CMA-Strategic-Financial-Management Practice Online

Question 1

IF a company does not have a code of conduct, the company most likely

A : is missing important guidance on ethical decision making

B : will lack an expressed statement of values regarding ethical behavior

C : can use its statement of values instead to implement ethics in daily decision making

D : must find another way to express its ethical principles

Answer: A

Question 2

Which one or the following costs Is a variable product cost?

A : Office rent in a temporary staffing company

B : Plant manager s salary for a computer chip manufacturer

C : Payroll taxes based on the hourly wages of plant personnel

D : Promotional materials distributed to raise brand awareness

Answer: C

Question 3

Slam-Dunk Shoes has 5,000 pairs or damaged shoes in inventory. The cost of these shoes was $51,000. in their present condition, the shoes may be sold at clearance prices for $29,000 Slam-Dunk can have the shoes repaired at a cost of $77,000 after which they can be sold for $100,000. What is the opportunity cost of selling the shoes in their present damaged condition?

A : $23.000

B : $71.000

C : $77, 000

D : $100, 000

Answer: A

Question 4

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 : ethical relativity

B : moral philosophy

C : comparative ethics

D : moral relativism

Answer: D

Question 5

Which one of the following situations describes a secondary offering of stock by a company?

A : The company has an initial public offering of its stock and its investment bank needs to add mote shares to the initial public offering to meet excess demand by investors

B : After the lockup period of the initial public offering ends, the company 3 founders sell some of their shares to the public

C : The company repurchases shares of its stock in the open market, but it then later sells these shares in the open market

D : After completing its initial public offering, the company sells more new shares of its stock

Answer: B

Name:	CMA Part 2 Strategic Financial Management
Exam Code:	CMA-Strategic-Financial-Management
Certification:	CMA
Vendor:	IMANET
Total Questions:	114
Last Updated:	May 09, 2024

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