高才财经培训-CMA Part3练习及答案(修订)

CMAExamPracticeQuestionsPage1©2008InstituteofCertifiedManagementAccountantsCMAPROGRAMRevisedCMAExamQuestions&AnswersPart3StrategicManagementCMAExamPracticeQuestionsPage2©2008InstituteofCertifiedManagementAccountantsPART3TABLEOFCONTENTSIntroductionpage3Samplequestionspage4-22Answerstosamplequestionspage23-38Contentspecificationoutlinepage39-41IMA’sStatementofEthicalProfessionalPracticepage42-43Attachments:TimeValueofMoneyTablespage44-47InstituteofCertifiedManagementAccountants10ParagonDriveMontvale,NewJersey07645-1760(800)638-4427or(201)474-1606©2008InstituteofCertifiedManagementAccountantsIntroductionTheCertifiedManagementAccountant(CMA)isendorsedbytheInstituteofManagementAccountants(IMA).TheInstituteofCertifiedManagementAccountants(ICMA)ispublishingthisbookofsamplequestionswithanswerstohelpyoupreparefortheCMAexamination.Thisbookisintendedtofamiliarizeyouwiththetypesofquestionsthatyouwillencounterontheexams.Thesequestionsareactual“retired”questionsfromthecomputer-basedCMAexam.Thispublicationshouldbeusedasasupplementtootherstudymaterials.Thebookincludes55samplequestions,withaproportionalrepresentationfromeachofthesectionswithinthispartandatvariouscognitivelevels.Recordednexttoeachquestionnumberisatopicreferencetothecontentspecificationoutline,whichisalsoincludedinthispublication.Inaddition,wehaveenclosedtimevalueofmoneytablesthatareavailabletoyouonthecomputerwhenyoutaketheexam.Theanswerstothequestions,alongwithexplanationsandsupportingcalculations,areshownattheendofthequestionsection.Textbookreferencesandtherelevantlearningoutcomestatementsarealsoincludedwiththeanswer.TheICMApublishesabookofsamplequestionsforeachofthethreemultiple-choicepartsoftherevisedCMAprograms.Wealsopublish“ResourceGuideforRevisedCMAExam,”whichincludescomprehensivetextbookreferencesforalllineitemsonthecontentspecificationoutline,examstatistics,andexamtakingstrategies.Inaddition,thosecandidateswhopreviouslytookandfailedanexampartcanorderanAdvancedExamPerformancereport.ThisreportfollowstheExaminationContentSpecificationOutlines,whichmeansyouwillknowexactlywhattopicsandsubtopicsyouneedtostudy.Thereportseparatelyshowsareasofstudythatneedimprovementbasedonyourexamresults,sothatyoucansavetimebyfocusingonyourweakestareasandimproveyourscore.TheCMAProgramisarigoroustestofyourskillsandcapabilitiesandrequiresdedicationtobesuccessful.Wehopethatthesesamplequestionswillbeavaluableresourceasyourpursueyourgoalofcertification.Shouldyouhavequestionsaboutthecertificationprocess,pleaseletusknoworvisitourwebsite!CMAExamPracticeQuestionsPage4©2008InstituteofCertifiedManagementAccountantsSAMPLEQUESTIONS–PART31.TopicA.1.d.VasilInc.conductedastrategicself-assessmentoffactorscontributingtomarketattractivenessandbusinessstrengthsasfollows.MarketattractivenessWeightRating(1-5)Overallmarketsize0.45Annualmarketgrowthrate0.34Historicalprofitmargin0.25BusinessstrengthWeightRating(1-5)Unitcosts0.54Marketsharegrowth0.42Brandreputation0.13Thefactorratingsrangefrom1(thelowest)to5(thehighest).WhichoneofthefollowingstrategieswouldbethemostbeneficialforVasil?a.Buildselectivelyonstrengthsb.Upgradeproductline.c.Focusonattractivesegments.d.Avoidinvestments.2.TopicA.1.e.Whichoneofthefollowingbestdescribestacticalprofitplans?a.Detailed,short-term,broadresponsibilities,qualitative.b.Broad,short-term,responsibilitiesatalllevels,quantitative.c.Detailed,short-term,responsibilitiesatalllevels,quantitative.d.Broad,long-term,broadresponsibilities,qualitative.3.TopicA.2.a.Just-in-timeproductionisalsocalleda.kaizen.b.leanmanufacturing.c.activity-basedmanagement.d.backflushcosting.CMAExamPracticeQuestionsPage5©2008InstituteofCertifiedManagementAccountants4.TopicA.2.a.Whichofthefollowingisnotacorrectcomparisonofajust-in-timesystemwithatraditionalsystem?TraditionalJust-in-Timea.LongerleadtimesShorterleadtimesb.InventoryisanassetInventoryisaliabilityc.SomescraptoleratedZerodefectsdesiredd.LotsizebasedonimmediateneedLotsizebasedonformulas5.TopicA.2.b.StarrCompanyusesmaterialrequirementsplanning(MRP)andmanufacturesaproductwiththefollowingproductstructuretree.Starrhasjustreceivedanorderfor100unitsofX,thefinishedproduct.Thecompanyhas20unitsofX,100unitsofB,and50unitsofEininventory.HowmanyunitsofEmustStarrpurchaseinordertofilltheorder?a.1,000.b.830.c.800.d.550.CMAExamPracticeQuestionsPage6©2008InstituteofCertifiedManagementAccountants6.TopicA.2.c.Antlers,Inc.producesasingleproductthatsellsfor$150perunit.TheproductisprocessedthroughtheCuttingandFinishingdepartments.Additionaldataforthesedepartmentsareasfollows.CuttingFinishingAnnualcapacity(36,000directlaborhoursavailableineachdepartment)180,000units135,000unitsCurrentproductionrate(annualized)108,000units108,000unitsFixedmanufacturingoverhead$1,296,000$1,944,000Fixedsellingandadministrativeexpense$864,000$1,296,000Directmaterialscostperunit$45$15Thecurrentproductionrateisthebudgetedratefortheentireyear.Directlaboremployeesearn$20perhourandthecompanyhasa“nolayoff”policyineffe