100% Free IMANET CMA-Financial-Planning-Performance-and-Analytics Practice Test Questions and Answers 2026

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Total 115 Questions | Updated On: May 23, 2026

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Question 1

All of the following are limitations of teaming curve analysis except that

A : the learning rate tends to be affected by seasonality in sales

B : the estimated learning rate might be unreliable because other factors could have caused the change

C : the learning rate is assumed to be constant

D : it is appropriate only for labor-intensive repetitive tasks

Answer: A

Question 2

Faxton and Rexford are competitor in the same industry Faxton utilizes an incentive program mat focusessolely on net income Rexford uses customer service and employee development in addition to net income inits incentive program. Over time. Faxton can be expected to

A : have higher sales growth than Rexford due to management s strong focus

B : be less likely to misstate earnings due to the importance of earnings to management

C : be more profitable than Rexford initially Put lose this advantage

D : consistently be more profitable than Rexford due to not funding training programs

Answer: B

Question 3

Which one of the following activities is not a pan of the data mining process?

A : Applying statistical techniques to derive information from large sets of data

B : Using artificial intelligence to identify patterns in large data sets

C : Generating recommendations based on insights derived from large databases

D : Creating valid and useful information from large data sets using statistical methods

Answer: C

Question 4

A company had 100.000 shares of common stock issued and outstanding at January 1. During the year, thecompany took the following actions: CMA-Financial-Planning-Performance-and-Analytics-page55-image8

A : $50.000

B : $75,000.

C : $100,000.

D : $150,000

Answer: C

Question 5

Which one of the following is not considered to be a Benefit of participative budgeting?

A : Managers are held responsible for reaching their goals and cannot shift responsibility by blaming the unrealistic goals demanded by the budget.

B : Budget estimates are prepared by those in direct contact with various activities

C : individuals at all organizational levels are recognized as being pan of the team resulting in greatersupport of the budget

D : When managers set the final targets for the budget, it reduces top management-s concerns about theprofitability of operations

Answer: D

Page: 1 / 23

Total 115 Questions | Updated On: May 23, 2026

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