on the contract?

A : $0

B : $10,000 to X

C : $ 15,000 to X

D : $15, 000 to Z

Answer: B

Page: 1 / 268

Total 1336 Questions | Updated On: Jun 16, 2026

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