File Info
| Exam | Certified Merger and Acquisition Advisor (CM and AA) |
| Number | CMA |
| File Name | Certified Management Accountant.VCEPlus.CMA.2023-05-25.1e.100q.vcex |
| Size | 69 Kb |
| Posted | May 25, 2023 |
| Download | Certified Management Accountant.VCEPlus.CMA.2023-05-25.1e.100q.vcex |
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Demo Questions
Which of the following is not a phase in a value-chain analysis?
- A: Identify activities that are candidates for cost reduction.
- B: Identify ways to generate additional customer value.
- C: Identify means for improving product cost efficiency.
- D: Identify the firm’s competitive advantage.
Correct Answer: C
Which of the following is not a type of process?
- A: Make-to-stock.
- B: Make-to-order.
- C: Buffer
- D: Hybrid
Correct Answer: C
Which of the following is not an appropriate time measure for use in process analysis?
- A: Product development time.
- B: Breakeven time.
- C: Customer-response time
- D: Process value time
Correct Answer: D
Using the information collected, the organization should focus on the
- A: Total number of personal computer complaints that occurred.
- B: Number of computer complaints associated with CD problems and new software usage.
- C: Number of computer complaints associated with the lack of user knowledge and hardware problems.
- D: Costs to alleviate all computer complaints.
Correct Answer: C
The chart displays the
- A: Arithmetic mean of each computer complaint
- B: Relative frequency of each computer complaint.
- C: Median of each computer complaint.
- D: Absolute frequency of each computer complaint.
Correct Answer: D
A statement that “80% of our profits come from 20% of our products” is an example of the application of
- A: Pareto analysis
- B: Benchmarking
- C: Value chain analysis
- D: Life-cycle costing
Correct Answer: A
Which of the following statements regarding benchmarking is false?
- A: Benchmarking involves continuously evaluating the practices of best-in-class organization and adapting company processes to incorporate the best of these practices.
- B: Benchmarking, in process, usually involves a company forming benchmarking teams.
- C: Benchmarking is an ongoing process that entails quantitative and qualitative measurement of the difference between the company’s performance of an activity and the performance by the best in the world or thebest in the industry.
- D: The benchmarking organization against which a firm is comparing itself must be a direct competitor.
Correct Answer: D
An example of an internal nonfinancial benchmark is the
- A: Labor rate of comparably skilled employees at a major competitor’s plant.
- B: Average actual cost per pound of a specific product at the company’s most efficient plant becoming the benchmark for the company’s other plants.
- C: Company setting a benchmark of $50,000 for employee training programs at each of the company’s plants.
- D: Percentage of customer orders delivered on time at the company’s most efficient plant becoming the benchmark for the company’s other plants.
Correct Answer: D
Which of the following statement is false with respect to best practices analysis?
- A: The balanced scorecard facilitates best practice analysis.
- B: Best practice analysis is a way or method of accomplishing a business function or process that is considered to be superior to all other known methods.
- C: Best practice analysis assumes that a lesson learned from one area of a business can be passed on to other area of the business or between businesses.
- D: The concept of benchmarking is incompatible with best practice analysis.
Correct Answer: D
Intense rivalry among firms in an industry increases when there is
I. A low degree of product differentiation.
II. Low consumer switching costs
- A: I only.
- B: II only.
- C: Both I and II.
- D: Neither I nor II.
Correct Answer: C
